ALB Stock Recent News
ALB LATEST HEADLINES
Albemarle (ALB) closed at $116.88 in the latest trading session, marking a +1.65% move from the prior day.
Shares are near multiyear lows. The company has a strong balance sheet.
Many investors are focusing their metals and mining focus on gold and silver in 2024. And lithium stocks took a beating in 2023 which continues into 2024.
When you look at the technology, it's hard not to be bullish on the future of electric vehicles. The environmental impact alone should be enough to realize that EV adoption will continue to rise as time goes on.
The demand for batteries has seen a significant surge in recent times, leading to a rise in the valuation of battery stocks. With governments worldwide implementing stricter emissions regulations and consumers increasingly choosing electric over traditional combustion engines, the future for EV battery stocks looks exceptionally bright.
The latest trading day saw Albemarle (ALB) settling at $112.29, representing a +0.12% change from its previous close.
The electric vehicle (EV) trend brought the spotlight on the demand for lithium used in EV batteries. The fear of a dwindling supply of lithium and growing demand for it caused lithium carbonate prices to surge as high as $81,360 per tonne in November 2022.
Adobe and Intel are ramping up spending to unlock AI growth potential. On Semi and Albemarle are feeling the impact of a widespread EV downturn.
Battery-powered electric vehicles require hundreds of pounds of lithium per vehicle. Albemarle is the largest United States-based producer of lithium.
My Optimism About Albemarle Has Taken A Hit