ALB Stock Recent News
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The latest trading day saw Albemarle (ALB) settling at $75.05, representing a +2.36% change from its previous close.
The Zacks Chemicals Diversified industry is hamstrung by weak demand in Europe, China and key end markets. DD, ALB and MEOH are poised to navigate the industry challenges.
CATL's Jianxiawo mine shutdown briefly spiked lithium prices, but Albemarle and peers were already in recovery mode regardless. Albemarle cut CAPEX and debt, aiming for consistent positive free cash flow by 2025 amid tough market conditions. Lithium demand expected to more than double by 2030, driven by EV growth, China's dominance, and data center storage.
Zacks.com users have recently been watching Albemarle (ALB) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Shares of lithium miner Albemarle dropped early Tuesday after a report that Chinese producer CATL would restart an idled mine.
The plan is moving lithium prices and lithium stocks.
If you buy a stock that goes up 20% in a year, I'd say you made a good investment. After all, the S&P 500 (^GSPC 0.51%) returns somewhere around 10% annually on average.
Albemarle is poised for growth as lithium demand rebounds, with supply cuts stabilizing prices and setting up a bullish multi-year trend. Technical analysis shows ALB is above its 30-week EMA with both short- and long-term momentum indicators signaling a strong upward trend. Volume patterns indicate institutional buying support since April 2025, reinforcing the positive technical outlook for ALB shares.
Albemarle (ALB) reported earnings 30 days ago. What's next for the stock?
The stock finds itself in an odd spot.