ALB Stock Recent News
ALB LATEST HEADLINES
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
Albemarle (ALB) closed at $120.50 in the latest trading session, marking a -1.7% move from the prior day.
Crisis will lead to opportunity for lithium stocks. For one, the blood is flowing in the streets with many of the top lithium names.
Albemarle (ALB) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The Investment Committee discusses the latest Calls of the Day.
Albemarle Corporation (NYSE:ALB) stock was last seen up 0.6% to trade at $129.90, after the chemicals manufacturing company nabbed a price-target hike from Citigroup to $135 from $125.
BofA Securities analyst Matthew DeYoe upgrade shares of lithium miner Albemarle to Buy from Hold.