Why Albemarle Stock Surged More Than 20% in February
Albemarle(ALB) The Motley Fool·2024-03-04 17:15
Shares of Albemarle (ALB -4.90%), the world's largest lithium producer, rose by an impressive 20.1% in February, according to data provided by S&P Global Market Intelligence. That rise was powered by a combination of its fourth-quarter earnings report (which it released on Valentine's Day), an uptick in the price of lithium, and the earnings report and commentary of the world's second-largest lithium producer, Sociedad Quimica y Miera de Chile (SQM -4.97%), aka SQM.Falling prices, rising volumeThere's very ...