Why Albemarle Stock Is Crashing Today

Albemarle (ALB -11.79%) stock slumped by double digits this morning and was trading 13.4% lower as of 10:40 a.m. ET Tuesday. The world's largest lithium producer is raising money to fund growth capital expenditures among other things, and the market believes it's a sign of how difficult the business environment remains for lithium companies.A move to bolster liquidity amid challengesAlbemarle said it plans to sell $1.75 billion worth of depositary shares, each representing 1/20th interest in mandatory conve ...