1 Rallying Lithium Stock: Is the Worst Now Over? Time to Buy?
Albemarle(ALB) The Motley Fool·2024-05-11 13:54
One of the leading lithium producers, Albemarle, might be signaling some stability is finally settling in.This story has been told before (by me, at numerous points in 2023), but it appears that one of the leading producers of lithium, Albemarle (ALB -2.94%), is signaling that the worst might finally be over.After a massive run-up in 2022 for the price of the commodity -- a key ingredient in electric vehicle (EV) lithium ion batteries -- lithium's market price proceeded to tank last year due to excess suppl ...