Lithium miner Albemarle (NYSE: ALB) has struggled since hitting an all-time high in 2022, with shares down about 64% since. A primary cause of the decline is likely profit-taking after an intense run-up during the pandemic, but slowing adoption of electric vehicles (EVs) and reduced expectations for ...
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Lithium prices have plunged by more than 80% since hitting a recent peak in November 2022. But the bottom of this latest trough may have been reached as the pricing of the metal widely used for electric vehicle (EV) batteries is up by about 10% so far this year. That price performance led one Wall Street ...
motleyfoolusx:alb
While the estimation of just how high manufacturer Albemarle's (NYSE: ALB) stock can rise may have dipped from his previous thinking, Christopher Kapsch, an analyst at Loop Capital still sees ample upside. Trimming his previous price target of $168, Kapsch last week said he sees shares of Albemarle headed ...
motleyfoolusx:alb
