Albemarle Corporation’s (ALB) shares have gained 13.7% in the past week, outperforming the Zacks Chemical - Diversified industry’s rise of 3.2%. The rally has been largely driven by the recent reports that a major lithium producer from China is planning to cut production, raising hopes of a rebound in lithium prices, which have been going downhill amid rising supply after peaking in 2022. Technical indicators show that ALB has been consistently trading below the 200-day simple moving average (SMA) since Jul ...

In the latest trading session, Albemarle (ALB) closed at $87.44, marking a -1.2% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.54%. Meanwhile, the Dow experienced a rise of 0.72%, and the technology-dominated Nasdaq saw an increase of 0.65%.The specialty chemicals company's shares have seen an increase of 11.83% over the last month, surpassing the Basic Materials sector's gain of 2.05% and the S&P 500's gain of 4.86%.Analysts and investors alike will be keeping a ...

One catalyst could help lithium stocks recover, with one stock looking like a solid long-term buy now.Lithium stocks have been hammered this year alongside lithium prices, but a major industry development this week lifted investors' hopes of a turnaround and sent shares of lithium producers soaring.Here are some top-performing lithium stocks and the percentage by which they rallied at their highest points in trading this week through 12:30 p.m. ET Friday, according to data provided by S&P Global Market Inte ...

At any given time in the stock market, there are a couple of unknown and uncovered trends that could become one of the “I wish I bought” plays a few years later. Some people regret not buying into NVIDIA Co. NASDAQ: NVDA before it was NVIDIA; others wish they had bought Carvana Co. NYSE: CVNA before the stock rallied over ten times on a corporate restructuring.Albemarle TodayALBAlbemarle$88.83 +0.33 (+0.37%) 52-Week Range$71.97▼$188.47Dividend Yield1.80%P/E Ratio32.30Price Target$117.10Add to WatchlistToday ...

Albemarle (ALB) closed the latest trading day at $88.50, indicating a -0.9% change from the previous session's end. This change lagged the S&P 500's daily gain of 0.75%. On the other hand, the Dow registered a gain of 0.58%, and the technology-centric Nasdaq increased by 1%.The specialty chemicals company's shares have seen an increase of 22.58% over the last month, surpassing the Basic Materials sector's gain of 0.53% and the S&P 500's gain of 4.03%.The investment community will be closely monitoring the p ...

Key TakeawaysShares in lithium producer Albemarle will likely remain in focus on Thursday after a big jump yesterday that came after a key Chinese battery producer announced plans to reduce its lithium production levels, a move that could balance the metal’s supply-and-demand dynamics.The stock closed above the 50-day MA on the highest trading volume since early July, increasing the chances of a potential upside trend reversal.Amid follow-through buying, investors should monitor key levels on Albemarle's ch ...

Key TakeawaysAlbemarle stock jumped Wednesday following reports that Chinese battery producer CATL plans to scale back lithium production.Weakness in lithium prices has caused producers to reduce their workforce and abandon expansion projects.Slumping lithium prices have pressured shares of Albemarle, the largest producer of the metal. Shares of Albemarle (ALB), the world's largest lithium miner, rose more than 13% following reports that a key Chinese battery producer intends to reduce lithium production le ...

Today's development could help the lithium stock bottom out.Shares of lithium giant Albemarle (ALB 9.58%) skyrocketed this morning, surging 16.7% in early morning trading after an industry development triggered a buying frenzy in lithium stocks, which have seen significant value erosion in recent months. Albemarle stock was trading 10% higher as of 10:40 a.m. ET Wednesday.Why lithium prices could reboundAlbemarle stock is down 40% this year, even after factoring in today's gains. Oversupply concerns amid a ...

This miner has a much more diverse set of end-market demand drivers for its key metal.In many ways, lithium miner Albemarle (ALB -6.79%) and copper miner Freeport-McMoRan (FCX -6.59%) have a lot in common. Both are beneficiaries of the growth of electric vehicles, and both are mining metals that could rise in price due to an imbalance of demand over supply. That said, Freeport McMoRan is a better stock to buy. Here's why.Albemarle and Freeport-McMoRanThere's no debate over why the market has gotten excited ...

Albemarle Corporation (ALB) is benefiting from higher lithium volumes on project ramp-ups, capacity expansion and productivity actions amid challenges from lower lithium pricing and softness in the Specialties unit.ALB stock is down 55% over a year compared with a 7.8% decline of the industry. Image Source: Zacks Investment Research Let’s find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment. Lithium Project Expansion Actions & Productivity Aid AlbemarleAlbemarle is well-placed to ga ...