Wall Street Favorites: 3 Battery Stocks With Strong Buy Ratings for June 2024
ALBAlbemarle(ALB) Investor Place·2024-06-18 18:40

Battery stocks have been battered over recent months. Falling lithium prices due to oversupply, subdued demand in China and lackluster sales figures from the electric vehicle (EV) market have all contributed to the rare earth mineral’s plummeting price. According to Koyfin, the price of lithium carbonate has fallen 68.8% over the past 12 months. While there was somewhat of a recovery in Q1 of 2024, it appears prices are back in free fall.Despite this big of macroeconomic news not being good for the overall ...