The shares of lithium producer Albemarle (NYSE:ALB) dropped about 9% yesterday to a multi-year low. ALB stock sank after two banks cut their price targets on the shares, citing the sharp decline of lithium prices. Although larger amounts of lithium are being used to power electric vehicle batteries, as global EV sales are increasing meaningfully, excess supplies of the metal have pushed down prices tremendously since late 2022.However, there are indications that lithium prices will rebound sharply in the lo ...