Here's Why Albemarle Stock Slumped by 34% in the First Half of 2024
Albemarle(ALB) The Motley Fool·2024-07-16 21:00
Investors are concerned about the fall in the price of the metal and the future demand/supply situation.After a 33.4% decline in the stock price in 2023, lithium miner Albemarle (ALB -2.43%) investors were hopeful that 2024 would bring better performance. However, the stock has continued to slide this year, with a 33.9% decline in the first half of the year, according to data provided by S&P Global Market Intelligence. It's a move as much about a deterioration in sentiment as it is about the decline in the ...