Albemarle Corporation: Don't Let Short Term Pain Distract From Long-Term Gain
Albemarle(ALB) Seeking Alpha·2024-08-12 21:43
Just_Super 2024 is not shaping up to be a good year for Albemarle Corporation (NYSE:ALB). Year to date, shares of the company are down an astonishing 42.2%. That is woefully poor compared to the broader market. This drawdown is not random - it is very much based on the company's short-term performance. Recently, lithium prices have tanked. Even though the company has seen a nice rise in volume associated with its products, that drop in price has resulted in significant pain for the company and its inves ...