Albemarle Stock Slides Along With the Price of Lithium
Albemarle(ALB) Investopedia·2024-08-13 02:41
Key TakeawaysAlbemarle was the biggest loser on the S&P 500 in intraday trading Monday as tumbling lithium prices continue to weigh on the company's business.The world's biggest lithium producer reported an almost 40% year-over-year revenue decline and a $188 million loss in its most recent quarterly results.CEO Kent Masters has called on Western governments to act to weaken China's grip on the lithium market. Albemarle (ALB) was the worst-performing stock in the S&P 500 in intraday trading Monday as the wo ...