Albemarle Corporation’s (ALB) shares have gained 13.7% in the past week, outperforming the Zacks Chemical - Diversified industry’s rise of 3.2%. The rally has been largely driven by the recent reports that a major lithium producer from China is planning to cut production, raising hopes of a rebound in lithium prices, which have been going downhill amid rising supply after peaking in 2022. Technical indicators show that ALB has been consistently trading below the 200-day simple moving average (SMA) since Jul ...