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Why Albemarle Stock Bounced Off Lows This Week

Neha Chamaria, The Motley Fool
·2-min read
Why Albemarle Stock Bounced Off Lows This Week

After falling consistently in recent months, Albemarle (NYSE: ALB) stock reversed course this week and was trading up 10% as of 10 a.m. ET Friday, according to data provided by S&P Global Market Intelligence. Bumper numbers from Albemarle and lithium prices rebounding after a steep recent fall proved to be the perfect catalysts for investors to hit the buy button. Lithium carbonate prices hit 19-month lows on April 24 on oversupply concerns and fears of declining electric vehicle (EV) sales.

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