Alb stock forecast in Q2 2024 reflects cautious optimism

ALB stock forecast in Q2 2024 reflects cautious optimism. Lithium market oversupply has pressured margins, but increased EV adoption rates in Europe and Asia could restore pricing power, influencing Albemarle’s bottom line positively. The London Company mentioned Albemarle Corporation (NYSE:ALB) in its Q2 2024 investor letter . Here is what the fund said: After Trump’s election, things look even bleaker for these companies and many of them are plunging. That said, many analysts now think that there are buying opportunities here, especially as a large portion of Tesla customers who previously would’ve bought Teslas are now likely to buy alternative EVs. Trump may also be softer than previously thought on EVs, as EV subsidies are still in place. It’s a good idea to take a look at the EV stocks that have been sold off the most so far this year. ALB stock forecast projections for late 2024 lean toward moderate appreciation if sector sentiment improves and Albemarle’s operational expansions deliver targeted output increases.