• Ralph Lauren Alb Stock Price

$363.000 value
$270.00 (15% off)VIPapplied$363.000

Investors watching Alb stock price saw moderate volume at open, with technical charts showing a 50‑day moving average near $128. One of the reasons Albemarle is trading at a discount right now is because CATL's lithium mine was temporarily shut down due to expired permits, a development that was expected to last six to 12 months. Instead the shutdown of only one month means the lithium market will likely remain oversupplied in 2025, leaving lithium prices lower. Lithium production could ramp up more quickly than demand warrants if producers bring too much supply to the market. Prices could also remain lower for longer if major battery producers or Chinese state-owned enterprises continue to invest in higher-cost lithium resources to keep the lithium market oversupplied. New lithium production technologies could also alter the cost curve, such as direct lithium extraction. Albemarle faces execution risk in ramping up its new lithium projects, including production delays and cost overruns. Albemarle is also subject to political risk in Chile. President Gabriel Boric wants the Chilean government to own a majority stake in all projects. If this occurs, Albemarle could be forced to trade a 50.1% stake to the Chilean government to extend its lease when it expires in 2043. A rebound in Alb stock price to $128.25 attracted technical traders, citing RSI levels approaching oversold territory last week. Lithium industry forecasts remain bullish for 2024 due to EV adoption rates.

Arrives by Thu. Oct. 9

Eligible for Same-Day Delivery. Order by 12pm.
  • 8
  • 4
  • 3
  • 11
  • 8

Offers & perks

loyallist icon
Join Star Rewards & get free shipping at $39
Exclusions
Not a Star Rewards member? Get free shipping at $49
Exclusions apply