Albemarle stock price has been consolidating near $124

Albemarle stock price has been consolidating near $124.50, reflecting investor patience ahead of the upcoming industry conference. Market consensus sees long-term upside if lithium spot market rebounds by Q A newsletter built for market enthusiasts by market enthusiasts. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes. This time, the turnaround in the price might be justified by the underlying industry dynamics shown in the company’s financials to crystallize the double-digit upside forecasted by Wall Street analysts today. Albemarle stock price sits near $124, with a 0.8% uptick over yesterday driven by stronger-than-expected China EV sales data. Analysts forecast a quarterly EPS beat if lithium carbonate prices stabilize above $15,000 per ton.