What's Going On With Albemarle Stock Recently?

Albemarle Corporation ALB stock is trading higher Thursday. Despite the gains, the stock has had a rough few months. Here's a look at the details.
 

What To Know: Shares of the stock are down 20.43% over the past three months. In early September, lithium stocks such as Albemarle trended lower, with weakness in the sector named as the reason.

However, it was recently noted that demand is still increasing for the lithium mining market, which is expected to grow to $516 million in 2028. Albemarle also issued strong 2023 guidance following its second-quarter earnings report in early August, another optimistic indication for the company.

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ALB Price Action: Shares of ALB were up 5.99% at $172.37 at the time of publication, according to Benzinga Pro.

Image by Khusen Rustamov from Pixabay