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Why Lithium Stocks Albemarle, Livent, and Lithium Americas All Crashed Today

Rich Smith, The Motley Fool
·3 min read
Why Lithium Stocks Albemarle, Livent, and Lithium Americas All Crashed Today

Heading into Q1, analysts had forecast that the lithium metals miner would earn $0.80 per share (pro forma) in Q1 on sales of just $757.7 million. As it turned out, though, when Albemarle reported its numbers last night, the company earned $1.10 per share (38% better than expected) on sales of $829.3 million (9% better than expected). Why are its peer producers of the lithium needed for electric car batteries, Lithium Americas (NYSE: LAC) and Livent (NYSE: LTHM), also down -- 9.2% and 9.6%, respectively?

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