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Albemarle Stock Is Jumping After Upgrade. Lithium Pricing Is Bottoming.

Albemarle Stock Is Jumping After Upgrade. Lithium Pricing Is Bottoming.

BofA Securities analyst Steve Byrne upgraded shares of Albemarle to Buy from Hold on Wednesday. Albemarle stock was down 1.1% in midday trading, at $127.71, while the and were both down about 1.1%. Rapid capacity expansion combined with slowing EV demand growth has hammered benchmark prices.