Albemarle’s lithium prowess questioned by analysts, dragging on shares
Albemarle Corp’s lithium business
– the world’s largest producer of the battery metal – is
overvalued and likely to be hampered by oversupply concerns for
the foreseeable future, JPMorgan analysts said on
Friday, pushing the company’s stock down more than 5%.
– the world’s largest producer of the battery metal – is
overvalued and likely to be hampered by oversupply concerns for
the foreseeable future, JPMorgan analysts said on
Friday, pushing the company’s stock down more than 5%.
Posted by Reuters
