Albemarle Corporation (NYSE:ALB) traded today at a new 52-week high of $198.33. Approximately 824,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.
Albemarle Corporation share prices have moved between a 52-week high of $198.33 and a 52-week low of $79.06 and are now trading 144% above that low price at $192.52 per share.
There is potential upside of 2.2% for shares of Albemarle Corporation based on a current price of $192.52 and an average consensus analyst price target of $196.77.
Albemarle is the world’s largest lithium producer. Our outlook for robust lithium demand is predicated upon increased demand for electric vehicle batteries. Albemarle produces lithium from its salt brine deposits in Chile and the U.S. and its hard rock joint venture mines in Australia. Albemarle is also a global leader in the production of bromine, used in flame retardants. The company is also a major producer of oil refining catalysts.
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