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Albemarle Corporation

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Maximus20000
ALB This financial market under the rule of the new President Trump is the caricature of a farce!?! A $4M fine for a company worth $9.5B causes a dramatic 9% drop in its stock price LOL. ALB just lose almost 800M market cap !!!!
dwestw01
ALB poor ALB, it keeps getting knocked down at the same range around $90. One day it will break through and rocket to $115!
ALB really nice pop out of that inverted H&S, but I wonder if it can keep grinding, with the broader market rolling over...
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ALB inverted H&S on the daily chart; $90 handle likely before year end imo
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dwestw01
ALB LFG ALB!! I believe you are a good company at heart, you just need a chance (higher lithium prices) to price yourself!! <3
ALB cup & handle on the daily chart. $90.7 likely, but facing a big test when we get there.
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ALB For me one of the main reasons to own lithium exposure was the incredible upside in the event of supply constraints. That bullish possibility has frankly speaking disappeared due to advancements in sodium ion batteries, and this all happened well before it was even necessary. Usually it's supply constraints that cause research into alternative materials but it seems they went ahead and capped the upside of lithium before it was even necessary by securing alternative materials.

I think this reality probably needs to be priced in, though it's not like lithium miners have exactly run up much yet. How much of previous highs was due to the large potential upside that is now capped much lower? Lithium miners should probably become much less volatile moving forward because the payout structure and risk reward has fundamentally changed.