Albemarle soars to nearly three-year high as lithium rebound sparks momentum
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Albemarle (ALB) surged 16.3% to its highest close since July 2023, driven by a rebound in global lithium prices, which have risen ~40% YTD due to increased electric vehicle demand and supply constraints. Battery-grade lithium carbonate prices have stabilized between $20K-$24K/ton after hitting lows of $9K-10K/ton in 2025. Albemarle forecasts 15%-40% growth in lithium demand by 2026, supported by cost-reduction initiatives expected to yield $150 million in productivity improvements. Other lithium stocks also saw gains, including Sigma Lithium (SGML) and Lithium Argentina (LAR).
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