Tag: $Albermarle

Shares of lithium miner Albemarle are falling because the company is raising more capital, and shareholders are wary of the potential dilution.

Lithium miner Albemarle posted a solid end to the year, but shares are falling anyway. Lithium prices are down a lot, and investors want to know where the bottom is before jumping back into lithium stocks.

Albermarle Corp. announced Wednesday cost-cutting actions, including job cuts, in an effort to boost cash flow as a result of changing market conditions, particularly in the lithium value chain.

Sometimes the fourth time is a charm. Lithium-mining giant Albemarle  +0.78%  looks like it’s close to acquiring Australian lithium miner Liontown Resources –2.46% . The deal will expand Albemarle’s lithium production to help meet the world’s growing appetite for electric vehicles.