Albemarle Responds to Plummeting Lithium Prices With Dramatic Cuts: Will it Be Enough to Save ALB?

By |2024-01-17T17:26:10+00:00January 17th, 2024|Categories: Feature: Stock Market Investing, Featured: News, Stocks in the News|Tags: , , , , , |

Albemarle (ALB) dropped more than 3% to start Wednesday’s trading session after announcing its efforts to cut costs in response to plummeting lithium prices. Shares have since recovered and are now down just over 1%. The American chemicals manufacturing company is on a mission to lower its costs by nearly $100 million annually, and [...]