Lithium Stocks Could Be A Buy As Rally Stalls ...Middle East

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Lithium Stocks Could Be A Buy As Rally Stalls
source : OILPRICE ( Middle East ) () 18
After a furious rally that saw prices climb 500%, a two-year buying frenzy in the lithium market is showing signs of cooling off as the huge EV wave especially in China moderates. Consequently, leading lithium stocks have been selling off quite heavily: Albemarle Corp. (NYSE: ALB) is down 13.0% over the last five trading sessions; SQM (NYSE: SQM) has cratered 16.7%, Livent Corp. (NYSE: LTHM) is down 15.1% while Lithium Americas (NYSE: LAC) has contracted 9.0% over the timeframe. Of the lithium majors, only FMC Corp. (NYSE: FMC) has escaped that…

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