Quote:
Originally Posted by Nightfyre
I have done some DD on ALB and am considering going long there. I may share tomorrow.
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I've got some ALB, so I watch it. It's been down a fair bit from the peak, and I read an article that made no sense to me. Apparently they do a lot of business in lithium, and the articles was pessimistic about them, but with logic that I don't get. They said that demand for lithium is rising quickly since it's used in a lot of batteries and things, and it's rising quickly enough that the author thought that suppliers (of which Albemarle is a major one) would increase supply so rapidly that prices would fall.
Um, okay. A market leader is going to suffer because the demand for their product is going through the roof?