The financial markets are abuzz with significant movements in key sectors this week, as reports of a high-stakes White House visit by Intel's CEO sent its stock soaring, while production delays at a major Chinese mine ignited a rally among global lithium producers. These distinct events, though unrelated, underscore the
The financial markets are abuzz with a remarkable dual rally, as Bitcoin (BTC) edges closer to its all-time high and lithium producers, notably Albemarle (NYSE: ALB), experience a significant surge. This synchronized ascent, while seemingly disparate, reflects a complex interplay of institutional interest, regulatory shifts, and critical supply chain disruptions,
Albemarle Corp (NYSE: ALB) soared 10.57% while other lithium stocks Lithium Americas Corp (NYSE: LAC) and Sociedad Quimica y Minr de Chile SA (NYSE: SQM) climbed 9.32% and 7.39%, respectively, in premarket trading on Monday, amid hopes that the halt in operations at CATL's mine could potentially affect the global lithium supply and push up prices.
The three major indices were mostly flat in midday trading Wednesday with the S&P 500 and Nasdaq slightly under the flatline and the Dow Jones up 39 points.
SQM, the world's second-largest lithium producer, reported a steep drop in Q4 2024 profit due to declining lithium prices. Sales volume increased by 21%, but average price fell by over 64%.
U.S. stocks plunged Tuesday as President Donald Trump‘s tariffs on key trade partners came into effect, prompting retaliatory measures and intensifying global trade tensions.
Recently, after reporting its quarterly earnings, shares of Albemarle were slightly up in the after-hours to show investors that there's a new potential upside.
Max 155 characters: Lithium market remains oversupplied, prices low, but could help EV transition. Chinese dominance and US policy shifts also play a role.
A look at the moves made by Viking Fund management in the third quarter, including the exits and new stakes and fund's largest positions at the end of Q3.
