Look at Albemarle Corporation (ALB): Our Recent Downgrade

CFRA Research has recently downgraded Albemarle (ALB) from a "buy" rating to a "sell." Senior Equity Research Analyst Emily Nasseff Mitsch highlights several key concerns in this analysis recording. These include the potential reduction of EV tax credits, declining lithium prices, and geopolitical tensions with China, where ALB has significant operations. Lithium prices, critical to Albemarle's business, have decreased due to oversupply and a slowdown in electric vehicle adoption in both the U.S. and Europe.