Albemarle Stock Has Been on a Hot Run. Wall Street Doesn’t See the Rally Lasting.

The outlook for lithium miners isn’t what it once was. Coming into Thursday trading, shares of lithium miners Albemarle and SQM were both up roughly 25% in August. There isn’t any mystery why: Chinese electric-vehicle battery maker Contemporary Amperex Technology Ltd, better known as CATL, idled a large lithium mine, helping restore supply and demand balance to the industry.

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