🔴 Albemarle Corp is trading 4.1% down today on lithium demand concerns and leadership changes

Albemarle Corp is trading 4.1% down at $149.15 following a sharp multi-day slide driven by weaker sentiment on lithium demand and pricing.

• The stock has fallen over 15% since May 29 as investors reassess growth expectations for electric-vehicle battery materials.
• Shares are also reacting to the June 5 announcement that CFO Neal R. Sheorey will serve as interim Principal Accounting Officer following the retirement of the prior Chief Accounting Officer.