Albemarle Corporation shares fell nearly 28% over the past three months. The stock underperformed both its industry peers and the S&P 500 index.
Falling lithium market prices drove the decline. Slowing electric vehicle demand in China and increased supply expectations pressured the commodity.
The stock has dropped below its 50-day moving average. It also remains below its 200-day simple moving average, signaling a bearish trend.
Long-term lithium demand remains strong due to electric vehicles and stationary energy storage. Albemarle remains well-positioned to benefit from these growth trends. Analysts are now evaluating if the depressed share price presents a strategic buying opportunity.