Albemarle Corp. engages in the development, manufacturing, and marketing of chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, transportation, pharmaceuticals, crop production, food safety, and custom chemistry services, specializing in Lithium and its production.
With the decline in Lithium prices over the last several years and what appeared to be a drop off in consumer demand for electric vehicles, Albemarle, along with many other lithium producers experienced substantial declines in the their stock prices, with ALB declining almost 80% from its all-time-high just a few years ago.
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