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Albemarle Stock Crashed Today — Is It a Buy?
With seemingly every car company on the planet working hard to bring a new electric vehicle model — or 30 new EV models — to market, you might think that right now would be an excellent time to be in the lithium business. After all, each of those electric vehicles is going to need a large rack of rechargeable batteries to run it, and since lithium is a key element in most of those batteries, it stands to reason that demand for the metal would be through the roof. Albemarle stock crashed by more than 18% at one point during the session, and the sell-off seems to be sticking for the most part, with the price still down about 17.6% as of 2:07 p.m. ET.
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