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Motley Fool
Why Lithium Americas, Livent, and Albemarle Stocks Fell Sharply on Tuesday
Tuesday is turning into a miserable day to own lithium stocks, as shares of Lithium Americas (NYSE: LAC), Livent (NYSE: LTHM), and Albemarle (NYSE: ALB) tumble in response to a negative report on lithium prospects from mining stock analysts at Goldman Sachs. As of 11:15 a.m. ET, Lithium Americas shares are down 3.5%, Livent is off 6.2%, and Albemarle is leading the whole sector lower with an 8.4% loss. Let’s start with the good news: According to Goldman Sachs, demand growth for lithium over the past few years has been “massive.”
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