How things turn on a dime. ALB up 5%. Fickle bunch.
Article from *, about the UBS backflip. Inventories low, who would have guessed.
https://unauthorised investment advice/news/it-wasnt-before-but-nows-the-time-to-buy-albemarle-shares-says-ubs/
Norris says destocking in China played a big role in the falling spot market, with some battery and cathode inventories now at under a week of consumption.“Clearly not in the long run, a level that’s sustainable for sustained operation,” he told analysts on a conference call.
Good News & Bad News, page-29058
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