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Should You Buy Albemarle Stock After a 61% Rally in 3 Months
Albemarle Corporation (ALB) shares have surged 61% in three months due to strong earnings, increased lithium demand, and cost-cutting measures. Technical indicators show a bullish trend, and the company is expanding its lithium conversion capacity while benefiting from rising lithium prices. With strong financial health, consistent dividends, and positive earnings estimates, analysts recommend buying ALB stock, despite its premium valuation.