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Why Albemarle Slumped 20% in December

Peter Neil
Why Albemarle Slumped 20% in December

Albemarle (ALB), the world’s largest producer of lithium, fell 20% in December and underperformed the broader market S&P 500 (SPY), which declined by 9.2%. The continued tussle with the Chilean government about production quotas, pricing, and the environmental authority of Chile’s refusal to provide a license has delayed progress in Chile. The latest development suggests that Chile is likely to delay the arbitration with ALB in expectation of a new offer to be in compliance with the 2016 contract.