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What's Going With Albemarle Shares Today

Albemarle Corporation (NYSE:ALB) shares are trading higher on Wednesday. The company reportedly intends to conduct additional auctions for lithium, the metal used in electric vehicle batteries. This move aims to enhance price transparency and foster a clearer understanding of the typically opaque market, reported Reuters. The company also expects to strengthen supply contracts with automakers eager for a stable and consistent supply. As per the report, despite lithium’s surge in popularity over the past decade, confusing futures pricing from market leader China has obscured a clear global reference point for its price. The issue became particularly pronounced when Chinese prices plummeted last year, ...