Why Lithium Stocks Albemarle, Livent, and Lithium Americas All Crashed Today

·3-min read
Why Lithium Stocks Albemarle, Livent, and Lithium Americas All Crashed Today

Heading into Q1, analysts had forecast that the lithium metals miner would earn $0.80 per share (pro forma) in Q1 on sales of just $757.7 million. As it turned out, though, when Albemarle reported its numbers last night, the company earned $1.10 per share (38% better than expected) on sales of $829.3 million (9% better than expected). Why are its peer producers of the lithium needed for electric car batteries, Lithium Americas (NYSE: LAC) and Livent (NYSE: LTHM), also down -- 9.2% and 9.6%, respectively?

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