CNBC Pro

Albemarle pops after Livent breathed new life into lithium rally

Brine pools at the Albemarle Corp. Lithium mine in Calama, Antofagasta region, Chile, on Tuesday, July 20, 2021.
Cristobal Olivares | Bloomberg | Getty Images

Shares of lithium producer Albemarle surged 13% Thursday after the company's first-quarter earnings got a big boost from surging lithium prices. Albemarle also raised its forward guidance, with lithium prices expected to remain elevated amid heightened demand for electric vehicles.

More In Future of Energy

CNBC ProFirst Solar jumps as Piper Sandler upgrades the stock, cites strong volume and pricing
CNBC ProWells Fargo double downgrades Ford and GM, says 2022 could be 'peak profits' for legacy automakers
CNBC ProRaymond James upgrades Clean Energy Fuel Corp., says alternative fuels could bounce back