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Big news overnight concerning the huge lithium miner Albemarle Corp (ALB-us). Stock price tumbles -20% after huge increase in capital costs was announced in their recent qrtly report. Production met guidance, sales beat guidance but capital expenditure went through the roof.

All is not perfect for lithium producers even with the booming lithium prices.

btw: The lithium ETF (LIT.us) holds 12.2% ALB and is it's largest holding. This price shock knocked LIT down a peg as well.

[QUOTE="peter2, post: 1161606, member: 13908"] Big news overnight concerning the huge lithium miner Albemarle Corp ([B]ALB[/B]-us). Stock price tumbles -20% after huge increase in capital costs was announced in their recent qrtly report. Production met guidance, sales beat guidance but capital expenditure went through the roof. All is not perfect for lithium producers even with the booming lithium prices. btw: The lithium ETF ([B]LIT[/B].us) holds 12.2% [B]ALB[/B] and is it's largest holding. This price shock knocked [B]LIT[/B] down a peg as well. [/QUOTE]

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