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Albermarle Corp (ALB US) $US50.76

The impact of Trump’s tariffs was huge overnight, with ALB surging over +19%, albeit from a low base. In February, this $US7bn Li goliath company announced it could generate breakeven free cash flow in 2025 without lithium prices rising, positioning it well if/when Li prices can recover some of their deep losses. The stocks plunged on Tuesday following the news that the US will move ahead with its 104% tariff on Chinese imports hindered by more than 30% of its sales from Asia, but as we saw this morning, it can bounce even harder – this morning’s move was the stocks largest ever percentage gain.

MM is cautiously bullish towards ALB
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Albermarle Corp (ALB US)
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