Albemarle dives on UBS' sell rating

Shares of lithium miner Albemarle ALB.N down 4.15% at $71.18 in morning trading

UBS downgrades stock rating to "sell" from "neutral" and trims PT to $57 from $64

UBS says lithium supply and demand remains unfavorable with less cost curve support
Brokerages expects the lithium supply surplus to persist through 2026 and expects the market to tighten through 2027

ALB can't leverage potential supply at lower pricing, UBS says

10 of 28 brokerages rate stock "buy" or higher, 15 "hold" and three "sell" or lower; their median PT is $75 - data compiled by LSEG

Stock down ~17% YTD