Bargain Hunting in Lithium Stocks: Is Albemarle Still a Screaming Buy After Its Big Acquisition Fell Through?

By Jason Hall and Tyler Crowe – Oct 31, 2023 at 9:27AM

NYSE: ALB

Albemarle

Market Cap

$14B

Today's Change

(1.65%) $1.90

Current Price

$116.88

Price as of April 26, 2024, 4:00 p.m. ET

It depends on what it does to replace its pipeline of lithium to produce -- and how much it pays.

Motley Fool contributors Jason Hall and Tyler Crowe recently took a look at Albemarle (ALB 1.65%) and said that its deal to acquire Liontown Resources (LINR.F -4.06%) -- which has since been called off -- could make it a screaming buy. In this follow-up, they discuss what happened with that deal, and everything that's happened in the two weeks since that investors need to know before buying shares.

*Stock prices used were from the morning of Oct. 30, 2023. The video was published on Oct. 31, 2023.

Jason Hall has no position in any of the stocks mentioned. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.