Lithium names cut at Deutsche Bank with valuations fully priced, lack of catalysts

Deutsche Bank downgrades Albemarle, Lithium Argentina and SQM, citing projected surplus in the lithium market, hindering near-term prospects.

By: Seeking Alpha

Jan 23 2024
8
202 Views

Albemarle (NYSE:ALB) -2.7%, Lithium Argentina (LAAC) -2.4% and SQM (SQM) -0.6% in Thursday's trading as Deutsche Bank downgraded both lithium producers to Hold from Buy, forecasting a structural surplus in the lithium market in the coming years befor... [965 chars]

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