Albemarle Stock Hits 52-Week High On China Tax Rebate Shift

Benzinga_recent_news01-13

Albemarle Corp (NYSE:ALB) jumped to a new 52-week high on Monday after Reuters reported that China will gradually remove value-added tax rebates on exports of battery products, including lithium-based...

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Here’s what investors need to know.\nUnder the new rules described by Reuters, refund rates on many battery-related exports will be reduced from 9% to 6% for part of 2026, before being scrapped entirely at the start of 2027. That effectively raises the tax burden for Chinese producers and could lift the floor under global battery prices.\nReuters said benchmark lithium carbonate contracts in China climbed about 9% and touched their highest level since late 2023 after the tax changes were announced, as traders anticipated a wave of shipments before the policy kicks in and tighter supply conditions later on. \nA more supportive price environment is positive for upstream suppliers such as Albemarle.\nAlbemarle is one of the world's largest producers of lithium chemicals used in electric-vehicle batteries and energy-storage systems, as well as a supplier of bromine and specialty chemicals. Higher benchmark lithium prices, as described by Reuters, typically flow through to Albemarle's contract realizations with a lag, supporting revenue and margins. \nThe prospect of reduced tax support for Chinese exporters could also enhance the relative competitiveness of non-Chinese suppliers. Together, these dynamics helped fuel Monday's rally in ALB shares as investors repriced the company's earnings power in a tighter, higher-price lithium market.\nThe stock is currently trading 18% above its 20-day simple moving average (SMA) and 61.1% above its 100-day SMA, demonstrating strong momentum. Over the past 12 months, shares have increased approximately 85.04%, and they are currently positioned closer to their 52-week highs than lows.\nThe RSI is at 72.35, indicating that the stock is in overbought territory, which could suggest a potential pullback. Meanwhile, MACD is above its signal line, reinforcing the bullish outlook for the stock.\nThe combination of an overbought RSI and bullish MACD suggests that while the stock is experiencing strong momentum, it may be due for a correction.\nInvestors are looking ahead to the next earnings report on Feb. 11.\nAnalyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $125.53. Recent analyst moves include:\nBelow is the Benzinga Edge scorecard for Albemarle Corporation, highlighting its strengths and weaknesses compared to the broader market:\nThe Verdict: Albemarle Corporation’s Benzinga Edge signal reveals a classic “High-Flyer: setup. While the Momentum (95.98) confirms the strong trend, the extremely low Value (0.59) score warns that the stock is priced for perfection—investors should ride the trend but use tight stop-losses.\nSignificance: Because ALB carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.\nALB Price Action: Albemarle shares closed Monday up 4.98% at $169.33. Shares were slightly up during after-hours trading, according to Benzinga Pro data.\nImage: Shutterstock\nThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2603529425","isCrawlerRequest":true}