Lithium price surge puts Albemarle stock back in play before the open
Albemarle shares rose 0.6% to $159.20 in premarket trading Friday after Baird upgraded the stock and raised its price target to $210, citing higher lithium prices. Spot battery-grade lithium carbonate in China jumped 6,000 yuan to 133,500 yuan on Jan. 7, while futures briefly hit 147,000 yuan. Jefferies also lifted its Albemarle target to $167 earlier this week. Peers traded mixed ahead of Friday’s U.S. jobs report.