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News  ›  Benzinga

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

Benzinga Logo Benzinga By Henry Khederian
Albemarle Stock Hits 52-Week High On China Tax Rebate Shift

Albemarle (ALB) surged to a 52-week high after China announced plans to gradually eliminate value-added tax rebates on battery exports, reducing refund rates from 9% to 6% in 2026 before complete removal in 2027. This policy shift is expected to raise costs for Chinese producers, support global lithium prices, and enhance competitiveness for non-Chinese suppliers like Albemarle. Lithium carbonate prices climbed 9% following the announcement.

Insights
ALB   positive

Stock hit 52-week high with 4.98% gain on Monday. China's tax rebate removal increases global lithium prices and enhances competitiveness of non-Chinese suppliers. Higher benchmark lithium prices support revenue and margins. Strong momentum indicators (MACD bullish) support positive outlook, though RSI at 72.35 suggests potential near-term correction.