ALB

Albemarle Corporation

research_scan theme='materials-supply'; value_chain_position='pure-play'; Included as the bear-case-of-the-light-tier calibration entry: lithium spot collapsed from ~$80k/t (Q4 2022) to ~$10-12k/t (2025) under Chinese/Indonesian oversupply, forcing deferred capex. Reference point for the theme's light-tier vs heavy/strategic-tier bifurcation — ALB earnings compression is the empirical validation that Layer-1 mining is *not* uniformly regime-coherent.