On June 25, Greengro reported that the world's largest lithium producer, Albemarle (ALB.US), fell more than 2.1% to $94.37 per share. The stock has fallen more than 34% so far this year. In terms of news, on June 19, at Albemarle's latest auction in the US, the winning bid fell 6.9% from the previous auction on June 5. In the past year, lithium prices have fallen by more than 80%. According to current data, there is no sign of a turnaround in 2024. Although prices briefly stabilized earlier this year, the supply chain is still struggling to digest inventory, and buyers are generally waiting and watching. Susan Zou, an analyst at Rystad Energy, pointed out that rising lithium production and lower summer demand are suppressing prices. In addition, Piper Sandler cut Albemarle's target price from $122 to $95 and maintained a "shareholding" rating.