Albemarle Corp. (NYSE:ALB) saw a 7% jump in its stock price on Monday, closing at $80.76, following news of a lithium price surge due to a major player suspending mining operations in China. The Chinese firm, CATL, halted operations at a lithium mine amid an expired permit. This suspension could impact global supply, with the site alone producing over 46,000 metric tons of lithium carbonate equivalent annually. ALB’s COO, Netha Johnson, has stepped down, with Mark Mummert taking over. While ALB shows potential, some believe AI stocks offer higher returns with limited risk.

Read more at Yahoo Finance: Albemarle (ALB) Jumps 7% on Expected Lithium Price Jump