Lithium Leader Surges Over 2 Trillion Won in Just One Day

Leading lithium producer Albemarle Corporation (NYSE: ALB) saw its share price surge 8.13% on the New York Stock Exchange on June 11, closing at $159.19. This jump added about $1.66 billion (roughly KRW 2.3 trillion) to its market capitalization.

Albemarle’s total market value now stands at approximately $18.7 billion, equivalent to around KRW 26 trillion.

The stock had earlier rallied after Albemarle’s first-quarter 2026 results, announced on May 6, delivered earnings more than double market expectations, driven by a rebound in lithium prices and higher sales. (investing.com)

More recently, the company increased its public debt buyback program from $500 million to $650 million to accelerate balance-sheet improvement and manage interest expenses. (investing.com)

Headquartered in Charlotte, North Carolina, Albemarle is a specialty chemicals firm and one of the world’s largest producers of lithium used in electric-vehicle batteries. (kitco.com)

With lithium assets in Chile, Australia and elsewhere, Albemarle has attracted global investors as a long-term growth stock amid rising demand for electric vehicles and energy storage. (kitco.com)