Here is some cut and paste on "Lithium Companies" which may...

Here is some cut and paste on "Lithium Companies" which may inspire more confidence in this stock now


2 - Albermarle (NYSE:ALB)

Albermarle (NYSE:ALB) is not a pure play among lithium stocks. The specialty chemicals maker doesn’t mine lithium but it does play a key role in the next stage of the chain. Albemarle works with lithium salts to produce lithium compounds such as lithium carbonate, lithium hydroxide, and lithium chloride on its global production sites. Both lithium carbonate and lithium hydroxide are components of lithium-ion batteries that are currently the standard for electric vehicles.

ALB stock had a nice run to enter 2020. Like the rest of the market it sold sharply at the onset of the pandemic. But since then the gain in the stock has been spectacular. And most of that gain has come since the election.

Albermarle is not a small company. With a market cap of $17.87 billion, it’s an established, global company. The company belongs to the exclusive Dividend Aristocrat club having increased its dividend for the last 27 years.

About Albemarle
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. The company operates in three segments: Lithium, Bromine Specialties, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and value-added lithium specialties, as well as reagents, such as butyllithium and lithium aluminum hydride for applications in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers for car tires, rubber soles, plastic bottles, catalysts for chemical reactions, organic synthesis processes, life science, pharmaceutical, and other markets. READ MORE

Current Price: $147.00
Consensus Rating: Hold
Ratings Breakdown: 8 Buy Ratings, 8 Hold Ratings, 5 Sell Ratings.
Consensus Price Target: $119.36 (18.8% Downside)