With sky-high demand for electric vehicles, and all things green, lithium will remain a hot commodity. For one, supply can’t keep up with demand. And despite what Goldman Sachs or Bank of America have said about a surplus, they’re wrong. Two, according to Stellantis CEO Carlos Tavares, there’s not enough lithium to go around.
That’s great news for rebounding shares of Albemarle (ALB), which could run even more on sky-high demand for lithium, and low supply. Helping, Citi analysts just initiated a buy rating on the lithium stock thanks to stabilizing lithium prices and EV demand. UBS analysts also just upgraded the stock to a buy rating, with a price target of $225. E
ven Benchmark just said ALB is the best “growth opportunity.” All with ALB sales expected to grow about 12% a year between now and 2025, with EV growth and all things green.