2024-06-10 05:46:59 ET
Summary
- Albemarle, a low-cost lithium producer, represents a promising investment due to the growing demand for lithium batteries in the electric vehicle market.
- The 2023-24 bust in lithium prices may have opened a cyclical bottom for investors to buy, with a lower-than-normal long-term valuation on shares.
- Improving technical trading momentum indicates a bottom has been reached or will be later in 2024.
I continue to believe anyone who is forecasting large electric vehicle [EV] growth over the next decade, should also weight the pros and cons of owning the fully integrated, low-cost lithium producer Albemarle ( ALB ) in portfolio construction. Lithium batteries appear to have a stranglehold on the EV market that will be hard to break, absent a revolutionary energy storage breakthrough. Lithium is highly conductive with an extraordinarily light weight for a metal (the lightest metal on the periodic table, a chemical element with an atomic number of 3, next to hydrogen and helium gases). It's a one-two punch for auto usage attractiveness other battery technologies cannot touch....
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Albemarle: Growth At A Reasonable Price Winner