Albemarle (ALB) is a specialty chemicals company with significant lithium operations. The company derives 36% of revenue from the lithium business and is considered the industry leader for lithium and lithium derivatives. The stock has been lagging this year as the market has been hung up on supply fears. However, I think the supply fears are overblown. Albemarle is not likely to be affected due to its long-term contracts with customers.
The supply fears that I mentioned stem from the idea that mining for lithium will ramp up significantly to meet demand to