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Albemarle Corp ALB Stock Quote

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Inflation Reduction Act Will Keep Lithium Prices High; LAC and Albemarle Top Picks

Seth Goldstein, CFA Senior Equity Analyst

Analyst Note

| Seth Goldstein, CFA |

Lithium stocks rallied following the U.S. Senate's passing of the Inflation Reduction Act. The bill provides subsidies for electric vehicles and plug-in hybrids, as long as a minimum proportion of critical minerals, including lithium, comes from the U.S. or its free trade partners. We think this will benefit all lithium producers from increased demand, which should keep the market undersupplied for longer. However, this aligns with our current view that the lithium market will remain undersupplied throughout the rest of the decade, supporting prices well above the marginal cost of production.

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Key Statistics ALB

Company Profile ALB

Business Description

Albemarle is the world's largest lithium producer. Our outlook for robust lithium demand is predicated upon increased demand for electric vehicle batteries. Albemarle produces lithium from its salt brine deposits in Chile and the U.S. and its hard rock joint venture mines in Australia. Albemarle is also a global leader in the production of bromine, used in flame retardants. The company is also a major producer of oil refining catalysts.

4250 Congress Street, Suite 900
Charlotte, NC, 28209
T +1 980 299-5700
Industry Specialty Chemicals
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 6,000

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