The world's biggest lithium company Albemarle ALB could be due for a rally as it's in 'oversold' territory

The world's biggest lithium company Albemarle $Albemarle(ALB.US)$ could be due for a rally as it's in 'oversold' territory.

I think its revenue could likely hit a record this year, as EV makers that its sells to, such as Ford $Ford Motor(F.US)$, Merc $MERCEDES-BENZ GROUP AG(MBGAF.US)$, Tesla $Tesla(TSLA.US)$, Kia, Hyundai, VW, GM $General Motors(GM.US)$ are ramping up production, while liithium orders are also expected to increase from the likes of other Albemarle customers, such as battery giant CATL.

Consensus estimates also suggest Albemarle $Albemarle(ALB.US)$ shares could lift 37% YoY. Its PE is 5.9 times.