The world's biggest lithium company Albemarle

May 19 09:55
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The world's biggest lithium company Albemarle $Albemarle(ALB.US)$ could be due for a rally as it's in 'oversold' territory.

In the past 12 months, the stock crossed below this level, 7 times and then rose an average of 13% in the next 20 days (Bloomberg).

I think its revenue could likely hit a record this year, as EV makers that it sells to, such as Ford$Ford Motor(F.US)$, Merc $MERCEDES-BENZ GROUP AG(MBGAF.US)$, Tesla $Tesla(TSLA.US)$, Kia, Hyundai, VW, and GM $General Motors(GM.US)$ are ramping up production, while lithium 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.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. Read more

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