Crisis has become an opportunity for beaten-down lithium stocks. For one, according to Exxon Mobil (NYSE:XOM), “the world urgently needs more lithium than it’s producing today.” Two, we’re just starting to see electric vehicle sales bounce back. In fact, according to Kelley Blue Book, about 330,460 EVs were sold in the U.S. just in the second quarter. With those numbers likely to increase even more, far more lithium will be needed. InvestorPlace - Stock Market News, Stock Advice & Trading Tips I
Albemarle (ALB) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
With growing demand for all things green, it’s time to buy the weakness in lithium stocks. Exxon Mobil (NYSE:XOM), for example, just said lithium demand will grow. “What we’re seeing right now in lithium is the sentiment is bearish, says Exxon’s lithium global business manager, Patrick Howarth, as quoted by Bloomberg. “But underlying that is a demand growth story for EVs and the lithium-ion batteries that go into EVs. We know the world urgently needs more lithium than it’s producing today.” With