Lithium stocks have experienced a massive sell-off in the past year because of a slow-down in EV adoption and an increasing supply outweighing the demand for lithium. As a result, the rout in lithium has provided investors with a good opportunity to get into some of the major lithium stocks at a discount.
Albemarle Corporation (ALB) is one of the largest players in the Lithium space and the stock price has seen a massive influx of investors in the past 4 weeks. This shows that the first bottom is at play and the stocks will push higher from their November lows.
However, due to the anticipated economic slowdown, EV sales are not looking promising and the stock is expected to report weaker Q4 earnings.
This is a stock we are looking into adding to our portfolio.
Albemarle Corporation (ALB) is one of the largest players in the Lithium space and the stock price has seen a massive influx of investors in the past 4 weeks. This shows that the first bottom is at play and the stocks will push higher from their November lows.
However, due to the anticipated economic slowdown, EV sales are not looking promising and the stock is expected to report weaker Q4 earnings.
This is a stock we are looking into adding to our portfolio.