Why Lithium Stock Albemarle Soared 17.3% in September
Shares of Albemarle (NYSE: ALB), which is the world's biggest producer of lithium and what I consider to be one of the three best lithium stocks for most investors, jumped 17.3% in September, according to data from S&P Global Market Intelligence. For context, the S&P 500 returned 2.1% in the month.
The specialty chemical company's stock has returned a whopping 60.6% so far in 2017, through Oct. 3, crushing the S&P 500's 14.9% return over this period.
The growing popularity of electric vehicles is "driving" demand for lithium to make lithium-ion batteries. Image source: Getty Images.
Source: Fool.com
Albemarle Corp Stock
€83.91
0.010%
The stock is one of the favorites of our community with 28 Buy predictions and 4 Sell predictions.
As a result the target price of 165 € shows a very positive potential of 96.64% compared to the current price of 83.91 € for Albemarle Corp.
