RBC says lithium producer Albemarle should rally as electric vehicles boost demand
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On Tuesday, July 20, 2020, the Albemarle Corp. Lithium Mine in Calama (Antifagasta Region, Chile) will have brine pools.
Getty Images| Bloomberg | Getty Images
The combination of a rebound in the lithium price and an acceleration in world demand for electric vehicles will boost chemical companies. AlbemarleRBC sent a note Tuesday to its clients confirming that the stock was upgraded to an outperform rating.
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