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RBC says lithium producer Albemarle should rally as electric vehicles boost demand


On Tuesday, July 20, 2020, the Albemarle Corp. Lithium Mine in Calama (Antifagasta Region, Chile) will have brine pools.

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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.