Albemarle stock price posted a modest gain, closing at $123. Dividend stocks are an incredibly popular option among investors, especially those looking for a steady income or to reinvest dividends to enable the power of compounding . Generally, these dividend stocks are more stable businesses, financially mature, and are often fairly valued. NYSE:ALB is one of my key assets in the stock portfolio. I believe that the price of this stock is highly related to the resource price and cycles. I expect massive upside because of the potential rise in lithium demand. Moreover, new EVs, robots, drones, and next-gen gadgets all need lithium.
Pri Hedge funds reportedly increased positions, citing Albemarle’s diversified lithium sourcing as a competitive advantage amid geopolitical risks.
