Truist Says Lithium Demand Could Drive Albemarle Corporation (ALB) Growth

Group 1 - Truist Securities reaffirmed a Buy rating on Albemarle Corporation (NYSE:ALB) with a price target of $210, citing resilient lithium pricing and robust demand growth, particularly in electric vehicles and grid-based storage markets [1][2] - Albemarle Corporation is recognized as a global leader in specialty chemicals, particularly in lithium and bromine, which are essential materials for modern technology [3] - The company recently completed the sale of a controlling investment in Ketjen Corporation's refining catalyst solutions division to KPS Capital Partners while retaining a minority interest [2] Group 2 - The current market conditions suggest that Albemarle Corporation is well-positioned for growth, with expectations that demand will exceed supply projections in the near to medium term [1][2]