Albemarle ALB

Albemarle Corporation has experienced a remarkable surge in its stock price, rising over 139.5% in the past year as demand for lithium continues to grow. With expectations of a 10-20% annual demand increase through 2030, the company is expanding its lithium hydroxide conversion capacity while implementing cost-saving measures. Despite facing potential market volatility, Albemarle maintains strong financial resilience, emphasizing shareholder returns with a commitment to dividends amidst a broader trend where investors are gravitating toward stable dividend stocks. Factors such as a likely Federal Reserve rate cut also play into the current market landscape.