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Albemarle produces the elements required by batteries used in electric vehicles, whose production and prevalence has been increasing in China and other emerging market nations. In addition, ALB has emerging market exposure through its offices and operations in China and Chile.
In 2020, the single largest lithium provider for electric vehicle batteries. As the supply-side shortage continues and the increasingly promising prospective of EVs in developing countries such as China, we expect the business of ALB to thrive.
As the world heads for more EVs, lithium will be needed to create the batteries for these vehicles. The predominant companies obtaining lithium are large multinational companies. Albemarle has operations all over the world including Chile, giving it emerging market exposure.
Largest supplier of lithium batteries for electric vehicles. Emerging market exposure because it manufactures chemicals originating from emerging markets
ALB is a North Carolina based diversified chemicals and mining company with extensive lithium mining rights within Chile. ALB sells lithium through long term contracts. This creates a “smoothing” effect of ALBs earnings relative to lithium prices, allowing us to take advantage of high lithium prices today, while hedging ourselves against the potential volatility of lithium prices. - TK