This is why we have a lithium and graphite company speaking at our luncheons next week.
Recent report from RBC Capital Markets: "Lithium demand continues to meet and exceed high expectations. We believe supply/demand dynamics will remain supportive of a strong structural growth story over the next 3–5 years, which should continue to reward investors as ALB invests in the Lithium cycle. Investors could be over-estimating new supply ramps (lower-quality DSO competition may be a lesser threat) while under-estimating potential demand ramps (Europe/China, OEMs committing to EV's)."
RBC talking about Albemarle Corp (ALB): "Near-sighted investors may argue that the multiple is too high, but we believe the Lithium cycle is still in the early stages. ALB's No. 1 Lithium position, 50%+ growth in 2017, conservative 20%+ growth outlook for 2018, and high barriers to entry (in our view) justify the multiple, as ALB's Lithium business offers the most robust growth in our space. Technology, capacity expansions, and demand catalysts keep us invested."
Lithium and graphite are essential elements in the rechargeable battery market.