|Bid||265.00 x 1000|
|Ask||269.87 x 800|
|Day's range||262.84 - 269.68|
|52-week range||130.76 - 291.48|
|Beta (5Y monthly)||1.60|
|PE ratio (TTM)||143.01|
|Earnings date||15 Feb 2022 - 21 Feb 2022|
|Forward dividend & yield||1.56 (0.58%)|
|Ex-dividend date||16 Dec 2021|
|1y target est||262.90|
Why should you invest in lithium stocks? According to Albemarle's (NYSE: ALB) latest investor presentation, global demand for lithium carbonate equivalent (LCE) is projected to grow more than eightfold from just about 0.3 million metric tons in 2020 to 2.5 million metric tons by 2030, driven almost entirely by demand for battery-grade lithium. LCE is the standard unit of measurement in the lithium industry, and Albemarle is the world's largest lithium mining company.
EV makers have seen their share prices rocket in 2021, and smart investors are now putting their bets on battery metal miners instead
Electric vehicles are the future. In a report dated Nov. 10 and prepared for the big United Nations climate conference that just concluded in Glasgow, BloombergNEF projects annual EV sales to hit 5.6 million in 2021, up from 3.1 million in 2020.