AllAnalyst Report
logoMorningstarAugust 08, 2022

Albemarle Corporation: Inflation Reduction Act Will Keep Lithium Prices High; LAC and Albemarle Top Picks

Symbols
ALB
Sector(s)
Basic Materials
Rating
Current Price
$111.80
Fair Value
Economic Moat
Stewardship
Summary

Albemarle is the world's largest lithium producer. Our outlook for robust lithium demand is predicated upon increased demand for electric vehicle batteries. Albemarle produces lithium from its salt brine deposits in Chile and the U.S. and its hard rock joint venture mines in Australia. Albemarle is also a global leader in the pr

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Analyst Profile

Seth Goldstein

Equity Analyst
Seth Goldstein, CFA, is an equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers agriculture, chemicals, copper, and lithium companies in the basic-materials sector. Goldstein is also the Chair of Morningstar's Electric Vehicle Committee.Prior to assuming his current role in 2017, Goldstein was an associate equity analyst covering the basic-materials sector. Before joining Morningstar, Goldstein was a senior financial analyst for Oasis Financial, a financial analyst for Berkshire Hathaway Energy, and a field operations supervisor for the U.S. Census Bureau.Goldstein holds a bachelor's degree in journalism from Ohio University and a master's degree in business administration, with a concentration in finance, from the University of Iowa. He also holds the Chartered Financial Analyst® designation.