Truist Says Lithium Demand Could Drive Albemarle Corporation (ALB) Growth

Albemarle Corporation (NYSE:ALB) ranks among the best mineral stocks to invest in.

On March 4, Truist Securities reaffirmed its Buy rating on Albemarle Corporation (NYSE:ALB) and set a price target of $210. The firm stated that the recent upswing in lithium pricing appears resilient, with robust demand growth, especially across the electric car and grid-based storage markets, expected to surpass sector supply projections in the near to medium term.

Truist believes the current value will rise further since Albemarle Corporation (NYSE:ALB) has a fairly strong standing in a market that is showing signs of favorable inflection.

Furthermore, on March 2, the company stated that it had completed the sale of a controlling investment in Ketjen Corporation's refining catalyst solutions division to KPS Capital Partners, while keeping a minority interest.

Albemarle Corporation (NYSE:ALB) is a specialty chemicals company that operates as a global leader in providing essential materials for modern technology, particularly lithium and bromine.

While we acknowledge the potential of ALB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 10 Best Retirement Stocks to Buy According to Hedge Funds.

Disclosure: None. Follow Insider Monkey on Google News.