The Global Scramble for Lithium
NetworkNewsWire Editorial Coverage: Lithium stocks have rocketed over the last 12 months propelled by the unabated demand for lithium-ion (Li-ion) batteries. The world’s largest lithium producer, Albemarle Corp. (ALB), has delivered a 77% return over the last year. During the same period Sociedad Quimica y Minera de Chile (SQM) surged 150% and FMC Corp. (FMC) is up 95%. All three major producers trade near all-time highs but cracks are beginning to show. Respected investment bank, Baird, just downgraded Albemarle to neutral, stating that near-term execution is already priced into ALB’s stock and the shares are fully valued at current levels…