Albemarle: Now It's Really Time To Look At Lithium (Rating Upgrade)

Lithium has likely bottomed after a brutal selloff, with supply cuts and project halts setting the stage for a multi-year recovery. Albemarle is financially resilient, has cut costs, and trades near book value, offering a compelling risk/reward for contrarian investors. Supply/demand dynamics are improving, and lithium demand remains a secular trend, though macroeconomic and regulatory risks persist.