5 Best Lithium and Phosphate Stocks to Buy Now

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In this article, we discuss the 5 best lithium and phosphate stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Lithium and Phosphate Stocks to Buy Now.

5. Albemarle Corporation (NYSE: ALB)

Number of Hedge Fund Holders: 31     

Albemarle Corporation (NYSE: ALB) makes and sells specialty chemicals. It is headquartered in North Carolina and is ranked fifth on our list of 10 best lithium and phosphate stocks to buy now. Some of the lithium compounds it sells include lithium carbonate, lithium hydroxide, lithium chloride, and lithium aluminum hydride, among others. The company beat market expectations on earnings per share and revenue for the second quarter. It has a market cap of more than $26 billion and posted $3 billion in revenue last year. 

On August 6, investment advisory BMO Capital maintained an Outperform rating on Albemarle Corporation (NYSE: ALB) stock and raised the price target to $250 from $205, noting that the firm could double lithium volume by 2025. 

At the end of the first quarter of 2021, 31 hedge funds in the database of Insider Monkey held stakes worth $262 million in Albemarle Corporation (NYSE: ALB), up from 21 the preceding quarter worth $126 million.

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