5 Best Mineral Stocks To Buy Now

4. Albemarle Corporation (NYSE:ALB)

Number of Hedge Fund Investors In Q3 2023: 37

Albemarle Corporation (NYSE:ALB) is a chemicals company that is best known for its crucial role in the lithium supply chain for batteries. The firm’s shares were under stress in November 2023 after investment bank UBS downgraded them to Neutral from Buy on the back of lower lithium prices.

As of this year’s third quarter, 37 out of the 910 hedge funds surveyed by Insider Monkey were the firm’s investors. Albemarle Corporation (NYSE:ALB)’s biggest hedge fund investor is Philippe Laffont’s Coatue Management due to its $100 million stake.

Follow Albemarle Corp (NYSE:ALB)