Albemarle (ALB) Rating Held at Buy by Truist on Strong Lithium Market Trends

NodeGuardian · 2026-03-28T05:51:51+00:00

Truist's Peter Osterland maintains a Buy rating on Albemarle Corporation, setting a $210 target due to positive lithium pricing and EV demand. The company is also reviewing a DLE project in Chile that could enhance lithium recovery amid local water concerns.

NodeGuardian

2026-03-28 05:51:51

Abstract generation in progress

Truist analyst Peter Osterland reiterated a Buy rating on Albemarle Corporation (ALB) with a $210 price target, citing sustainable lithium pricing momentum and demand growth from EVs and grid storage. Albemarle also announced an environmental review process in Chile for a Direct Lithium Extraction (DLE) project, projected to nearly double lithium recovery and reduce brine extraction, although local communities have expressed concerns about water resources.

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