5 Lithium Stocks Billionaires Are Loading Up On

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1. Albemarle Corporation (NYSE:ALB)

Number of Hedge Fund Holders: 41

Number of Billionaire Investors: 12

Albemarle Corporation (NYSE:ALB) specializes in the development, manufacturing, and marketing of engineered specialty chemicals. It operates through three segments – Lithium, Bromine, and Catalysts. The Lithium segment focuses on lithium compounds used in applications such as lithium batteries, greases, tires, plastics, catalysts, and pharmaceuticals, among others. Albemarle Corporation (NYSE:ALB) is one of the top lithium stocks that billionaires are loading up on. In Q1 2023, 12 billionaires, including Ray Dalio of Bridgewater Associates, were bullish on the stock. 

On May 2, Albemarle Corporation (NYSE:ALB) declared a quarterly dividend of $0.40 per share, in line with previous. The dividend is payable on July 3, to shareholders of record on June 16. 

According to Insider Monkey’s first quarter database, 41 hedge funds were long Albemarle Corporation (NYSE:ALB), compared to 46 funds in the earlier quarter. 

Carillon Tower Advisors made the following comment about Albemarle Corporation (NYSE:ALB) in its Q4 2022 investor letter:

“Albemarle Corporation (NYSE:ALB) is a global specialty chemicals company with leading positions in lithium, bromine, and refining catalysts. The stock gave back some of its recent gains amid investor concerns about how the future price of lithium could be affected by a potential decelerating rate of growth in overall electric vehicle (EV) production and demand, primarily in China. Despite these potential near-term headwinds, longer-term the global lithium market remains tight, and Albemarle plays a critical role in the battery value chain and remains well-positioned for the overall continued global adoption of EVs.”

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