We’ve touched US-listed ALB a few times this year as we’ve now got a vested interest in the company. They recently raised $2bn, highlighting the sector’s issues, but it created strong support for the stock around $US110. We are initially looking for a further 20% bounce by the world’s largest lithium company by both production and market cap ~$US15bn
- We purchased ALB in February, and the position is tracking nicely. Our first target is ~$US150 – MM, which is a long ALB in our International Companies Portfolio.
MM is long and bullish toward ALB US
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