Two stocks could rally as demand for lithium in China improves, according to Keybanc. Analyst Aleksey Yefremov upgraded chemical manufacturers Livent and Albemarle to overweight from sector weight. Both upgrades were connected to improving demand for lithium in China after a downturn that started in November.
Outside of electric vehicles, demand remains strong for lithium, with Yefremov pointing to the nearly 200% stationary shortage grow in the first quarter. He said the supply and demand outlook should be "balanced" over the next year, which can help keep prices at current levels. Livent remains on track for expanding its lithium offerings, which Yefremov said can help volume in future years.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오: