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Barchart
Barchart
Pathikrit Bose

Down 42% YTD, Is It Time to Buy the Dip in This Dividend Aristocrat?

ALB Albemarle lithium Bank of America

The importance of lithium (LMQ24) in the electric vehicle (EV) value chain cannot be overstated. With widespread applications in developing EV batteries, the lithium market is projected to reach a staggering $134 billion by 2032, a huge jump from $27 billion in 2024. This represents a healthy CAGR of 22.1% between now and then.

So, given these robust growth forecasts, investing in lithium-related stocks should be a winning strategy, right? Well, a massive oversupply in the lithium industry has pressured prices significantly over the past 18 months, with Bank of America halving its lithium price forecasts earlier this year. 

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