Albemarle Corporation (NYSE:ALB) and a number of other stocks in the lithium sector gained ground recently, not only because the S&P 500 experienced a bullish reaction to the release of the Federal Reserve's monthly minutes, where the Fed raised the benchmark interest rate by 0.75% for a second month in a row.
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk took to Twitter Inc (NYSE:TWTR) on July 13 to post that “lithium batteries are the new oil.”
