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RBC says this lithium producer should rally as electric vehicle boom boosts demand

Brine pools at the Albemarle Corp. Lithium mine in Calama, Antofagasta region, Chile, on Tuesday, July 20, 2021.
Cristobal Olivares | Bloomberg | Getty Images

A lithium price recovery coupled with an acceleration in global demand for electric vehicles should boost chemicals company Albemarle, RBC said Tuesday in a note to clients as it upgraded the stock to an outperform rating.

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