The 3 Best Battery Stocks to Buy in August 2024
ALBAlbemarle(ALB) Investor Place·2024-08-06 23:27

Betting on the best battery stocks could yield superb gains thanks to rapid cost reductions and market adaptation.Between 2018 and 2022, China shored up on lithium to enhance its battery production capacity, leading to massive stockpiling. This overproduction led to a major supply-demand imbalance and a major price spike over the past couple of years.However, rapid cost reductions drive market growth, particularly in new applications such as static energy storage, beyond the dominant EV sphere. With major c ...