Brine pools at the Albemarle Corp. Lithium mine in Calama, Antofagasta region, Chile,
|The global battery economy is the “new oil” and will reshape century-old supply chains while establishing a new industrial order, according to Morgan Stanley. Much of the attention surrounding electric vehicles focuses on the car companies themselves — Tesla, Lucid, Rivian, etc. — but there are many more ways for investors to capitalize on the burgeoning industry. |
Albemarle Corp. is one of them. The firm estimates that the total addressable market for EV batteries will hit $525 billion by 2040, amid a sharp jump in EV sales driven by technological advancements and supportive policies. ESG factors will also boost sales.