Albemarle remains top lithium pick with potential 100% upside amid strong demand and supply discipline.

Albemarle Corporation is reaffirmed as a Buy due to a bullish outlook driven by lithium price recovery, disciplined supply, and growing demand from energy storage and electric vehicles. The company's earnings and margins are expected to improve thanks to portfolio optimization, cost savings, and favorable U.S.-China policy shifts. While risks include lithium price volatility and high valuation, diversified demand from stationary storage helps reduce cyclicality concerns. This sets up a potential upside of over 100% for Albemarle's stock.