Albemarle Corporation ALB shares rose Monday in conjunction with other lithium stocks following strong delivery numbers from several EV makers.
What To Know: Tesla was one of the EV makers which produced better-than-expected second-quarter delivery numbers. Other EV companies turning in strong delivery numbers included Rivian and Nio.
Lithium is a critical element in EV batteries. Strong delivery numbers in EV stocks helped spark a rise in lithium stocks on Monday.
Other lithium stocks that caught a boost on the news included Lithium Americas Corp. LAC, which closed Monday up 4.83% at $20.40, and Livent Corporation LTHM, which closed up 2.88% at $28.22.
Related Link: Why Marathon Digital Holdings Stock Popped Today
ALB Price Action: Shares of ALB closed Monday up 2.51% at $228.70, according to Benzinga Pro.
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