RTTNews | Jul 12, 2021 11:44AM EDT

11:44 Monday, July 12, 2021 (RTTNews.com) - One of the leaders in the Lithium-battery research and specialty chemicals company, North Carolina-based battery manufacturing company, Albemarle Corporation (ALB), is up 8% in the Monday market. The company is yet to publish any news to boost its shares.

The recent focus on electronic vehicles by almost all of the major motor vehicle manufacturing companies means that the requirement for batteries will go sky-high in the coming years. Foreseeing that the company has recently opened another lab in North Carolina to speed up the manufacturing of lithium products.

Currently, the shares are trading hands at $190.41, up $14.90 or 8.49% from their previous close at $175.51. The shares opened at $176.71 in the morning and in the 52-week period, the shares have moved between $79.06 and $176.71.

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