Loop Capital analyst Christopher Kapsch kept his Buy rating and $130 price target on Albemarle, saying his takeaway from the conversations with the management ahead of the start of the Lithium Supply and Markets industrial conference suggests that the demand for the company's products could surprise to the upside. The analyst adds that his other discussions with industry players indicate that the "downstream conversion portion of the supply chain" should be in focus as it shows constraint in "satisfying the needs of key battery manufacturers addressing the EV market."