The new agreement with Ford will provide Albemarle with a stable and significant customer for its battery-grade lithium hydroxide, supporting the company's growth in the expanding EV market. This partnership is likely to have a positive impact on ALB's stock price in the short term.

The agreement with Albemarle ensures a stable supply of battery-grade lithium hydroxide for Ford, which is crucial for the company's EV production growth plans. This partnership is likely to have a positive impact on Ford's stock price in the short term as it demonstrates the company's commitment to expanding its EV offerings.