RE: what's causing the run up?Albermarle said recently they were expanding so Clayton Valley companies could be a takeover. Demand for lithium is strong along with trend in green tech.
All major auto companies are going electric and they need lithium. Joe Biden is green president so that's helping the stock price too. He just signed back on the Paris climate change accord or whatever it's callled.
PE is close to Tesla so they may in the hunt for local supply contracts too although I don't know that.