For a sector play, we do not think it is too early. The theme is likely to last decades. Of course there will be shorter term volatility, but the overall demand/supply scenario looks pretty good to us. While CCO looks decent and has done well this year, the choice here of the two is more strategic. Uranium we think has a future, and CCO is a leader, but it has not been that great of a company. For example, it has used significant hedges which has lowered its profits materially. ALB is more closely tied to lithium, and we think of the two sectors lithium looks better today. ALB offers an OK valuation, decent balance sheet, a small dividend and very strong expected earnings growth. In the sector, there are much smaller and riskier plays, but for a large cap stock ALB would be our choice here.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in ALB.