Albemarle advances as lithium prices power Q3 sales beat
** World's largest lithium producer Albemarle's ALB.N shares rise 3.3% to $98.09 premarket
** Co posts Q3 adj. EPS of $2.58, topping analysts' expectations of $2.54, according to data compiled by LSEG
** Q3 net sales rise to $1.55 bln, compared with estimate of $1.52 bln
** Co says Q3 sales growth was primarily driven by higher lithium prices in its Energy Storage segment
** Global lithium demand has risen 48% year to date through August, driven by EVs and energy storage, supporting confidence in the industry's long-term outlook, CEO Kent Masters says
** Average rating of 11 out of 24 analysts is "buy", 5 "strong buy" and 8 "hold"; their median PT is $155 - LSEG
** Up to last close, stock fell 32.9% YTD