Investors watched electric vehicle (EV) stocks rise monumentally through the pandemic only to taper off as the realities facing the sector continue to take shape. Slump considered, it’s fair to conclude that electric vehicles are here to stay — as well as the cheap lithium stocks whose products are key to EV manufacturing. In fact, a recent statistic points to the fact that EVs now comprise more than 5% of the automotive market share. That’s an important number because to many, it represents something of a tipping point. That means EVs are likely to be a permanent fixture in the automotive industry regardless of individual opinion. That brings us to lithium, a dominant material in the manufacturing of electric vehicles. Given that EVs are here to stay, lithium stocks are pick-and-shovel investments worth considering. Let’s jump into the equities in the sector that have upside and strong market positions. LAC Lithium Americas Company $28.72 SLI Standard Lithium $5.90 ALB Albemarle $246.
According to Benzinga Pro, during Q2, Albemarle (NYSE: ALB ) earned $440.59 million, a 56.49% increase from the preceding quarter. Albemarle also posted a total of $1.48 billion in sales, a 31.21% increase since Q1. Albemarle earned $281.55 million, and sales totaled $1.13 billion in Q1. Why Is ROCE Significant? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company''s ROCE. A higher ROCE is generally representative of successful growth of … Full story available on Benzinga.com
The U.S. is scrambling to secure domestic supply chains for critical minerals, and Albemarle, which runs the only lithium mine in the U.S., says there''s one thing the…
The U.S. is scrambling to secure domestic supply chains for critical minerals, and Albemarle, which runs the only lithium mine in the U.S., says there''s one thing the government should do.
Albemarle is a cash machine at current lithium prices. Read why ALB is no worse than fairly valued with plenty of upside if lithium prices fall more slowly.
ALB earnings call for the period ending June 30, 2022.
Albemarle Corporation (NYSE:NYSE:ALB) Q2 2022 Earnings Conference Call Aug 4, 2022 9:00 AM ET Company Participants Meredith Bandy - Vice President of Investor Relations and Sustainability…
Albemarle had another fantastic quarter and raised again its guidance for the full year. Lithium reported much higher pricing and volumes.
(Thursday Market Open) The Bank of England (BoE) raised its key lending rate by 50 basis points, its biggest hike in 27 years. Potential Market Movers The BoE, unlike the Federal Reserve, is expressing strong concerns about a potential recession. It also emphasized that it could be battling inflation for some time. In reaction to the news, the British pound strengthened against the U.S. dollar in the spot market and the London FTSE 100 was up 0.56% before the U.S. markets opened. U.S. investors are trying to make sense of the weekly EIA inventories report that showed an unexpected increase in crude oil and gasoline. While the news is helping push oil and gas prices lower, this new reading on lack of demand raises concerns over the strength of the U.S. economy as consumers appear to be staying closer to home. Adding to the economic picture, initial jobless claims came in a little higher than expected at 260,000, just above the forecasted 259,000. The Challenger Job Cut report showed that layoffs have increased 36.3% year-over-year but at a lower rate than the previous month.
By Ernest Scheyder (Reuters) -Albemarle Corp, the world’s largest producer of lithium for electric vehicle batteries, raised its annual forecast on Wednesday and reported a better-than-expected quarterly profit after it renegotiated supply contracts for the metal at higher prices.
Apple, tech titans and ARK-style growth stocks led a risk-on market rally. Albemarle was among earnings movers near buy points.
Albemarle (NYSE: ALB ) reported its Q2 earnings results on Wednesday, August 3, 2022 at 04:00 PM. Here''s what investors need to know about the announcement. Earnings Albemarle beat estimated earnings by 7.81%, reporting an EPS of $3.45 versus an estimate of $3.2. Revenue was up $706.10 million from the same period last … Full story available on Benzinga.com
Albemarle (ALB) is scheduled to announce Q2 earnings results on Wednesday, August 3rd, after market close.The consensus EPS Estimate is $3.23 (+262.9% Y/Y) and the consensus…
Lithium stocks erupted after Q1 results. What will the Q2 reporting period hold for Livent and Albemarle?
Albemarle Corporation (ALB)’s stock is trading at $233.95 at the moment marking a fall of -0.15% from the last session close. As of this writing, shares are priced at -19.74% less than their 52-week high of $291.48, and 37.67% over their 52-week low of $169.93. Based on the past 30-day period, the stock price is […]
Albemarle is a solid pick for anyone interested in a more mature EV supply chain stock. But see why we rate ALB stock as a Hold.
Petrochemical & Refining Catalysts Market 2022-2028 New Jersey, NJ -- ( SBWIRE ) -- 07/25/2022 -- The Latest research study released by HTF MI "Petrochemical & Refining Catalysts Market" with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Some of the Major Companies covered in this Research are BASF, W.R. Grace, Sinopec, CNPC, Hcpect, Johnson Matthey, DowChemicals, Rezel Catalysts Corporation, Albemarle, Shell, JGC C&C, Haldor Topsoe, Honeywell UOP, Axens & Clariant etc. Click here for free sample + related graphs of the report @: https://www.htfmarketreport.com/sample-report/4082357-petrochemical-refining-catalysts-market Browse market information, tables and figures extent in-depth TOC on "Petrochemical & Refining Catalysts Market by Application (Petroleum Refining & Petrochemical), by Product Type (, FCC Catalysts, Hydrogenation Catalysts, Dehydrogenation Catalysts, Polymerization Catalysts & Others), Business scope, Manufacturing and Outlook – Estimate to 2027". for more information or any query mail at firstname.lastname@example.org At last, all parts of the Petrochemical & Refining Catalysts Market are quantitatively also subjectively valued to think about the Global just as regional market equally.
Electric vehicle stocks have been on the rise in recent years. However, there is a lot of uncertainty surrounding these stocks because of the overall market volatility. Electric cars are becoming more popular because of the benefits that they offer. They have a smaller carbon footprint than gas-powered cars and use less energy. However, they must be charged by plugging them into a wall outlet. As the world embraces electric vehicles, the stocks of companies dedicated to this industry are starting to surge. There are many reasons for this, including a push for cleaner energy sources and regulations limiting internal combustion engines in some places. 5 Electric Vehicle Stocks to Buy on the Dip Unfortunately, due to soaring inflation , rising interest rates and global supply chain issues , the growth story for electric vehicles is taking a backseat. Despite this, new investors are still seeking opportunities, and companies are developing new products. However, if you are an investor that does not want to take on a lot of risks and wants some income for your troubles, it is better to invest in electric vehicle stocks that pay dividends.
Albemarle Corporation with ticker code (ALB) now have 20 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 368 and 135 and has a mean target at 274.65. Now with the previous closing price of 225.6 this is indicating there is a potential upside of 21.7%. The 50 day moving average now sits at 224.65 while the 200 day moving average is 225.95. The company has a market cap of $25,936m. Company Website: https://www.albemarle.com [stock_market_widget type="chart" template="basic" color="green" assets="ALB" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $31,575m based on the market concensus. Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties; and reagents, such as butyllithium and lithium aluminum hydride for use in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers for car tires, rubber soles, plastic bottles, catalysts for chemical reactions, organic synthesis processes in the areas of steroid chemistry and vitamins, life sciences, pharmaceutical industry, and other markets.
Albemarle (NYSE: ALB ) has outperformed the market over the past 20 years by 6.98% on an annualized basis producing an average annual return of 14.57%. Currently, Albemarle has a market capitalization of $25.98 billion. Buying $100 In ALB: If an … Full story available on Benzinga.com
Axalta Coating Systems (AXTA), FMC Corp. (FMC) and Albemarle (ALB) are upgraded at KeyBanc on Wednesday, which said it expects U.S
Senate Democrats are working hard to pass a new budget before Congress’ nearly month-long recess which begins on Aug. 6. The senators have made significant progress on the legislation. Since the budget will probably include provisions to spur greater adoption of clean energy and electric vehicles (EVs) , the best stocks to buy that could surge as an outcome of this legislation are names within those two sectors. According to The Hill , the Supreme Court’s recent ruling curbing the ability of government agencies to fight climate change has increased the pressure on Senate Democrats to pass a budget deal that promotes the use of clean energy and EVs. Meanwhile, the senators have reportedly reached a deal on reforms that will lower prescription drug costs, increasing the chances that some sort of budget will pass. Given the fact that many of the Democrats’ most ardent supporters are very concerned about climate change, any such legislation will probably include new tax breaks for clean-energy producers. 7 Best Long-Term Dividend Stocks to Buy Right Now To take part in this likely development, here are seven good stocks to buy: Ticker Company Price SPWR SunPower Corporation $16.51 JKS JinkoSolar Holding Co., Lyd. $64.18 TAN Invesco Solar ETF $71.87 LIT Global X Lithium & Battery Tech ETF $71.68 PLUG Plug Power Inc. $16.52 DAR Darling Ingredients Inc. $59.53 GM General Motors Company $32.78 Stocks to Buy: SunPower (SPWR) Source: via SunPower This company sells solar panels and electricity-storage solutions to consumers.
Albemarle (NYSE:ALB) declares $0.395/share quarterly dividend, in line with previous.Forward yield 0.78%Payable Oct. 3; for shareholders of record Sept. 16; ex-div Sept.
Albemarle Corporation found using ticker (ALB) have now 20 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 368 and 135 with the average target price sitting at 274.65. With the stocks previous close at 196.66 this indicates there is a potential upside of 39.7%. The 50 day moving average now sits at 225.76 while the 200 day moving average is 226.01. The company has a market cap of $23,505m. Company Website: https://www.albemarle.com [stock_market_widget type="chart" template="basic" color="green" assets="ALB" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $32,826m based on the market concensus. Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties; and reagents, such as butyllithium and lithium aluminum hydride for use in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers for car tires, rubber soles, plastic bottles, catalysts for chemical reactions, organic synthesis processes in the areas of steroid chemistry and vitamins, life sciences, pharmaceutical industry, and other markets.
Major players in the bromine market are ICL Group Limited , Albemarle Corporation, LANXESS AG, Tosoh Corporation, TATA Chemicals Ltd. , Gulf Resources Inc. , Solaris Chemtech, Honeywell International Inc. Major players in the bromine market are ICL Group Limited , Albemarle Corporation, LANXESS AG, Tosoh Corporation, TATA Chemicals Ltd. , Gulf Resources Inc. , Solaris Chemtech, Honeywell International Inc.
If history is any guide, there may be good fortune ahead for shares of Albemarle (NYSE: ALB ). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock. What To Know: Many traders use moving average crossover systems to make their decisions. When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term … Full story available on Benzinga.com
Albemarle Corporation (NYSE: ALB ) and a number of other stocks … Full story available on Benzinga.com
CHARLOTTE, N.C., July 7, 2022 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it will release its second-quarter 2022 earnings after the NYSE closes on Wednesday, August 3, 2022. The company will hold its…
There are many compelling reasons to invest in the best green energy stocks in July, or in any other month. According to Investopedia , one of the big reasons is a global push toward “Net Zero carbon emissions” by the year 2050. Much of the world is transitioning away from fossil fuels and toward energy sources that emit less carbon. And in order for the world to reach that net-zero goal, we’re going to have to make changes in how we power things. For one, current data suggest that investment in renewables will need to triple in order for the net-zero emissions goal to be met. That strongly implies that the recent push for greener energy sources is more than just a fad. Secular trends in energy use and the push for greener sources will continue in the coming years and decades. That means that the stocks and companies listed above should continue to perform well over the longer term. 7 Best Large-Cap Stocks to Buy in July 2022 And in the shorter term, these best green energy stocks are also likely to receive increasing attraction as the war in Ukraine continues to affect gas and oil prices.
Albemarle (ALB) urges the U.S. government to cut red tape to acceleratea buildout of a domestic supply chain for lithium and other materials needed for batteries,electric vehicles…
Executive of top lithium miner says it’s vital the US government help miners by making it easier to bring domestic battery metals to market.
Albemarle is a leading supplier of lithium and lithium products. See why ALB stock remains one of our favorite ideas within the specialty chemicals space.
Albemarle (ALB) said on Monday it plans to build a lithium processing plant in the U.S
PHOENIX — Albemarle Corp plans to build a lithium processing plant in the United States that would produce as much of the electric vehicle battery metal as the entire company produces today, a bullish bet on America’s all-electric future, an executive said on Monday. The plan reflects Albemarle’s emerging strategy to lead the U.S. lithium […]
Albemarle (ALB) is initiated with an Underperform rating and $185 price target at Credit Suisse, which cites 150% YTD gains in spot lithium prices to $50K/ton, "well above the high end…
Goldman Sachs just made lithium stocks even more attractive. Just days ago, the firm said that lithium prices could fall about 10% this year, and as much as 73% next year. But they’re wrong. For one, as noted by Bloomberg , “Benchmark disputes Goldman’s forecast that a flood of new production is on its way, and that prices will crater as a result.” Benchmark also says the lithium market will remain short until 2025. Moreover, Bloomberg also noted that “Matt Fernley, the London-based managing director at Battery Materials Review, an industry researcher, said the sell side reports are ‘massively over-estimating’ the ease of adding new supply, and failing to consider the complexity of bringing new assets into production and the qualification requirements.” Meanwhile, Time Magazine contributor Emily Barone added that “[w]hile the Earth has plenty of lithium to go around, the supply needs to be extracted from brine pools and underground reserves, and current mining operations aren’t sufficient to keep up with the auto industry’s growing needs.” So, if you believe lithium prices are coming down soon, I have a bridge to sell you.
Investors who are looking for stocks to buy and hold for two years should seek to purchase the shares of profitable companies. Such investors should also try to find names that are poised to exploit very strong trends over the next 24 months. Meanwhile, I continue to believe that many other commentators are significantly overstating the risk of a recession. As I explained in a previous column, consumers’ high savings level and the strong job market should keep consumer spending elevated, preventing a recession. Finally, there has been a great deal of commentary about the ways in which the current economic environment resembles the 1970s. But there are also many similarities with 199 4, when the Federal Reserve carried out rapid rate hikes. As in 1994, we are currently around two years removed from an economic downturn, we’re in the midst of major technological improvements, and we have a major, positive macro economic catalyst. Ironically, the major macro catalyst then was globalization, while now it’s the construction of many factories in the U.S.
Albemarle (NYSE: ALB ) has outperformed the market over the past 10 years by 3.09% on an annualized basis producing an average annual return of 14.38%. Currently, Albemarle has a market capitalization of $25.99 billion. Buying $100 In ALB: If an … Full story available on Benzinga.com
FN Media Group Presents Microsmallcap.com Market Commentary NEW YORK , June 23, 2022 /PRNewswire/ -- Canada has partnered with the United States and other countries to secure the supply of critical raw materials that will fuel the green energy transition. The Minerals Security Partnership (MSP), which was announced last week at the Prospectors & Developers Association of Canada (PDAC) convention, aims to bolster critical minerals supply chains to counter China''s dominance in the sector. The Minerals Security Partnership, in addition to Canada and the US, includes Australia , Finland , France , Germany , Japan , South Korea , Sweden , the UK and the European Commission. According to the World Bank , production of minerals such as lithium, graphite, and cobalt could increase by nearly 500% by 2050 to meet the growing demand for clean energy technologies. As a result, lithium producers such as E3 Lithium (TSXV: ETMC ), Lithium Americas Corp (TSX: LAC ) (NYSE: LAC ), Albemarle Corporation (NYSE: ALB ), Standard Lithium Ltd. (TSXV: SLI ) (NYSEAmerican:SLI), and Lake Resources (OTCQB: LLKKF ) will have to increase their lithium production to meet demand.
Albemarle has upwards revised its revenue guidance twice and is now expecting to grow its revenues by more than 80% y/y in 2022. See why I rate ALB stock a buy.
Top investment bank Goldman Sachs believes that the bull market for lithium is over. The bank sees prices on a downward trajectory for the next couple of years, with a substantial correction from today’s levels. Moreover, it is of the view that today’s lithium prices are a “fundamental mispricing [that] has, in turn, generated an outsized supply response well ahead of the demand trend in focus.” Consequently, the report led to a selloff in lithium stocks with massive losses across the board. 7 Tempting Tech Stocks to Pull the Trigger on Now It is imperative to understand that the macro-economic elements weakening the outlook on stocks will subside at some point. However, with lower demand, the demand for materials needed, including lithium, is dropping at an incredible pace. Therefore, here are seven lithium stocks you should probably avoid now. PLL Piedmont Lithium $49.27 CBAT CBAK Energy Technology $1.03 SLI Standard Lithium $3.9 LIACF American Lithium $1.415 TSLA Tesla $628.84 ALB Albemarle Corporation $199.33 SQM Sociedad Quimica y Minera de Chile $87.57 Piedmont Lithium (PLL) Source: GrAl / Shutterstock.com Piedmont Lithium (NASDAQ: PLL ) aims to become an integrated lithium producer but might wind up being nothing more of a lithium processor.
Someone with a lot of money to spend has taken a bullish stance on Albemarle (NYSE: ALB ). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don''t know. But when something this big happens with ALB, it often means somebody knows something is about to happen. So how do we know what this whale just did? Today, Benzinga ''s options scanner spotted 22 uncommon options trades for Albemarle. This isn''t normal. The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish. Out of all of the special options we uncovered, 20 are puts, for a total amount of $925,088, and 2 are calls, for a total amount of $65,703. What''s The Price Target? Taking into account the Volume and … Full story available on Benzinga.com
(Kitco News) - Albemarle (NYSE: ALB), one of the largest lithium producers in the world, yesterday inaugurated its third chemical conversion plant, La Negra III/IV, in Antofagasta, Chile, as one of the most modern chemical conversion plants in Latin America.
Issuer: Goldinvest Consulting GmbH / Key word(s): Miscellaneous/Drilling Result Usha Resources scoops up lithium salar close to the only producing U.S. lithium mine (Albemarle) 13.06.2022 / 06:49 The issuer is solely responsible for the content of this announcement. Usha Resources scoops up lithium salar close to the
Major Lithium Producer Could Shut German Plant Over EU Rule Authored by Tsvetana Paraskova via OilPrice.com, Lithium producer Albemarle could be forced to close its plant in Germany if the European Union classifies the key mineral lithium as a hazardous substance that would change the way lithium is processed and stored , the company’s chief financial officer has told Reuters . The European Commission is currently reviewing and assessing a proposal from the European Chemicals Agency (ECHA) to classify lithium carbonate, lithium chloride, and lithium hydroxide as substances hazardous to human health. An EU committee is meeting early next month to discuss the proposal, while a final decision on the issue is expected toward the end of this year or early next year. If the EU decides to include the lithium chemicals in the hazardous category, it would deal a blow to its own goals of becoming self-sufficient in batteries this decade and significantly raise the share of electric vehicles on the roads.
Albemarle (NYSE: ALB ) has outperformed the market over the past 20 years by 7.66% on an annualized basis producing an average annual return of 14.78%. Currently, Albemarle has a market capitalization of $29.73 billion. Buying $1000 In ALB: If an … Full story available on Benzinga.com
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