Albemarle: Speculative And Dependent On Lithium Prices [Seeking Alpha]
Albemarle Corporation (ALB)
Last albemarle corporation earnings: 2/19 04:15 pm
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US:NYSE Investor Relations:
investors.albemarle.com
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Source: Seeking Alpha
Play 9min Summary Albemarle's shares have plummeted 60% over the past year due to a significant drop in lithium prices. The company has shifted focus to lithium, overshadowing other segments, but faces challenges with high capital expenditures and lack of current profitability. Signals of production cuts by low-cost producers and potential EV demand recovery could spark a turnaround for Albemarle's shares. Looking for a helping hand in the market? Members of Value In Corporate Events get exclusive ideas and guidance to navigate any climate. Learn More » BJP7images/iStock via Getty Images In the summer of last year, I believed that shares of Albemarle ( NYSE: ALB started to look attractive. Lithium prices were cut in half (after an enormous run higher) and seemed to benefit from some stabilization at the time. Ever since, lithium prices have collapsed further, pulling shares of Albemarle down alongside. This means that the situation is quite dismal, with the company
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News
- Is Albemarle Corporation (ALB) the Best Battery Stock to Buy According to Analysts? [Yahoo! Finance]Yahoo! Finance
- Chile Pinpoints New Lithium Areas for Private-Sector Development [BNN Bloomberg (Canada)]BNN Bloomberg
- Chile Pinpoints New Lithium Areas for Private-Sector Development [Yahoo! Finance]Yahoo! Finance
- Why Albemarle (ALB) Outpaced the Stock Market Today [Yahoo! Finance]Yahoo! Finance
- Flame The flame retardant chemicals market is projected to grow by USD 2.67 Billion from 2024-2028, with AI impacting trends and infrastructure development driving revenue - Technavio [Yahoo! Finance]Yahoo! Finance
ALB
Earnings
- 7/31/24 - Miss
ALB
Sec Filings
- 9/23/24 - Form SD
- 9/10/24 - Form SC
- 7/31/24 - Form 10-Q
- ALB's page on the SEC website