Albemarle: Troubles Persist, Best To Stay Away [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
7min Summary Albemarle Corporation, a leader in lithium mining, faces challenges as lithium prices have plunged, impacting revenue and profitability. The company has negative margins and generates negative Free Cash Flow, with Working Capital Changes temporarily masking deeper financial issues. Management is optimistic, targeting $300-$400 million in cost reductions and a 50% cut in 2025 capital expenditures, but remains vague on the 2025 outlook. I maintain a STRONG SELL rating due to ongoing negative Free Cash Flow and reliance on unsustainable Working Capital Changes for short-term gains. Abstract Aerial Art/DigitalVision via Getty Images Company Overview Albemarle Corporation ( NYSE: ALB ) is the world's leader in lithium mining, with its main assets located in Australia and Chile. Its main customer is the lithium batteries industry, which is used for energy storage This article was written by Red Kraken Research Follower s Follow Equity analyst based in
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ALB
News
- 2024 Industry Research Report: Global Salt Brines Market Poised for Robust Expansion, Projected to Hit US$359.1 Million by 2030 [Yahoo! Finance]Yahoo! Finance
- Have lithium prices bottomed yet? [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Albemarle: West Cannot End Reliance On China's Critical Minerals [Yahoo! Finance]Yahoo! Finance
- United States $966.32 Mn Polymer Stabilizer Market to 2029 with ADEKA, BASF, Songwon Industrial, Albemarle, and Clariant International Dominating [Yahoo! Finance]Yahoo! Finance
- Another Lithium Mine Bites The Dust. Time To Buy? [Forbes]Forbes
ALB
Earnings
- 11/6/24 - Miss
ALB
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 144
- 11/19/24 - Form 3
- ALB's page on the SEC website