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Albemarle Corporation (ALB)

NYSE - NYSE Delayed price. Currency in USD
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206.23+0.80 (+0.39%)
At close: 04:00PM EST
220.00 +13.77 (+6.68%)
After hours: 07:59PM EST
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  • j
    jerry
    $SQM conversation
    Back in SQM folks! Got back in early this morning (unluckily, considering the bargain closing price). But I couldn't resist with lithium carbonate making yet another high overnight in Shanghai (367,500 yuan (58,000 usd) / metric tonne). Also, it looked like lithium stocks were ready start their inevitable rebound after their recent swoon, but then they got caught up in the late afternoon interest rate-related smackdown. SQM in particular traded down way too much at the end of day in New York trading and if you can pick up shares tomorrow morning anywhere near the NYSE closing price, you are getting a very nice bargain.

    With regards to newly elected Boric in Chile, the deep fears over the past month about what he will do to the mining industry were largely overblown, at least to a significant degree. His recent choices for cabinet members as well as his finance and (critically) mining minister have alleviated some of this built up fear. Things often are not nearly as bad as media fear mongers like to make them seem.

    With its steady production, large revenues and impressively growing earnings, SQM is still the relative value play in the lithium stock space (if there is such a thing in this high growth sector in which most companies, unlike SQM, are still deeply in their exploration and development phases and so can't yet partake in the soaring lithium price, let alone make a profit). SQM, on the other hand, does both for the investor: it is hugely reaping the rewards of the soaring lithium price AND it is developing new assets for a very rich future ahead.

    $SQM $OROCF $LTHM $ALB $LAC $SLI $LIT
  • E
    Electric Mike
    Tesla reports earnings tonight after market close. I would think it should be obvious to everyone on the planet that Tesla volumes and battery needs are growing continuously. However, sometimes I am surprised when things like this hit the news and there are positive reactions from analysts and air heads like Cramer leading to a nice little influx of mom and pop investors and/or traders buying in...
  • e
    er
    Boy, my portfolio took a beating last Friday not just my lithium investments. Premarket today doesn’t look very promising also. Hopefully the quarterlies coming will be more promising.
  • E
    Electric Mike
    Picked up a whopping two additional shares today at $203.80 (partial fill).
    Looks like Tesla lost 11.6% today. That will teach them to say they are the highest margin automaker on the planet! Sure in this current market it might be nice to be known as a company that makes something. However, it is kind of an admission that they are a car company and no two or three car companies together deserve the valuation Tesla had...
  • E
    Electric Mike
    Disappointed that we dropped below $220, but again just moving with the market. I will be eating a little crow if we fall below $217. I was expecting if we got that low again it would be the result of a quick fear induced negative spike, but this market feels more like mass uneasiness very much tempered by the fact that the first six or twelve months after the tightening begins usually still produce positive returns.

    We have exactly 4 weeks to go before the next quarterly earnings release. At that point, I would think management would have to indicate that having a spot price 4 times higher than the bear case from two years ago eventually is going to show up in the earnings!
  • m
    massimo
    $GURE conversation
    I own around 240000 shares of Gulf Resources
    $GURE Check the multiple of GULF RESOURCES (NASDAQ: GURE) and the one from $ALB ALBEMARLE.

    You will clear notice how Gulf Resources is undervalued and that it should reach soon +$30 per share.

    Start of Olympic game in around 10’dats in China, end of this bearish market for growth company, price of bromine and start of chemical plant, natural gas discovery and open of bromine plant, will make sure that GURE will go to the moon!
  • b
    bellbell63
    SBQ Sold 3 x 3/18 220 covered calls at avg 15.00. Have 2 more to go at 15 and 15.10. Trade is wrong if above 235 on 3/18. Always fun when earnings and div announcement before then. Schwab est 58% chance finish OTM.
  • t
    tony
    INSIDER BUYING SINCE EARLY JAN 2022 …Who else has been buying this last past week? Month? Awesome level to get in before next climb upward and onward!!!!! Bullish lithium on fire 🔥 4 th quarter earnings are gonna beat street Again past a 30% beat !! Watch !
  • E
    Electric Mike
    I always look forward to reading Matt Bohlsen's Lithium Articles, if this link doesn't work google for his Lithium Miners News for January.
    Love this quote from a news article "Lithium demand in 2022 will grow 180K MT or more (including inventory build) but supply in the proper grade be inadequate so the global average price will be substantially higher. At some point in the future lithium will again move into significant oversupply but “spoiler alert” that won’t be in this decade."

    https://seekingalpha.com/article/4481941-lithium-miners-news-january-2022?utm_source=stck.pro&utm_medium=referral
    Lithium prices surged significantly higher the past month. Rystad Energy forecasts lithium prices continuing to rise in 2022 on strong demand and tight supply.
    Lithium prices surged significantly higher the past month. Rystad Energy forecasts lithium prices continuing to rise in 2022 on strong demand and tight supply.
    seekingalpha.com
  • e
    er
    What’s happening now?? My whole portfolio is red not just lithium companies. These swings are nerve racking.
  • E
    Electric Mike
    I tried to buy March 22 call with a $210 strike price right at the spike of the panic, but true to character my $15.30 bid was too cheap.
  • M
    M
    Serbia revoked Rio tinto's lithium exploration license on environmental concerns $2.4 billion project shut down
  • L
    Long Term
    0.76% yield here or 13% with CINR - take your pick.........................
  • D
    Dan
    If the BBB is reconstituted as a mainly environmental bill there should be a tremendous pop for lithium, hydrogen, wind and solar. I still suspect it will be in the form of tax breaks and incentives other than cash awards. May take a few months of beat down market but the next up pulse will be an order of magnitude greater than the last.
  • D
    Dan
    367,500 Yuan/ton
  • j
    jerry
    $OROCF conversation
    Hello, North American lithium traders. You are trading Allkem in the U.S. (OROCF) and Canada (AKE.TO) today at a 2.5% to 3% discount for no good reason. The main shares in Australia (AKE.AX) traded up 2.2% overnight on nice volume (4.2 million+ shares) based on soaring lithium prices and Allkem's just released bullish Quarterly Activities Report. Do you in North America, with your sub 100k volumes in each market, think you know something the 4.2 million shares traded in Australia don't know?? Stop selling at a 3% discount to what the shares are actually worth. With the present exchange rate, the shares are worth no less than $8.35 USD/share.

    $OROCF $SQM $LTHM $ALB $LAC $PLL $SLI $LIT
  • b
    bellbell63
    I have sold the 1/21 240 covered calls at $6.14 Slightly above that now but stock has risen more so net gain. If a get assigned I will use the money to sell cash secured puts to either get back in lower or keep a nice premium.

    On another matter , would like to see a div increase at least to .405 or .41 Announcement date around 1/25
  • D
    Dan
    340,500 Yuan/ton
  • j
    jerry
    $OROCF conversation
    Looking to get more lithium exposure in your portfolio but hesitant to buy more right here on today's big 5% to 10% (+) bounce in the space? Well Allkem (U.S. ticker: OROCF; Australian ticker: AKE.AX; Canadian ticker: AKE.TO) is trading at a big discount today relative to this bounce in the space. That is because the Australian market (the primary stock market for the trading of this stock) is closed right now and doesn't open until tonight New York time.

    Allkem (formerly Orocobre which recently merged with Galaxy Resources) is one of the very best quality plays in the entire lithium space. Unlike lithium juniors still in the exploration and development stage, Allkem is a major, established player on the global stage with huge revenues and huge revenue growth. With huge ongoing production (not to mention its own big development pipeline), Allkem has been capitalizing hugely on soaring lithium prices (most recent lithium carbonate spot quote: 298,500 yuan / metric tonne). Why wait for production years out when you can have it right now in a major, quality global player? Also, Allkem, unlike ALB and SQM, does not have any Chileean exposure (think Boric, newly elected socialist president looking to massively raise taxes on miners and nationalize most if not all new lithium development in the country).

    Right now you can still get Allkem (OROCF in the U.S. or AKE.TO in Canada), one of the very best lithium players in the world, at a big discount to today's bounce in the space. Surely the shares will be higher tomorrow after the Australian market catches up with today's big bounce in the space during Australian trading tonight.

    Good luck and good investing to all no matter what your lithium stocks happen to be.

    $OROCF $ALB $SQM $LAC $ LTHM $PLL $SLI $LIT
  • v
    v
    Alb needs to expand in US.
    apple.news/ATNCRjR9vTAmIYDKZP9KbDg