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Albemarle Corporation (ALB)

NYSE - NYSE Delayed price. Currency in USD
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277.95+8.27 (+3.07%)
At close: 04:00PM EDT
273.49 -4.46 (-1.60%)
Pre-market: 08:41AM EDT

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  • v
    v
    I keep reading in the news about DLE with 65% improvement in extraction time/cost. Seems like Alb is ignoring DLE.
  • D
    Dan
    And spot lithium up to 501,500 yuan/tonne. To the points mentioned previously, at what point does it damage itself with demand destruction? I wonder if the tail wagging the dog will occur with ICE cars where the thousands of units waiting for parts suddenly flood into a market that has trouble affording them throws the auto demand curve into turmoil. How will the big auto makers respond? Double down on electric? Slow all manufacturing?🤔
  • b
    bellbell63
    Li price is self limiting. Cars are getting too expensive - especially the longer range cars.
  • s
    steve
    timber!!!!!
  • E
    Electric Mike
    That is kind of odd. Y!hoo deleted my link to Y!hoo news saying that CARB (California Air Resources Board) has passed a proposal to phase out natural gas for heating buildings and hot water by 2030.
    Like that is going to help the robustness of its electrical grid...
  • S
    Sammy
    Time to buy , I think anything under 300 is blessing
  • M
    Mr
    NO FEAR on the downward pressure. The market is in correction mode.

    ONLY TEMPORARY 😎
  • b
    bellbell63
    Sold $320 Oct cov calls at 7.10 - a bit early though. Maybe a dip tomorrow to cover.
    GL
  • e
    er
    Well I was hoping for a turn around like yesterday’s morning sell off. I hope we have one
  • S
    SBQ
    Here's an idea how risky it is to own lithium junior mining stocks:

    https://www.thomsoninvestortools.com/component/firm/thomson/view.asp?uid=markets/summary&returnToSection=summary&view=newsStory&docKey=315-L1N30X1WI-1

    ** LITM shares on Fri surged 38% and closed at $3.18 on
    record trading volume of nearly 74 mln shares, per Refinitiv
    data, after supply deal with South Korea's LG Energy Solution
    Ltd

    TODAY:
    ** Early Mon, co announced plans to sell 10 mln shares at
    assumed price of $3 to fund resource development, technical
    studies/reports, working capital and general corp purposes, per
    securities filing
    ** U.S.-listed shares of Snow Lake Resources Ltd LITM.O
    diving 43.1% to $1.81 on Mon after Canadian lithium miner
    discloses stock offering plans and noncompliance notice from
    Nasdaq
  • S
    StockGuru
    ALB has dropped 15% on one week!
  • D
    Dan
    Bloomberg is reporting record spot China price of 500,050 yuan/tonne lithium carbonate today. Looks like gov controls merely slowed it down. Here’s the answer to the question of shouldn’t your assets go up with inflation. Then again price is not the same as value in an inflationary environment. Still the next guidance from the actual producers should track pricing leading to significant beats.
  • b
    bigbear
    WHAT????? just got back from Golf.. News???
  • b
    bellbell63
    Might make a run at new high. If a small pop, might sell the Oct 22 $320 covered calls - at maybe 9.50 or so tomorrow and cover when Fed raises 1.00 on Wed.
  • E
    Electric Mike
    No new information in the news article itself, but interesting that they are talking about it now when they have not announced the end of the renegotiations with JV partner MIN. Not sure if there is anything to read into that or not.

    https://thewest.com.au/business/mining/albemarle-flags-more-lithium-investments-in-wa-c-8236498
  • b
    bellbell63
    Just sold 1 x $320 Oct 21 covered calls @13,40. Annualized ROR 54%.
  • M
    M
    Funny isn't it, inflation should make the price of your assets go up
  • b
    bigbear
    Hey "M" is this the secret info leaking out you mentioned??