UK Markets closed

Albemarle Corporation (ALB)

NYSE - Nasdaq Real-time price. Currency in USD
Add to watchlist
251.31-10.08 (-3.86%)
As of 03:54PM EST. Market open.
Sign in to post a message.
  • D
    Dan
    It’s quiet here. Everyone in shock? Now is actually the time to discuss. Spot lithium is up again. VW has passed Tesla for EV units sold. GM has strategic alliance with electrode supplier. Lots of great news and the only downside is valuation stress because of general market funk. This is opportunity knocking.
  • e
    er
    I guess as it is turning out I am over weighted in lithium stocks. I thought I was fairly well balanced. The rest of my portfolio is OK.
  • V
    Value Finder
    $SQM conversation
    Lithium is not the only material world #2 lithium producer SQM produces. It is also a world class producer of specialty fertilizers and iodine, each of which is also in a bull market. Here is what SQM's CEO, Ricardo Ramos, had to say about the company's performance in those markets:

    "In the iodine market, the rapid post-Covid recovery is being reflected in a 25% increase in our sales volumes in the first three quarters of 2021 compared to the same period last year. This strong demand growth should have a positive impact on prices going forward since supply is not keeping up."

    The CEO continued by saying, "Given the existing shortage of potash and potassium-based fertilizers, we have seen a significant increase of global potassium prices, letting us report an over 65% increase of our average price in potassium business line during the third quarter of 2021 when compared to the same period last year. This positive trend should continue during the fourth quarter, with prices of potassium-based fertilizers growing at a rate higher than earlier anticipated".

    $MOS $CF $ALB $LAC $LIT $SLI $LTHM $PLL

    https://www.prnewswire.com/news-releases/sqm-reports-earnings-for-the-third-quarter-of-2021-301427482.html
  • V
    Value Finder
    $SQM conversation
    Some investors who may have initially been somewhat ambivalent on world #2 lithium producer SQM's reported Q3 earnings last week are surely coming to the realization that it's all about the future with this company. Indeed, the forward outlook for this company in the lithium market is nothing short of phenomenal. Yes, Q3 revenues and earnings were strong, but if there was anything at all that held them back from being much, much stronger, it was SQM's legacy contracts with longstanding customers that are not at anything close to today's skyrocketing lithium prices. After all, spot lithium carbonate has doubled in just three months! Well, surely those investors, who might have initially been disappointed that Q3 numbers were not even higher, are beginning to see the bigger picture. The great news is that the bulk of those legacy contracts are expiring this quarter (Q4) and will be renewed at much higher rates that are reflective of today's sky-high prices. Not only that, SQM is ramping up its lithium production at a very impressive rate. It is currently producing at a 120,000 metric ton/year rate (which is dramatically higher than last year at this time), and is projecting a 180,000 metric ton/year rate being reached at some point next year.

    Here is CEO Ricardo Ramos on his SQM's ramping lithium production and the all-important expiry of those legacy contracts (second paragraph):

    "The expansion of our lithium operations is yielding positive results, letting us increase our sales volumes more than 80% when compared to last year. We are already producing at rate higher than 120,000 metric tons per year, while we continue working to reach 180,000 metric tons capacity next year. We are confident that our sales volumes could reach close to 100,000 metric tons this year, on a market that we estimate will grow close to 50%. This market growth is putting pressure on prices, as a result, we forecast average prices to be close to 50% higher in the fourth quarter this year when compared to prices reported in the third quarter 2021."

    "The positive trends we are seeing in each of the markets in which we participate, along with the expiration of the legacy lithium contracts, are leading us to reach record-level results in the fourth quarter of this year."

    $LIT $LTHM $SLI $LAC $PLL $ALB

    https://ir.sqm.com/English/news/news-details/2021/SQM-Reports-Earnings-for-the-Third-Quarter-of-2021/default.aspx
    SQM Reports Earnings for the Third Quarter of 2021
    ir.sqm.com
  • e
    er
    Serious capital gains profit taking again today. I will sit and wait and not chase the market.
  • V
    Value Finder
    $SQM conversation
    World #2 lithium producer SQM's Chief Executive Officer, Ricardo Ramos, on recently reported results: "We reported a significantly higher net income for the nine months ended September 30, 2021 when compared to the similar period of 2020. These results were primary driven by much higher sales volumes in lithium, iodine, specialty plant nutrition and potassium business lines as well as higher realized prices in all our business lines".

    He continued by saying, "The expansion of our lithium operations is yielding positive results, letting us increase our sales volumes more than 80% when compared to last year. We are already producing at rate higher than 120,000 metric tons per year, while we continue working to reach 180,000 metric tons capacity next year. We are confident that our sales volumes could reach close to 100,000 metric tons this year, on a market that we estimate will grow close to 50%. This market growth is putting pressure on prices, as a result, we forecast average prices to be close to 50% higher in the fourth quarter this year when compared to prices reported in the third quarter 2021".

    $ALB $LAC $PLL $LTHM $SLI $LIT

    https://markets.businessinsider.com/news/stocks/sqm-reports-earnings-for-the-third-quarter-of-2021-1030986149
    SANTIAGO, Chile, Nov. 17, 2021 /PRNewswire/ -- HighlightsSQM reported net income for the nine months ended September 30, 2021 of US$263.9 million ...
    SANTIAGO, Chile, Nov. 17, 2021 /PRNewswire/ -- HighlightsSQM reported net income for the nine months ended September 30, 2021 of US$263.9 million ...
    markets.businessinsider.com
  • P
    PPJJ
    I want to buy some shares but the price is out of this world. As usual I'm late to the party. Is this the 600lbs gorilla in the space?? Should I at least take a small position before it runs away.
  • D
    Dan
    End of day is going to be interesting. So the question becomes is this a blip or the long anticipated correction? Tomorrow as indicator is probably not important as it will most likely be up either as recovery or dead cat bounce. Watching carefully for the next few days.
  • V
    Value Finder
    $SQM conversation
    World's #2 lithium producer SQM last week called for an extraordinary shareholders meeting to be held in December to discuss the approval of, considering the company's current financial situation and financial expectations for the remainder of the year, a special dividend in an amount equivalent to $400 million USD to be paid out to shareholders.

    $LAC $ALB $PLL $SLI $LTHM $LIT

    https://ir.sqm.com/English/news/news-details/2021/SQM-announces-Extraordinary-Shareholders-Meeting-and-Special-Dividend/default.aspx
  • A
    Anonymous
    Why the drop today???
  • e
    er
    What the hell is happening premarket? There is a huge major sell off of everything. Why are we the last to know about any bad news??
  • C
    Celty
    Never fails, add a stock to watch list and watch it run up 20 bucks before funds are available to buy in.. 👏 👏 longs.
  • T
    Tommy
    Ive been conditioned to hodl dividend stock, but i bought Alb in the 65-80s range, am i dumb for not selling some off?
  • D
    Dan
    Interesting, “According to a new research report from Bank of America's global research department, the global electric vehicle industry faces an imminent threat that its battery supply could run out as early as 2025.”
  • e
    er
    And the sell off continues even with the companies that’s been having good quarterlies.
    Maybe this is the correction that was bound to happen. See you all in 6 months or so.
  • J
    John
    Anybody have any idea what this Huntsman-Rockwood dispute that recently came to an arbitration decision is all about?

    I see a press release from Alb talking about how they disagree with the ruling, but can't find any details about the ruling itself or what it concerns - beyond the facts that it predates the Alb acquisition of Rockwood.
  • b
    bellbell63
    With a mkt cap of 26B ALB is not too big to be acquisition target, especially if buyer wants to go all-in on LI and sell off bromine and catalysts. Being quite profitable they would get a good price. Mkt caps of some other large miners - Glencore 65B, BHP 143B, Rio Tito104B.
  • n
    nereu
    From Warp Investor (Aug 2021): According to our sim-based analysis, the fair price-to-earnings ratio should be 63.57, leading to a current fair value of $393.14.
  • m
    manny
    good earnings and guidance - watch a serious bump in the am
    $275-280 my humble estimate which is 5-7% up
  • D
    Dan
    Any thoughts from my peeps on Wacker Chemie? I’m thinking that as the only non-Chinese major supplier of polycrystalline for solar cells they might be in a very good position for the solar boom.