ALB Jan 2024 145.000 call
| Previous close | 69.79 |
| Open | 69.79 |
| Bid | 0.00 |
| Ask | 0.00 |
| Strike | 145.00 |
| Expiry date | 2024-01-19 |
| Day's range | 69.79 - 69.79 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
ZacksHere's Why You Should Hold Onto Albemarle (ALB) Stock for Now
While Albemarle (ALB) faces headwinds from high input costs, it benefits from higher lithium volumes and actions to boost its global lithium capacity.
ZacksAlbemarle (ALB) to Supply Battery-Grade Lithium Hydroxide to Ford
In addition to the supply of lithium hydroxide, Albemarle (ALB) and Ford plan to explore collaborations to build a closed-loop solution for lithium-ion battery recycling.
BloombergFord Strikes Lithium Supply Deals With World’s Top Producers
(Bloomberg) -- Ford Motor Co. peppered investors with new battery-material sourcing agreements in a show of how it’s solidifying the supply chain it will need for a massive expansion in electric-vehicle production.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseMexico Raises Alert Level on Volcano Rumbling Near CapitalParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist PoliciesChina’s New Covid Wave Set to See 65 Million Cases a WeekThe tw
ZacksAlbemarle Corporation (ALB) is Attracting Investor Attention: Here is What You Should Know
Albemarle (ALB) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Motley FoolLithium Stocks: Albemarle vs. SQM -- Whose Lithium Business Did Best in Q1?
This face-off between two of the major producers of the EV battery metal should help you make investing decisions in this space.
- Investing.com
4 big analyst picks: Meta stock a buy on sprightly revenue prospects
Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades for Meta, Charles Schwab, Albemarle, and Gilead Sciences. Loop Capital upgraded Meta Platforms (NASDAQ:META) to Buy from Hold with a Street high price target of $320.00, as InvestingPro reported in real time. Charles Schwab (NYSE:SCHW) shares rose more than 4% yesterday after Raymond James upgraded the company to Outperform from Market Perform, establishing a $63 target price.
Motley FoolWhy Albemarle Stock Bounced Off Lows This Week
After falling consistently in recent months, Albemarle (NYSE: ALB) stock reversed course this week and was trading up 10% as of 10 a.m. ET Friday, according to data provided by S&P Global Market Intelligence. Bumper numbers from Albemarle and lithium prices rebounding after a steep recent fall proved to be the perfect catalysts for investors to hit the buy button. Lithium carbonate prices hit 19-month lows on April 24 on oversupply concerns and fears of declining electric vehicle (EV) sales.
Motley FoolTop Lithium Stock Albemarle Reduces 2023 Outlook, but Business Is Still In Overdrive
Currently, lithium carbonate, a key ingredient in EV batteries, is down some 70% from highs but back to where it was priced just in late 2021. Bear in mind that Albemarle, a global mining company that has been around for decades, made a hard pivot to lithium in the last few years. This explains why Albemarle's first-quarter 2023 revenue more than doubled year over year, up 129% to $2.6 billion.
- Investing.com
4 big analyst picks: Albemarle scores fresh Overweight rating
Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades for Albemarle, Euronav, Arcturus Therapeutics, and Palo Alto Networks. KeyBanc upgraded Albemarle (NYSE:ALB) to Overweight from Sector Weight with a price target of $270, as reported in real time on InvestingPro. KeyBanc expects demand for lithium in China to improve after a downturn that started in November 2022, noting that its recent checks from the Li industry in China indicate that inventories at the battery cell/EV OEM level are declining, and could bottom out in the coming months.
ReutersAlbemarle aims to expand Chile lithium mine in 2028 with new technology
Albemarle Corp hopes to expand its lithium operations in Chile's Atacama salt flat as early as 2028 with direct lithium extraction (DLE) technology under its current government contract, Ignacio Mehech, the company's Chile manager, told Reuters. "Depending on environmental and other permits needed in Chile, as well as scaling technologies, we believe (DLE) should be implemented, if everything goes well, towards 2028 or 2029," Mehech said during an interview at the company's Atacama lithium mining operations.
Simply Wall St.Albemarle's (NYSE:ALB) three-year earnings growth trails the 50% YoY shareholder returns
It hasn't been the best quarter for Albemarle Corporation ( NYSE:ALB ) shareholders, since the share price has fallen...
ZacksWall Street Analysts See Albemarle (ALB) as a Buy: Should You Invest?
The average brokerage recommendation (ABR) for Albemarle (ALB) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
ZacksAlbemarle Corporation (ALB) Is a Trending Stock: Facts to Know Before Betting on It
Albemarle (ALB) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
BloombergRio Tinto Cautions Against Takeover Fever After Lithium's Dramatic Price Slump
(Bloomberg) -- Lithium’s dramatic price slump has mining heavyweights chasing takeovers of companies with early stage or pre-production projects. But one giant is warning that offering high premiums for smaller miners comes with risks.Most Read from BloombergPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveApple Shares Rise After iPhone Bounces Back, Sales Top EstimatesJPMorgan Sees Investors Moving to Gold, Tech Amid Recession RiskChina Takes the Yuan Global in Bid to Repe
Motley FoolAlbemarle Earnings Crush Estimates, but 2023 Outlook Cut Due to Falling Lithium Prices
In Q1, the lithium giant's earnings soared 334%, driven by powerful lithium demand for EV batteries
Motley FoolAlbemarle (ALB) Q1 2023 Earnings Call Transcript
Thank you, Forum, and welcome, everyone, to Albemarle's first-quarter 2023 earnings conference call. Joining me on the call today are Kent Masters, chief executive officer; and Scott Tozier, chief financial officer.
ReutersAlbemarle open to renegotiating Chile lithium contract early
(Reuters) -Albemarle Corp is open to renegotiating its Chile lithium contract before 2043 and would seek access to even more of the country's vast reserves of the metal used to make electric vehicle batteries, CEO Kent Masters told Reuters on Thursday. The decision by Chilean President Gabriel Boric last month to gradually nationalize his country's lithium industry sparked concern that U.S. miner Albemarle and rival SQM could be kicked out of the country, even though officials have stressed they would not tear up existing contracts. While lithium for years has typically been produced using open-pit mines or evaporation ponds, Boric's plan relies on the wide scale deployment of direct lithium extraction (DLE) technologies that have so far never worked in commercial operations, but which Albemarle and its peers are studying.
ZacksAlbemarle's (ALB) Q1 Earnings Top Estimates, Revenues Miss
Albemarle (ALB) gains on higher lithium pricing and increased volumes in the first quarter.
ReutersAlbemarle cuts annual profit forecast on softening lithium prices
(Reuters) -Lithium producer Albemarle Corp cut its annual profit forecast on Wednesday despite posting a better-than-expected quarterly earnings, citing softening prices for the metal used to make electric vehicle batteries. While some producers, most notably Livent Corp, have been able to weather the weak prices due in part to their reliance on long-term contracts, Albemarle said it was being affected and had to trim its expectations for the rest of the year. "We see strong sales volume growth for the rest of the year but have modified our guidance to reflect softening lithium market pricing," Albemarle CEO Kent Masters said in a statement.
BloombergLiontown Bids Signal Strong Outlook for Lithium, Rival Says
(Bloomberg) -- The recent flurry of bidding activity for Australian lithium producer Liontown Resources Ltd. reflects broader optimism in the sector, according to one of the country’s top miners of the key electric-vehicle battery metal.Most Read from BloombergNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItCarl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller ReportRussia Says It Foiled Kremlin Drone Attack Aimed At PutinWall Street Rattled by 15% Tumble in Pair of
BloombergLithium Giant Albemarle Eyes $1.5 Billion Processing Expansion
(Bloomberg) -- Albemarle Corp. is aiming to spend between $1.25 billion and $1.5 billion to double its lithium hydroxide output in Australia to a volume that it estimates could power more than two million electric cars a year.Most Read from BloombergNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItCarl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller ReportWall Street Rattled by 15% Tumble in Pair of Banks: Markets WrapRussia Says It Foiled Kremlin Drone Attack Aimed
ZacksAnalysts Estimate Huntsman (HUN) to Report a Decline in Earnings: What to Look Out for
Huntsman (HUN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ZacksAlbemarle (ALB) to Post Q1 Earnings: What's in the Cards?
Albemarle (ALB) is likely to have benefited from higher lithium prices and volumes and its cost-reduction actions in the first quarter amid headwinds from higher input costs.
ReutersChile's lithium takeover plan faces technical, political challenges
SANTIAGO (Reuters) -While Chile's plan to take control of its lithium industry has caused global shockwaves, state-led production of the metal used to make electric vehicle batteries is seen by analysts as likely years away given technical and political challenges. President Gabriel Boric last week said he would move to gradually nationalize the country's lithium industry, which holds the world's largest reserves of the metal, in a bid to boost Chile's economy. The plan relies on negotiations with lithium producers, public-private partnerships with technology companies, tense negotiations with political rivals, and the creation of a national lithium company, all of which could take years to accomplish, analysts said.
Zacks4 Chemical Stocks Poised to Outshine Q1 Earnings Estimates
While softer demand in certain end markets is likely to be a drag, Albemarle (ALB), DuPont (DD), Axalta (AXTA) and LyondellBasell (LYB) are likely to have benefited from cost and pricing actions in Q1.
