Shares of lithium producers have been hammered lately as demand growth for electric vehicles slowed, and prices for lithium—a key component in EV batteries—plummeted. The pain for the industry is now entering a new phase with layoffs and reduced spending announced. ...

Proactive measures to re-phase growth investments and optimize cost structure to generate long-term financial flexibility and unlock >$750 million of cash flow over the near term CHARLOTTE, N.C., Jan. 17, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, today outlined a series of proactive measures underway to re-phase its organic growth investments and optimize its cost structure in response to changing e ...

D3signAllTheThings China lithium carbonate spot prices look to be approaching a bottom The lithium sector has been hit severely the past year, with the lithium spot price down ~80%. As a result, most lithium stocks are now badly beaten down, albeit after a huge rise in 2021 and 2022 as lithium prices surged. 5-year China lithium carbonate spot price chart (source) Trading Economics CITIC Futures forecasts China lithium carbonate prices to average CNY 100,000 in 2024, with Jiangxi lepidolite costs of pro ...

Lithium has become a hot commodity with the growing adoption of electric vehicles (EVs). While EV sales may have seen a slowdown, the future will be all about EVs. And, this is the time that lithium demand will soar. Due to the dip in EV sales, the supply of lithium is higher than its demand, leading to a subsequent drop in lithium prices. However, investors and automakers are optimistic about the future of EVs, which means an exceptional year for lithium stocks is likely. Therefore, let’s take a look at th ...

Albemarle Corp. (ALB) is growing its sales but lithium prices have depressed earnings. This Zacks Rank #5 (Strong Sell) is expected to see a double digit decline in earnings in 2024.Albemarle is a global lithium and bromine producer. Headquartered in Charlotte, NC, it serves customers in 100 countries.A Big Miss in the Third QuarterOn Nov 1, 2023, Albemarle reported its third quarter results and missed on the Zacks Consensus by $0.96. Earnings were $2.74 versus the consensus of $3.70.Lithium prices have fal ...

Shares of Albemarle (ALB -2.02%) slumped more than 50% at one point in trading in 2023 before regaining some ground in the last couple of months or so. The lithium stock still ended 2023 down 33.4%, according to data provided by S&P Global Market Intelligence.For this, you can blame a meltdown in lithium prices. Albemarle, however, is still on solid footing, and its stock price could rebound this year as investors avail this golden opportunity to buy a growth stock on the cheap.Albemarle's sales continue to ...

With such a surprisingly strong performance printed last year, it’s only natural to consider going with the flow, not abruptly shifting gears with stock comeback predictions. Yeah, going contrarian is a sexy concept, I get it. However, turnaround stocks come with significant risks.While the aphorism of buy low, sell high permeate popular culture, the idea can be misconstrued. It doesn’t mean that you just react to red like a (biological) bull would. Instead, you need to be extremely selective with your cont ...

Just_Super For most investors in most companies, 2023 ended up being a fantastic year. Including dividends, the S&P 500 jumped 26.3%. That follows a rather difficult 2022 fiscal year in which all the market, including dividends, drop by 18.4%. But not every company fared well during the year. Specialty chemicals producer Albemarle Corporation (NYSE:ALB) was one of the unlucky ones, with a total return negative to the tune of 32.8%. Although we still don't have data covering the final quarter of 2023, the fi ...

There can be temporary headwinds even for sectors that have multi-decade growth opportunities. These headwinds provide an opportunity for fresh entry for investors who have missed the previous sector rally. The electric vehicle sector has faced challenges in the form of intensifying competition, macroeconomic headwinds, and supply-chain concerns. Geopolitical tensions have also impacted growth, resulting in some of the best EV stocks trading at a valuation gap.It’s, therefore, a good time to consider exposu ...

Last year, lithium prices plunged, leading to a significant correction in some of the best lithium stocks. The outlook for lithium remains bearish for the year and the recovery is likely to be gradual. However, there is no doubt that lithium demand will swell in the coming years on the back of rising EV adoption. Some analysts are predicting that global lithium shortage can come as early as 2025.Given the current sentiments and the long-term outlook, it’s one of the best times to buy lithium stocks. With th ...