The demand for batteries has seen a significant surge in recent times, leading to a rise in the valuation of battery stocks. With governments worldwide implementing stricter emissions regulations and consumers increasingly choosing electric over traditional combustion engines, the future for EV battery stocks looks exceptionally bright.The electric vehicle battery market is projected to grow significantly from 2024 to 2029. As per Mordor Intelligence, the market could reach $178 billion by 2029, growing at ...

Albemarle (ALB) closed the most recent trading day at $112.29, moving +0.12% from the previous trading session. This move lagged the S&P 500's daily gain of 0.87%. At the same time, the Dow added 0.67%, and the tech-heavy Nasdaq gained 1.11%.Shares of the specialty chemicals company witnessed a loss of 7.21% over the previous month, trailing the performance of the Basic Materials sector with its loss of 0.08% and the S&P 500's loss of 3.97%.Analysts and investors alike will be keeping a close eye on the per ...

Key PointsPiedmont Lithium received regulatory approval for its Carolina Lithium Project after nearly 3 years.Piedmont expects to be the first vertically integrated operation to extract and process spodumene concentrate to manufacture up to 30,000 tons of lithium hydroxide annually.Lithium Americas is almost fully funded for its Thacker Pass project in Nevada, known as the largest discovered lithium source in the United States, capable of up to 40,000 tons of lithium production in phase 1.5 stocks we like b ...

There's a lot of positive momentum for this commodity producer -- but also major risks.We are in the midst of a major energy upheaval. After a century-plus of fossil-fuel domination, the world is moving more and more toward solar power, wind generation, and battery storage.For transportation, there's a major transition to battery electric vehicles (EVs) over internal combustion engine (ICE) vehicles. The demand for EVs is soaring, with analysts projecting they'll be the majority of vehicle sales by 2030. Bu ...

OlemediaThe past several months have not been exactly pleasant for shareholders of lithium giant Albemarle Corporation (NYSE:ALB). The specialty chemicals producer has seen its shares consistently underperform the market. As an example, we need only look at how the stock has fared since I last wrote a bullish article about it in January of this year. Even after the stock had fallen previously leading up to that point, shares have only achieved upside of 0.4% at a time when the S&P 500 has jumped by 8.8% ...

Core Viewpoint - Albemarle Corporation has announced a $1 million donation to Cleveland Community College to enhance workforce training programs, particularly in support of the Kings Mountain Mine redevelopment project [1][2]. Group 1: Donation and Training Programs - The donation will be used for purchasing equipment, supplies, and facility improvements to benefit workforce training programs at Cleveland Community College [1]. - The funding is expected to support the Heavy Equipment Operator Program and apprenticeship programs for electrical and process operations roles [2]. - Customized training programs for Albemarle employees will also be developed, focusing on the mine's mineral processing facility [2]. Group 2: Community and Economic Impact - The Kings Mountain site is one of the few known hard-rock lithium deposits in the U.S., with the proposed mine and processing facility expected to create over 1,000 construction jobs and an additional 300 full-time skilled roles [3]. - Albemarle has committed over $2 million to community initiatives in the region since 2016, focusing on health, social services, and educational initiatives [3]. Group 3: Strategic Importance - A skilled workforce is deemed critical for strengthening the U.S. supply chain of lithium, which is essential for various industries [2]. - The donation builds on a previous $5 million funding commitment to Cleveland Community College as part of a larger $150 million grant from the U.S. Department of Energy for the Kings Mountain Mine project [2].

Albemarle (ALB) ended the recent trading session at $120.50, demonstrating a -1.7% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.2%. At the same time, the Dow lost 0.65%, and the tech-heavy Nasdaq lost 1.79%.Coming into today, shares of the specialty chemicals company had gained 0.36% in the past month. In that same time, the Basic Materials sector gained 1.63%, while the S&P 500 lost 0.85%.The investment community will be paying close attention ...

Crisis will lead to opportunity for lithium stocks.For one, the blood is flowing in the streets with many of the top lithium names. Two, some analysts now believe lithium prices may have bottomed out. As noted by Bank of America analyst Steve Byrne, “2023 marked a huge drop in lithium prices, as the market flipped from the 2022 deficit into surplus. Inventory levels in China for lithium carbonate were elevated in February but started to trend down in March [and pricing] started to show some strength. While ...

Albemarle (ALB) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this specialty chemicals company have returned +1.5%, compared to the Zacks S&P 500 composite's +0.8% change. During this period, the Zacks Chemical - Diversified industry, which Albemarle falls in, has gained 3.1%. The key question now is: What could be the stock's futur ...

Dividend Aristocrats are stocks that are members of the S&P 500 index and have raised their dividend payouts yearly for 25 years or more. It’s an exclusive list of companies. Of the thousands of stocks on the market, only 68 were cut. That shows just how difficult it is. Yet, becoming a Dividend Aristocrat doesn’t mean a stock will always be one. Earlier this year, Walgreens Boots Alliance (NASDAQ:WBA) was forced to cut its dividend to conserve cash. Before that, VF Corp (NYSE:VFC) slashed its payout by 70% ...