omersukrugoksuArkansas is hot right now, hot for lithium and Albemarle (NYSE:ALB) is joining the party. Albemarle has filed with the Arkansas Oil and Gas Commission to obtain permission to extract lithium (from its preexisting bromine operation) via a pilot plant. The intent is to begin testing lithium extraction. This is the same play book that Standard Lithium (SLI) used in Arkansas. Per the Arkansas Oil and Gas Commission (AOGC) we can see the Albemarle pilot plant application: Lithium Application ...

CHARLOTTE, N.C., July 1, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its second-quarter 2024 earnings after the NYSE closes on Wednesday, July 31, 2024.The company will hold a conference call to discuss its second-quarter 2024 results on Thursday, August 1, at 8:00 a.m. ET. Access to the call is available via webcast or direct dial. A link to the webcast can be foun ...

Albemarle Corporation NYSE: ALB is a global leader in the production of basic materials for a diverse range of industries, including energy, electric vehicles (EV), and healthcare. The company's commitment to sustainable practices was recently showcased during its fourth annual Sustainability Day event. Get Albemarle alerts:A Focus on Sustainability: Albemarle's Annual EventAlbemarle TodayALBAlbemarle$96.27 -4.01 (-4.00%) 52-Week Range$92.29▼$247.44Dividend Yield1.66%P/E Ratio35.01Price Target$155.78Add to ...

CHARLOTTE, N.C., June 27, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, announces the release of its fourth annual Sustainability Day. The video features Albemarle executives discussing key highlights from the company's 2023 Sustainability Report, All the Elements for a Better World. Albemarle Sustainability Day Highlights "Sustainability is embedded in our purpose, strategy and value proposi ...

With EV sales regaining momentum, look at the top EV stocks to buy on the dip. Remember, as I said yesterday, "Ford Motor (NYSE:F) said its electric vehicle sales were up 64.7% in May. It also said its EV sales were up nearly 88% higher than year-ago numbers for the first five months of the year. Even General Motors (NYSE:GM) said May was its best month for EV sales ever. Hyundai (OTCMKTS:HYMTF) said its U.S. EV sales were up 42% in May year over year." Should EV sales continue to improve, RMI.org predicts ...

Albemarle (ALB) closed the most recent trading day at $96.40, moving +1.84% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.31%. Elsewhere, the Dow gained 0.67%, while the tech-heavy Nasdaq lost 1.09%.Prior to today's trading, shares of the specialty chemicals company had lost 25.81% over the past month. This has lagged the Basic Materials sector's loss of 6.38% and the S&P 500's gain of 2.73% in that time.The investment community will be closely mon ...

Amid the transition to renewable energy and electric vehicles, the demand for the best materials stocks to buy is jumping. For U.S. equity investors, increases in the use of silver, copper and lithium are particularly pertinent. Charlie Welch, the CEO and co-founder of privately held ZapBatt, told InvestorPlace that he is seeing “rise in renewable energy and electric vehicles (EVs) is driving up demand for metals like copper, silver, and lithium.”Further, the CEO said he expects copper demand is “expected t ...

Albemarle (ALB) closed at $99.54 in the latest trading session, marking a -1.08% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.25%. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq added 0.03%.The specialty chemicals company's shares have seen a decrease of 22.68% over the last month, not keeping up with the Basic Materials sector's loss of 6.9% and the S&P 500's gain of 3.34%.The investment community will be closely monitoring the performance of Albemar ...

Investors have turned negative on the prospects for lithium as the EV market has cooled.A UBS analyst recently lowered his price target for lithium mining company Albemarle (ALB -1.08%) stock to $124 from $132, but kept a neutral rating on the stock. However, even that lower price target still implies a more than 20% upside from Tuesday's closing price.As Joshua Spector of UBS notes, the price of lithium has improved marginally in 2024, but it's still far below where it peaked in November 2022.Unfortunately ...

Battery stocks have been battered over recent months. Falling lithium prices due to oversupply, subdued demand in China and lackluster sales figures from the electric vehicle (EV) market have all contributed to the rare earth mineral’s plummeting price. According to Koyfin, the price of lithium carbonate has fallen 68.8% over the past 12 months. While there was somewhat of a recovery in Q1 of 2024, it appears prices are back in free fall.Despite this big of macroeconomic news not being good for the overall ...