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Not much conversation on this post? I am a new buyer of ALB. Already gained 18%. I like the long play because of the future lithium demand.
in Nevada would be able to support the Tesla LiO2 Car Batteries. However now we realize that they are sourcing the mining concessions in the Atacoma, (solution mining technique) which assets are inferior and minuscule when compared to SQM's vast holding of lithium salts.
All the catalysts for increased lithium use in the future seem to be
running in reverse at the moment ..
A "value play" that steadily drops in price while the rest of the market rockets upwards?
Must be more to the story?!
-ALB opens new lithium plant in Chile to service growing demand for batteries.
-Utility scale battery storage is only in the beginning stages with regulatory pressure expanding the opportunity.
-Growth in solar to boost existing Performance Catalyst and double as additional exposure to renewables.
-ALB is a value play at current prices.
TSLA announced 10kWh total battery backup for $3500 (plus installation I assume). It might work for a solar house in which the battery could be recharged during the day even if the power is out. It's way too small to power air conditioning for very long during an outage. I don't think it makes much sense at all without solar on your house.
Anything that increases lithium usage is good in my book.
I'm no rocket surgeon, but the key ingredient in all of these batteries is lithium and ROC is the largest producer in the US, with a huge projected shortage by 2020. You do the math.
Sentiment: Strong Buy
i believe prices for speciality chemicals are going are going up industry wide. future looks good here,i've been holding this a while.
Announcement on Thurs about TSLA's home battery system. Will ALB benefit? Another co also announced expansion into battery category. Will find the name
Sentiment: Strong Buy