75.29 0.00 (0.00%)
After hours: 5:15PM EST
|Bid||0.00 x 1000|
|Ask||0.00 x 800|
|Day's Range||73.55 - 75.73|
|52 Week Range||71.89 - 119.40|
|Beta (3Y Monthly)||1.22|
|PE Ratio (TTM)||24.15|
|Earnings Date||Feb 25, 2019 - Mar 1, 2019|
|Forward Dividend & Yield||1.34 (1.73%)|
|1y Target Est||111.52|
# Albemarle Corp ### NYSE:ALB View full report here! ## Summary * Bearish sentiment is moderate and declining * Economic output in this company's sector is contracting ## Bearish sentiment Short interest | Neutral Short interest is moderately high for ALB with between 10 and 15% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on January 15. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $7.21 billion over the last one-month into ETFs that hold ALB are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Conference call to be held on Feb. 21, 2019 at 9:00 a.m. ET CHARLOTTE, N.C. , Jan. 16, 2019 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced ...
A new lithium exploration company has been making significant headway in the last five months in determining whether it will spend $500 million to restart mining in the Kings Mountain area and build a lithium processing plant nearby.
An insatiable appetite for lithium stocks pushed valuations skyward in 2017, but the industry took a breather last year. The growth opportunities are still undeniable.
Chile's environmental regulator this week approved a $25 million (£19.6 million) compliance plan by lithium miner SQM (SQMa.SN), ending a multi-year investigation by authorities that found the Chilean miner had overdrawn lithium-rich brine from the Atacama salt flat. WHAT IS THE SALAR DE ATACAMA? The Salar de Atacama is a high-altitude desert basin in northern Chile that, in 2017, supplied more than one-third of the world's lithium, a key ingredient in the batteries that power cell phones and electric vehicles.
Chile's environmental regulator this week approved a $25 million compliance plan by lithium miner SQM, ending a multi-year investigation by authorities that found the Chilean miner had overdrawn lithium-rich brine from the Atacama salt flat. WHAT IS THE SALAR DE ATACAMA? The Salar de Atacama is a high-altitude desert basin in northern Chile that, in 2017, supplied more than one-third of the world's lithium, a key ingredient in the batteries that power cell phones and electric vehicles.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it Read More...
Latin American currencies were mixed against a soft dollar on Monday, while stocks barring Brazil's Bovespa rose, on a day when global equities were buoyed on optimism over the resumption of U.S.-China trade talks. The dollar weakened, pressured by expectations the U.S. Federal Reserve will either pause or halt its interest rate hike cycle, propping up developing world currencies. While currencies such as the Mexican peso and the Argentine peso took some benefit from the greenback's fall, Brazil's real suffered heavy losses, declining for the first time in four sessions.
Chile's environmental regulator on Monday approved a $25 million compliance plan by SQM , ending a multi-year investigation by authorities that found the Chilean miner had overdrawn lithium-rich brine from the Atacama salt flat. The plan requires the world's number two producer of lithium to reduce its extraction of brine. The case has, however, fanned tensions in the arid region of northern Chile, as soaring demand for lithium has forced producers like SQM to compete for scarce water with sprawling copper mines, a booming tourism industry and indigenous communities.
Analyzing Chemical Companies in the Week Ending January 4 (Continued from Prior Part) ## Albemarle starts earthworks Albemarle (ALB) isn’t wasting any time. Albemarle entered into a joint venture agreement with Mineral Resources Australia on December 17 for 50% interest in Mineral Resources’ Wodgina hard rock lithium project in Western Australia. Albemarle has started earthworks at the Kemerton Strategic Industrial Area in Western Australia—the lithium hydroxide conversion site. Albemarle received approval from the federal and state government to start the Kemerton plant. The plant will have the capacity to produce 60,000 tons of lithium hydroxide. The capacity can be expanded to 100,000 tons if required. Albemarle expects the plant to be completed and commissioned in 2021. Eric Norris, Albemarle’s president for the Lithium segment, said, “The site earthworks at Kemerton today are on track with our projections. Achieving this milestone underscores our commitment and confidence in developing LiOH operations in Western Australia and in our overall strategy to drive significant shareholder value and meet our customers’ demands.” ## Stock update Although there were positive developments, negative sentiments around the stock continued to increase. As a result, Albemarle stock declined 0.7% and closed at $76.24 for the week ending January 4. The Global X Lithium ETF (LIT), which holds 4.6% of its portfolio in Albemarle, outperformed Albemarle and gained 1.3% the previous week. The decline in the stock price caused Albemarle to trade 19.8% below the 100-day moving average price of $95.07. Albemarle’s 100-day moving average has declined from the high of $132.40. In 2018, Albemarle declined 39.75%. Analysts appear to be bullish on the stock. Analysts have recommended a target price of $120.40, which implies a return potential of 57.9% over its closing price on January 4. Albemarle’s 14-day relative strength index is at 36, which indicates that the stock isn’t overbought or oversold. LIT also provides exposure to FMC (FMC), Tesla (TSLA), and Johnson Controls (JCI) with weights of 15.2%, 4.1%, and 3.2%, respectively, as of January 4. Continue to Next Part Browse this series on Market Realist: * Part 1 - DowDuPont’s Corteva Sold Its Herbicide Product Line * Part 2 - Celanese Completed the Next Polymers Acquisition * Part 3 - Westlake Chemical Completed the Nakan Acquisition
Chile's environmental regulator on Monday approved a $25 million compliance plan by top lithium producer SQM, ending a multi-year investigation by Chilean authorities that found SQM had overdrawn lithium-rich brine from the Atacama salt flat, straining water supplies in the world's driest desert. The 18-month remediation plan includes a new online system to monitor the Chilean miner's extraction rates of both brine and fresh water from the salt flat. Atacama, home to top lithium producers SQM and Albemarle, supplies more than one-third of the world's supply of the ultralight battery metal, but increasing water use by lithium and copper miners has raised concerns about sustainability in the delicate salt flat.
Albemarle's (ALB) site earthworks at Kemerton are on track and highlights commitment to develop LiOH operations in Western Australia.
Albemarle (ALB), the world’s largest producer of lithium, fell 20% in December and underperformed the broader market S&P 500 (SPY), which declined by 9.2%. The continued tussle with the Chilean government about production quotas, pricing, and the environmental authority of Chile’s refusal to provide a license has delayed progress in Chile. The latest development suggests that Chile is likely to delay the arbitration with ALB in expectation of a new offer to be in compliance with the 2016 contract.
CHARLOTTE, N.C., Jan. 2, 2019 /PRNewswire/ -- Albemarle Corporation (ALB), a leader in the global specialty chemicals industry, announced today that it has begun earthworks at the Kemerton Strategic Industrial Area, in Western Australia, for the construction of the company's Kemerton lithium hydroxide (LiOH) conversion site. Albemarle recently received the required environmental approval from the Australian federal and state government for the Kemerton plant. "The site earthworks at Kemerton today are on track with our projections," said Eric Norris, Albemarle President, Lithium.
The recent spinoff of Livent makes it the only pure-play investment in lithium for batteries. Is that a better value proposition than the world's largest lithium producer?
Chile will delay a previously announced arbitration with Albemarle Corp (ALB.N), the world's top lithium producer, in anticipation that the U.S.-based miner will make a new offer to bring it into compliance with a 2016 contract, a source close to the negotiations told Reuters. Under the contract, U.S.-based Albemarle had agreed to provide as much as 25 percent of its annual production at a discount to companies seeking to produce battery metals within Chile. The source with knowledge of the negotiations told Reuters attorneys for Albemarle and Corfo had continued conversations recently and that Corfo anticipated Albemarle would soon make a more favorable offer.
Under the contract, U.S.-based Albemarle had agreed to provide as much as 25 percent of its annual production at a discount to companies seeking to produce battery metals within Chile. The source with knowledge of the negotiations told Reuters attorneys for Albemarle and Corfo had continued conversations recently and that Corfo anticipated Albemarle would soon make a more favorable offer. Albemarle did not immediately respond to requests for comment.
Russia's state-owned nuclear power company Rosatom has offered Chile's government technology it says can boost output of lithium, a key ingredient in electric vehicle batteries, according to lobbyist transparency filings reviewed by Reuters. In separate meetings in late November, lobbyists for the Uranium One Group, a wholly owned subsidiary of Rosatom, told officials at two Chilean agencies they could sustainably boost extraction rates of the ultralight battery metal from brine, improve its quality and net more money in royalties for Chilean coffers. "If the Russian technology meets with your requirements and expectations ... Uranium One Group would be willing to introduce it ... for projects operated by SQM, Albemarle ... and other concessionaires, with the goal of increasing their production quotas," the lobbyists told Chilean officials in the Nov. 22 filings.
Analyzing Specialty Chemical Companies Last Week(Continued from Prior Part)Praxair Surface Technologies won an award On December 20, Linde’s (LIN) subsidiary Praxair announced that its subsidiary Praxair Surface Technologies won Pratt & Whitney’s 2018 Supplier Sustainability Award.
On December 17, Albemarle (ALB) announced that it signed a joint agreement with Mineral Resources Australia. As a result of the joint venture, Albemarle will acquire 50% interest in Mineral Resources’ Wodgina hard rock lithium project in Western Australia. Albemarle announced the joint venture on November 21.
The drama is playing out in the northern reaches of Chile's Andes Mountains amid the arid and austere Atacama Desert, a vast, high-altitude bowl surrounded by snow-capped volcanic peaks named after ancient gods of the indigenous people. The U.S. company, Albemarle Corp., has taken over a massive salt-flats mine, pumping scarce briny water through dried-out salt marshes and lagoons to extract the prized mineral. It's bad news for the flamingos — and boom times for the miners. Automakers have moved so fast to boost production that prices have tripled in less than four years, sending miners in a frantic search for lithium all over the world.
Albemarle Corporation (NYSE:ALB), which is in the chemicals business, and is based in United States, saw significant share price movement during recent months on the NYSE, rising to highs of Read More...