ALB - Albemarle Corporation
| Previous Close | 75.29 |
| Open | 75.83 |
| Bid | 0.00 x 1200 |
| Ask | 78.23 x 1300 |
| Day's Range | 75.77 - 77.25 |
| 52 Week Range | 71.89 - 118.83 |
| Volume | 1,457,450 |
| Avg. Volume | 1,557,887 |
| Market Cap | 8.139B |
| Beta (3Y Monthly) | 1.22 |
| PE Ratio (TTM) | 24.58 |
| EPS (TTM) | 3.12 |
| Earnings Date | Feb 20, 2019 |
| Forward Dividend & Yield | 1.34 (1.73%) |
| Ex-Dividend Date | 2018-12-13 |
| 1y Target Est | 111.52 |
- InvestorPlace•15 hours ago
10 Lithium Stocks to Buy Despite the Market’s Irrationality
Editor's note: This story was previously published in August 2018 and has since been updated and republished. No matter how innovative or utilitarian a new platform may be, all modern technologies require a catalyst to operate. For most devices, this requirement translates into a lithium-based power source. Nowadays, almost everything we use runs on the silver-white metal. Logically, the idea of buying lithium stocks is a frequently made suggestion. However, the markets sometimes deploy their own logic, which seemingly runs counter to the fundamentals. For instance, industry demand for lithium remains robust, and is likely to increase as electronics manufacturers pump out smart devices. Yet the benchmark exchange-traded fund Global X Lithium ETF (NYSEARCA:LIT) is down more than 26% over the past year. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Why the disconnect between lithium stocks and underlying industry demand? Mostly, experts in the field forecasted an overabundance of supply due to mining companies ramping-up production. Additionally, Morgan Stanley analysts predicted a massive drop in the commodity's price over the next few years that could outpace even tremendous demand from electric vehicle companies. The bearish prognostications occurred in the first two months of this year. Unfortunately, lithium and lithium-based battery stocks have largely failed to recover from the sentiment fallout. Granted, the extreme negativity makes this sector incredibly risky. But I also want to remind readers that forecasts are ultimately opinions. They may be well-crafted or well-analyzed opinions, but they're still non-factual expectations of future events. I choose to rely more heavily on actual data. The abundance of evidence demonstrates that lithium demand is increasing in virtually every corner of the broad, technological spectrum. Perhaps mining production could outpace demand. But for now, lithium continues to be among the most highly requested industrial commodities. * 10 High-Growth Stocks for the Return of the Bull Here are my ten picks for lithium stocks to take advantage of the market's irrationality. Source: Shutterstock ### Albemarle (ALB) Several of the lithium stocks that analysts commonly discuss are admittedly speculative affairs. As a result, the downturn in the lithium market has severely and disproportionately impacted the industry's direct competitors. But for a solid, renowned organization like Albemarle (NYSE:ALB), the selloff presents a viable contrarian opportunity. I'm not going to beat around the bush: ALB stock has taken a massive beating, even compared to the lithium industry's bloodbath. Over the past year, shares have lost nearly 40% in the markets. Investors are also getting jittery ahead of the company's second-quarter earnings release. That said, I'm encouraged with some positives in the company's financials. After absorbing a disappointing dip in revenues in 2016, Albemarle bounced back the following year. This year, sales are on pace to exceed 2017 results. In Q1, the chemical specialist boosted revenues to $822 million, a 14% year-over-year lift. As industry demand is only going to get stronger, Albemarle's present weakness is a great entry point. Source: Shutterstock ### Sociedad Quimica y Minera (SQM) For its sheer dominance in the sector, no discussion about lithium stocks is complete without mentioning Sociedad Quimica y Minera (NYSE:SQM). SQM is based in Chile, which according to CNBC enjoys the world's largest lithium reserves. In fact, CNBC was quite emphatic about this point, noting that no other nation comes close to Chile's 7.5 million metric tons of the hotly demanded metal. Unfortunately, as with many other lithium stocks, SQM suffers from a divergence between fundamental bullishness and technical trading. Over the past year, shares are down 27%. At the same time, the worst of the bearishness appears to have subsided. Since the beginning of 2019, SQM is up 12%. This compares very favorably to this past June, when shares lost 7%. One risk factor to watch out for is sales growth. In its last earnings report in Q1, the mining company delivered $519 million, which was dead-even against the year-ago quarter. Obviously, Wall Street will want to see significant improvement in later quarters. * 7 Retail Stocks to Buy for the Rise of Menswear That said, SQM's position as a lithium production leader should bode well for the future, if you're willing to be patient. Source: Tesla ### Tesla (TSLA) If you've followed market news over the past few months, you're well aware that sentiment toward Tesla (NASDAQ:TSLA) was poor. Primarily, questions about the company's cash burn, and its history of making big promises but failing to deliver took a heavy toll on the investment community. Plus, CEO Elon Musk's strange and rude behavior didn't do any favors for TSLA stock. Well, I must hand it to Musk. He did himself, his reputation and his company many favors by owning up to his mistakes. During the recent Q2 conference call, Musk apologized to the analysts that he dismissed in the prior quarter's call. Moreover, he was very upbeat in presenting his guidance for Tesla. Although the Q2 earnings miss was wider than analysts anticipated, Musk reaffirmed his company's commitment to profitable quarters for the second half of the year. Plus, a major announcement was that "in July it was able to repeatedly hit its target of producing 5,000 Model 3 vehicles per week." That's huge as the cash-burn problem previously centered around Model 3 production misses. Of course, I don't want to speak too early, but for me, Tesla is finally back on track. Source: Shutterstock ### Panasonic (PCRFY) Speaking strictly from a product fanbase perspective, few companies generate as much buzz as the aforementioned Tesla. I've repeatedly called Elon Musk eccentric, but that same eccentricity inspires him to create aesthetically and technologically stunning cars. However, many folks might not appreciate just how important of a role Panasonic (OTCMKTS:PCRFY) plays in Tesla's success. When most people hear the name Panasonic, they immediately think about consumer-electronic devices. While that's very much part of their business and legacy, the company is also shifting heavily toward lithium-based technologies. Panasonic and Tesla developed a strong, if somewhat underappreciated partnership. Notably, Panasonic manufactures Tesla vehicles' lithium-ion batteries at Tesla's vaunted Gigafactory. More importantly, all signs point to the two companies continuing their relationship into other business ventures. Call it a corporate "bromance" that looks to be a viable opportunity for long-term gains. This idea gets more credibility considering that PCRFY has suffered the same fate as other lithium and battery stocks. PCRFY is down roughly 36% since the year-ago period. * Take Buffett's Advice: 5 Vanguard Funds to Buy But considering the return of bullish sentiment for Tesla, I believe Panasonic will latch on for the ride up. Source: Shutterstock ### FMC (FMC) As one of the leading lithium and battery stocks in the markets, FMC (NYSE:FMC) is a must-watch name if you're interested in this sector. But admittedly, the past year hasn't panned out too well for the company -- FMC shares were down 12% year-over-year. But the overall poor sentiment in 2018 could change very quickly in 2019. In August, FMC reported a near-doubling of profitability from the year-ago level. For Q2, the company delivered net income of $129.7 million, or 96-cents-per-share. This compared very favorably to Q2 2017, when FMC posted $74.7 million, or 56-cents-per-share. Management stated that the primary catalyst for the profitability boost was its 2017 buyout of DowDuPont's (NYSE:DWDP) agricultural assets. But also noteworthy were lithium sales, which have witnessed a resurgence. This is great news for FMC's upcoming spin-off of its lithium business, slated for October of this year. If you're seeking a direct lithium play, keep a close eye on FMC as the initial public offering draws closer. Source: Shutterstock ### Power Metals (PWRMF) Contrary to what some may believe, not all lithium-mining processes are the same. Currently, the two most popular methods are lithium brines and lithium-cesium tantalum pegmatites, or more commonly referred to as "hard rock." Lithium brines represent the most popular method, but the drawback is that the process is vulnerable to weather-related issues. Given that industry demand for the metal is constantly rising, unfavorable weather could severely impact production. To get around this issue, lithium miners are exploring hard rock, which is essentially weather-independent. One mining company that's putting the hard-rock concept to the test is Power Metals (OTCMKTS:PWRMF). With several projects spread around resource-rich Canada, Power Metals aims to be a significant provider of lithium. Plus, the company's geographically-stable region is a big positive for PWRMF stock. * 7 Companies Apple Should Consider Buying That's the good news. The not-so-great news is that PWRMF is a genuine, over-the-counter penny stock. Shares are down 80% over the past year, which tells you all you need to know. Still, if you're looking for a potentially explosive contrarian play among lithium and battery stocks, Power Metals is it. Just bet carefully and responsibly. Source: Shutterstock ### Lithium Americas (LAC) Lithium Americas (NYSE:LAC) is a direct but completely speculative gamble on the underlying sector's growth potential. While LAC earned itself a healthy does of street cred with its joint venture with Sociedad Quimica y Minera, the company has no production assets. That's not necessarily a deal-breaker as it has legitimate plans to attain those assets. Still, you're taking a risk that management will follow through. And while the markets have not been kind to lithium stocks, LAC has taken the brunt of the damage. Year-over-year, shares have tanked 55%. Clearly, this is not an investment for the faint of heart! Having said that, I believe that analysts' consensus bearishness toward the lithium industry is overplayed. Yes, commodity prices fluctuate year-to-year for various reasons. However, demand for lithium is broadly trending higher. It's not just electric vehicles and other physically imposing technologies that require lithium. Consider that the burgeoning e-cigarette or vaporizer market requires a healthy lithium supply chain to keep running. So long as the drive for innovation exists, so too will lithium demand. This adds some measure of confidence to the otherwise speculative LAC stock. Source: Shutterstock ### Galaxy Resources (GALXF) Most direct plays in the lithium sector invariably involve mining stocks. Even in the best circumstances, commodity miners aren't known for their stability and reliability. That said, one of the better ways to help mitigate this risk is to seek companies with diversified portfolios. Galaxy Resources (OTCMKTS:GALXF) is one such example. Galaxy's primary claim to fame is its Sal de Vida project, located in northwest Argentina. Situated in what industry experts term the "lithium triangle", the area produces more than 60% of global annual lithium supply. Beyond that, GALXF has projects in its native Australia, as well as Canada. Both regions are geopolitically stable, eliminating a major headache for investors. Regarding risk factors, you should note that GALXF is essentially a penny stock with a share price just over $2. Furthermore, its performance reflects the volatility associated with cheap equities, as GALXF has lost nearly 50% in the markets over the past year. * 7 Dark Horse Stocks You Really Need to Look at for 2019 If you're willing to take the chance, bearishness in GALXF has slowed significantly. As a high-risk, high-reward gamble on the lithium industry, Galaxy Resources is an intriguing idea. Source: Shutterstock ### Toshiba (TOSBF) Similar to Panasonic, Toshiba (OTCMKTS:TOSBF) is primarily known for its electronic devices, particularly its laptop computers. While their primary businesses are unlikely to change, Toshiba is shifting resources heavily toward lithium technologies. They have already achieved substantial success with high-power, quick-recharging batteries, with more innovations in the pipeline. And while TOSBF is a legitimate play on lithium-based battery stocks, its multi-varied product portfolio affords it volatility protection. Shares are up roughly 5% YTD, which is a rarity in this sector right now. The other advantage for Toshiba is that the company has suffered from prior missteps. Having got the ugliness out of the way, the company is on a recovery path. This is the opposite of many lithium and battery stocks, which have been on a downward slide in 2018. As such, TOSBF offers meaningful exposure to lithium while effectively acting as a hedge. Source: Shutterstock ### Fujitsu (FJTSY) Japanese tech firm Fujitsu (OTCMKTS:FJTSY) is one of the most respected names in computers and consumer electronics. However, some of their best innovations recently have focused on lithium batteries. For instance, last year, Fujitsu developed a high-voltage lithium battery that doesn't require cobalt materials, which have certain structural disadvantages. Going along with the trends witnessed in other lithium and battery stocks, FJTSY is currently enduring a poor year. Shares are basically flat YTD. That said, FJTSY appears to have hit a bottom in early spring. Since March 23, the tech firm gained 18.5% in the markets. * The Bogle Way: 7 Index Funds for Passive Investors One of the biggest risk factors for Fujitsu is that it's a Japanese company; like its peers, you must have some faith in Japan's economic recovery plan. However, some tangible positives exist, including steadily rising revenues and a fairly solid balance sheet. As of this writing, Josh Enomoto is long TOSBF. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Companies Apple Should Consider Buying * 7 Beaten-Up Housing Stocks Due for a Bounce Back * Take Buffett's Advice: 5 Vanguard Funds to Buy Compare Brokers The post 10 Lithium Stocks to Buy Despite the Market's Irrationality appeared first on InvestorPlace.
- Markit•2 days ago
See what the IHS Markit Score report has to say about Albemarle Corp.
# 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 Managers’ 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 score@ihsmarkit.com. 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.
- PR Newswire•3 days ago
Albemarle Corporation to release fourth quarter 2018 earnings results on Wednesday, Feb. 20, 2019
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 ...
- Motley Fool•4 days ago
Albemarle and Livent Stocks Downgraded: What You Need to Know
Nomura cools on these two lithium stocks.
- American City Business Journals•5 days ago
CEO 'exceedingly pleased' with Piedmont Lithium's progress on proposed mines for Charlotte region
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.
- Motley Fool•6 days ago
Better Buy: Albemarle vs. Lithium Americas
You don't have to buy into a speculative start-up to reap large gains in the lithium business.
- Motley Fool•6 days ago
Here's Why Albemarle Fell 39.7% in 2018
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.
- Reuters•10 days ago
Explainer - SQM and Chile reach lithium deal, but Atacama water woes continue
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.
- Reuters•10 days ago
EXPLAINER-SQM and Chile reach lithium deal, but Atacama water woes continue
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.
- Simply Wall St.•11 days ago
Should You Be Worried About Albemarle Corporation’s (NYSE:ALB) 10% Return On Equity?
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...
- Reuters•11 days ago
EMERGING MARKETS-Latam currencies mixed, Brazil stocks retreat from record highs
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.
- Reuters•12 days ago
Chile okays lithium miner SQM's plan to remedy water violations
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.
- Market Realist•12 days ago
Albemarle Starts EarthWorks at Kemerton
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
- Reuters•12 days ago
Chile okays lithium producer SQM's plan to remedy water violations
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.
- Zacks•16 days ago
Albemarle Initiates Earthworks at Kemerton Lithium Site
Albemarle's (ALB) site earthworks at Kemerton are on track and highlights commitment to develop LiOH operations in Western Australia.
- Market Realist•16 days ago
Why Albemarle Slumped 20% in December
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.
- PR Newswire•17 days ago
Albemarle Begins Earthworks at Kemerton Project, Remains On-Target in Western Australia Expansions
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.
- Motley Fool•17 days ago
Better Buy: Albemarle vs. Livent
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?
Reuters•23 days agoExclusive: Chile to delay arbitration with top lithium producer Albemarle
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.
Reuters•23 days agoExclusive: Chile to delay arbitration with top lithium producer Albemarle
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.
- Reuters•23 days ago
Russia's Rosatom tells Chile it can help boost lithium output
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.
Market Realist•24 days agoPraxair Surface Technologies Won an Award
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.
Market Realist•24 days agoAlbemarle Entered a Definitive Agreement with Mineral Resources
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.
- Bloomberg•28 days ago
Score One for the Flamingos in High-Altitude Fight for Lithium Supplies
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.
- Zacks•last month
US Chemical Industry Rebounds in November As Output Rises
U.S. Chemical production went up across all regions in November barring the Gulf Coast.
