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Albemarle Corporation (AMC.F)

Frankfurt - Frankfurt Delayed Price. Currency in EUR
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83.00-0.25 (-0.30%)
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  • J
    JIII
    I own a chunk of ALB (& a bit of SQM), for the long term. Electric seems to be the wave of the future - perhaps faster should Biden win, but still marching forward should Trump prevail.

    I also own a chunk of LTHM. My question for participants on this board since they seem more informed than other boards is for some of their thoughts on LTHM.

    Any input from y’all would be greatly appreciated. Many thanks.
    Bullish
  • e
    er
    What happened to the lithium stocks yesterday? They all dropped in unison.
  • S
    Stephanie Mitchell
    Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today the company has been selected by the U.S. Department of Energy (DOE) as a critical partner for two lithium research projects over three years through a Battery Manufacturing Lab Call. Albemarle will work in conjunction with two DOE labs on the company's approved projects.

    The first project, in collaboration with Argonne National Laboratory, is "Advanced Brine Processing to Enable U.S. Lithium Independence." This research enables the development of a novel technology which provides a new production route eliminating steps in the current state-of-the-art process by going directly from lithium chloride to lithium hydroxide.

    The second project, which will be done in partnership with Pacific Northwest National Laboratory, is "Scaling Up of High-Performance Single Crystalline Ni-rich Cathode Materials with Advanced Lithium Salts." This project will accelerate the commercialization of high-energy cathodes for extended battery life in the electric vehicle (EV) application.

    https://investors.albemarle.com/news-releases/news-release-details/albemarle-selected-us-department-energy-lithium-research
    The Investor Relations website contains information about Albemarle Corporation's business for stockholders, potential investors, and financial analysts.
    The Investor Relations website contains information about Albemarle Corporation's business for stockholders, potential investors, and financial analysts.
    investors.albemarle.com
  • E
    Electric Mike
    I should know better than this, but I just took a position worth about 1% of my 401K holdings in a battery company startup / reverse acquisition called KCAC. They claim to have solid state battery technology and the backing of both VW and Jeff Bezos. The last time I bought into a similar Ivy League battery tech startup it was A123, and it didn’t go well.

    What do you guys think, will it get hyped up or just slowly drop in value?
  • D
    Dan
    Ok I just bought more. In for a penny. In for a pound. The fundamentals are still good and I still see significant upside over the next few years COVID or not. There’s also going to be dips as profit is taken.
  • S
    Stephanie Mitchell
    Don't forget that ALB publishes their quarterly earnings presentations the night of the press release (today), even though the earnings call is tomorrow. Like a dummy, I was digging through the filings instead of taking it in the easy way.

    I am glad to see that they beat earnings today (planned cost savings and FX translation helped). Lithium volume was actually up 1% (price down 14%).

    From an outlook perspective (more important) they are predicting earnings to be sequentially down another 10%-20% next quarter. I think some analysts were predicting better and some worse than that for next quarter. ALB indicated that they are going to selectively idle some battery grade capacity next quarter. Importantly, I didn't see any hints in the presentation that they are under pressure to re-negotiate contracts again.

    At first blush the IHS Markit Global EV production chart on slide 12 showing that EV production is only increasing by 0.5M in 2020 was a little disappointing. But it also showing part of that demand pushing into 2021 instead of evaporating (another way to say that is 2021 is closer to its original estimate that 2020 is).

    Overall, I am still long and happy...

    https://investors.albemarle.com/static-files/dd1535e6-2a26-452b-bed3-6ce58f1998a5
  • D
    Dan
    All kinds of news. GM possibly splitting off electric vehicle group. Volkswagen building battery plant in US. Tesla stating aggressive production numbers for China. The run’s going to start now. I laughed at Amazon and Apple at 100. Not making the same mistake again. Now as a commodity supplier I dont expect ALB to match Amazon but closer to other energy suppliers like Mobil/Exxon. I’m good with that.
  • S
    Stephanie Mitchell
    We finally did a nice job of breaking through that $89ish resistance, despite the worst news coming out on the conference call regarding 2021 contract price renegotiations (quote below).

    I don't believe there is any more BAD news to come out, my last worry was that Livent (LTHM) was going to bring bad news on its earning call but they broke even on the current very low prices. The Livent conference call is also noteworthy in that there was much discussion in regard to the current lithium prices not supporting the investment that is going to be required to meet demand around 2023.
  • V
    Victor
    does anyone know if solid state cells use more or less lithium in their cells. per kwh?
  • a
    arthur
    to $100 soon!
  • D
    Dan
    Ahhh I think automatic sells at 100 are what hurt us yesterday. Beware round numbers.
  • b
    beep
    takeover target?
  • S
    Sue G
    Sponsored There is one important commodity that is most likely to survive the coronavirus pandemic and stock market upheaval…that’s why… As the World Wrestles Control from China…Don’t Go To Sleep On Lithium… or ALLIF… Because While Other Commodities
    Sponsored There is one important commodity that is most likely to survive the coronavirus pandemic and stock market upheaval…that’s why… As the World Wrestles Control from China…Don’t Go To Sleep On Lithium… or ALLIF… Because While Other Commodities
    investingtrends.com
  • C
    CAMEL
    Does anyone know if the new battery technology hurts alb's sales? lithium-iron seems to be where it's heading, will that disrupt sales or the lithium that's being mined now has the ingredients for the new technology, i heard kramer last night say " do not buy " alb " that the new technology can hurt alb?, any thoughts?, thanks
  • e
    er
    I guess after a good take the money and run. Maybe the long needed correction is about to begin. My portfolio has taken an awful beating today. Usually it’s a Friday there’s a sell before the weekend.
  • S
    Stephanie Mitchell
    Albemarle competitor Tianqi Lithium Corporation (002466.SZ) is up 10% in trading in China today. Feels like Chinese investors at least are starting to appreciate the TSLA move. Tianqi has more than doubled from the April bottom, with almost half that gain in the last week.
    Not sure on the latest Tianqi fundamentals, but earlier this year they were not doing well having taken on a bunch of expensive debt to buy a large share of SQM at the top of the Lithium market and then had the asset significantly depreciate before being able to issue low cost bonds as planned to lower financing costs. In other words they are not exactly a high quality stock in comparison to ALB.
  • L
    Leon
    Check out LIT, it's and etf with all the best companies in the world that make batteries, ALB and Tesla included as well as Panasonic and Samsung. It's LIT!!
  • B
    Buzz
    Looks like bets are being placed on good earnings tomorrow ...
  • M
    Matthias
    I believe we will be trading somewhere between $90 - $100 after earnings report is released.
    Bullish
  • S
    Stephanie Mitchell
    You can ignore most of this article, it is by a fund manager that has been short Tesla a long time. However, at the end of the article he has links to news stories on direct competitors to Tesla in the categories of Electric Vehicles, Chinese EV, Cell and Battery Makers, Charging Networks and Energy Storage.
    Being long or short Tesla is too risky to me, but I think it is apparent that the investment that is going into electric vehicles and infrastructure beyond Tesla remains huge. And, to me ALB still seems like a comparatively low risk / high reward way to cash in on it.

    https://finance.yahoo.com/news/tesla-no-longer-even-growth-121604978.html