46.83 +0.01 (0.02%)
After hours: 4:48PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||46.35 - 47.72|
|52 Week Range||32.38 - 64.20|
|PE Ratio (TTM)||28.81|
|Forward Dividend & Yield||0.86 (1.76%)|
|1y Target Est||N/A|
Lithium stocks have soared in recent years -- this comparison should help investors make decisions in this dynamic space.
Lithium capacity expansion and geographic diversification plans were among the major topics discussed by the world's second-largest lithium producer's management on the Q4 earnings call.
On March 9, 2018, Albemarle (ALB) announced that Chile’s Economic Development Agency increased the company’s lithium quota. According to the new contract, Albemarle can produce 145,000 metric tons of lithium carbonate equivalent until 2043 in Chile. Albemarle will use its new innovative technology to produce more lithium without pumping additional brine, which could bring down its cost and improve margins.
Citing concerns about unfair competitive advantages in the EV market, the South American country is trying to prevent the Chinese from buying Nutrien's 32% stake in the world's second-largest lithium producer.
Steel and aluminum production aren't the only industries the president wants to bring back to the United States.
The NexGen lithium sector has been a favorite of mine for some time now. In fact, Albemarle Corporation (NYSE:ALB), one of three major players in the global lithium space, was my pick for InvestorPlace.com’s Best Stocks for 2017 contest and it returned a whopping 48.6% last year.Source: fdecomite via Flickr
SQM, Albemarle, and FMC Corp. stocks have dropped due to concerns that lithium prices will decline because of a lithium oversupply in the market beginning in 2019.
On a per-share basis, the Santiago, Chile-based company said it had net income of 42 cents. The chemicals company posted revenue of $574.8 million in the period. For the year, the company reported profit ...
Mexico's peso sank on Monday, hurt by worries over the future of the country's free trade deal with the United States, while Chilean equities fell on losses in a lithium miner and the forestry sector. ...
Sociedad Química y Minera de Chile, Albemarle and other lithium stocks tumbled Monday, on worries that surging output to meet demand from EV makers will weigh on prices.
Sociedad Química y Minera de Chile (SQM) is expected to report its 4Q17 earnings on February 27, 2018, with EPS (earnings per share) of $0.43. As of February 22, 2018, the consensus mean rating for Sociedad Química y Minera de Chile (SQM) from 12 analysts surveyed by Reuters was 2.3. Of those 12 analysts, three had a “strong buy” recommendation for the stock, and four had a “buy” recommendation for the next 12-month period.