105.42 +0.48 (0.46%)
After hours: 5:15PM EDT
|Bid||0.00 x 800|
|Ask||0.00 x 1400|
|Day's Range||104.46 - 106.10|
|52 Week Range||86.75 - 144.99|
|PE Ratio (TTM)||35.03|
|Earnings Date||Nov 6, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||1.34 (1.27%)|
|1y Target Est||126.50|
On September 21, Cabot (CBT) announced that it plans to increase activated carbon prices. The price increase will be effective on October 1 or as the contract allows. The price increase will be 5%–10% globally.
Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as Albemarle Corporation (NYSE:ALB) a safer option. Doing business globally, large caps tend to have diversifiedRead More...
An oversupply of lithium this year has nearly halved prices this year in China, halting an unprecedented run for the key component for batteries used in electric vehicles. A boom in electric vehicles has boosted prices for components of lithium-ion batteries including lithium and cobalt, as consumers such as car companies to scramble to secure supplies. Prices in China, the world's biggest consumer of lithium, plunged to $13,000 per tonne in August from a peak of $24,750 in March, according to prices tracked monthly by Benchmark Mineral Intelligence (BMI).
Chile's congress is studying a proposal for an additional royalty payment for copper and lithium miners operating in the country to bolster the development of the regions around their deposits, according to a draft seen by Reuters. The initiative, which was put forward by opposition legislators from mining areas and does not have government backing, proposes a 3 percent tax on the nominal value of extracted metals and would apply to copper miners producing more than 12,000 tonnes of copper a year and 50,000 tonnes of lithium. It was sent on Thursday evening to the mines and energy committee of the country's house of representatives, but support for it remains in question since it was put forward by lawmakers from a number of small parties pushing for Chile's decentralization.
The U.S. chemical industry is in the middle of a shale-induced investment boom leveraging access to abundant and cheap feedstocks.
Stick with the most reliable and well-grounded stock charts, and make Walt Disney (NYSE:DIS), Albemarle (NYSE:ALB) and Hormel Foods (NYSE:HRL) your first looks on Wednesday. For a short while late last week it looked as if Walt Disney might break free from its slump and rekindle the kind of bullishness seen following its late-May low.
FMC (FMC) has struggled so far this year, underperforming the S&P 500 Index and the VanEck Vectors Agribusiness ETF (MOO). The overall consensus recommendation on FMC in September is a “buy.” Of the 16 analysts covering the stock, three have given it “strong buy” recommendations compared to four in August. Over the same period, the number of analysts recommending “buys” has fallen to nine from 11 a month ago.
In a market near all-time highs, chemical stocks look like a potential source of value. Shares of top chemical companies still look reasonably cheap, with many priced at a mid-teen — or lower — multiples to earnings and free cash flow.
Albemarle (ALB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The comments, which have not previously been publicly reported, come at a time of rapid growth and cutthroat competition across the lithium sector as Albemarle seeks to tap into surging demand for high-tech batteries like those used in Tesla Inc's (TSLA.O) Model X and other electric vehicles. Shares of Charlotte, North Carolina-based Albemarle fell less than 1 percent to $95.86 (74.91 pounds) on Wednesday, in line with broader markets. Philadelphia-based FMC, primarily a pesticides maker, said in February it would launch a $500 million initial public offering in October of a stake in its lithium business.
Albemarle (ALB) has announced the key dates for its Q3 2018 dividend. To be eligible for the dividend, investors must be shareholders of record as of September 14. The dividend is expected to be paid on October 1.
The pivot comes as battery makers such as Panasonic Corp , the sole battery supplier to Tesla Inc (TSLA.O), increasingly demand more purified versions of lithium that can help boost electricity storage and increase a battery's charge, shaping Albemarle's strategy, according to sources and documents reviewed by Reuters and confirmed by the company. Once used primarily as a pharmacological treatment for bipolar disorder, lithium has become one of the world's most in-demand commodities thanks to the rising popularity of electric vehicles powered by lithium-ion batteries. Albemarle's strategy, which includes developing a battery research center near its North Carolina headquarters, is aimed at setting it apart from its major competitors, including Chile's SQM (SQMa.SN) and China's Tianqi Lithium Corp .
As global demand for lithium hits overdrive, Albemarle Corp is investing millions of dollars to engineer specialized types of the light metal for electric car batteries, part of a strategy to remain the niche market's top producer. The pivot comes as battery makers such as Panasonic Corp , the sole battery supplier to Tesla Inc, increasingly demand more purified versions of lithium that can help boost electricity storage and increase a battery's charge, shaping Albemarle's strategy, according to sources and documents reviewed by Reuters and confirmed by the company. Once used primarily as a pharmacological treatment for bipolar disorder, lithium has become one of the world's most in-demand commodities thanks to the rising popularity of electric vehicles powered by lithium-ion batteries.
On Chilean water regulator Oscar Cristi's desk, a small white espresso cup teeters atop piles of documents and loose folders that appear on the point of collapse, perhaps an apt metaphor for the growing water crisis in parts of the Andean country. Sitting in his eighth-floor office adjacent to the presidential palace, Cristi, a PhD economist, lays out a map of Chile showing key watersheds for mining. Soon, if Cristi gets his way, they will be red, meaning new water rights will be banned.
CHARLOTTE, N.C., Aug. 28, 2018 /PRNewswire/ -- Albemarle Corporation (ALB), a leader in the global specialty chemicals industry, announced today that it has named Ellen Lenny-Pessagno as Chile Country Manager, effective Oct. 1, 2018. In this role, Lenny-Pessagno is responsible for representing the company in Chile, supporting the execution of the corporate strategy, and leading all government and community engagement. Lenny-Pessagno joins Albemarle as a prominent leader in her field, with over 25 years of international business and trade development experience as a former member of the Senior Foreign Service.