Albemarle Corp (ALB)

273.10
+18.05(+7.08%)
  • Volume:
    842,387
  • Day's Range:
    257.88 - 273.53
  • 52 wk Range:
    157.82 - 291.48

ALB Overview

Prev. Close
255.05
Day's Range
257.88-273.53
Revenue
3.63B
Open
258.28
52 wk Range
157.82-291.48
EPS
2.38
Volume
842,387
Market Cap
31.72B
Dividend (Yield)
1.58
(0.62%)
Average Vol. (3m)
1,145,268
P/E Ratio
107.23
Beta
1.42
1-Year Change
57.24%
Shares Outstanding
117,112,692
Next Earnings Date
Aug 10, 2022
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Albemarle Corp News

Albemarle Corp Analysis

Albemarle Corp Company Profile

Albemarle Corp Company Profile

Industry
Chemicals
Sector
Materials
Employees
5900

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties; and reagents, such as butyllithium and lithium aluminum hydride for use in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers for car tires, rubber soles, plastic bottles, catalysts for chemical reactions, organic synthesis processes in the areas of steroid chemistry and vitamins, life sciences, pharmaceutical industry, and other markets. It also provides cesium products for the chemical and pharmaceutical industries; zirconium, barium, and titanium products for pyrotechnical applications that include airbag initiators; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services. The Bromine segment offers bromine and bromine-based fire safety solutions; specialty chemicals, including elemental bromine, alkyl and inorganic bromides, brominated powdered activated carbon, and other bromine fine chemicals for use in chemical synthesis, oil and gas well drilling and completion fluids, mercury control, water purification, beef and poultry processing, and other industrial applications; and other specialty chemicals, such as tertiary amines for surfactants, biocides, and disinfectants and sanitizers. The Catalysts segment provides hydroprocessing, isomerization, and akylation catalysts; fluidized catalytic cracking catalysts and additives; and organometallics and curatives. The company serves the energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, and crop protection markets. Albemarle Corporation was founded in 1887 and is headquartered in Charlotte, North Carolina.

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  • Food for thought and comments welcome! I am not impressed with ALB's sluggish revenues in 2020 and 2021. With increased demand and higher selling prices, revenues should be growing agressively YOY. EV sales is expected to be higher and grow faster in China; much of the world's lithium supply is in China and this is also where the majority of batteries are being made. I got out of ALB and into the ETF LIT which has a large exposure to China lithium related companies (besides ALB as the number 1 holding with 10% and China nearly 45%). Holdings still not ideal but better than ALB alone and good enough to stay in the lithium game. Also stock in those Chinese companies are not easy to purchase through your regular broker. See here for details on the ETF: https://etfdb.com/etf/LIT/#holdings; also TESLA has signed a deal with Ganfeng last November.
    1
    • ALB is the clear #1 holding in LIT and has been trouncing the etf for years...just goes to show you can't count on individual stocks, better to stick with broad market etfs and funds
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    • And now look at thr revent earning revisions (2x in the last 3 weeks)
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  • MP’s initial magnetics facility in Fort Worth, Texas, will source materials from Mountain Pass, California, restoring a fully integrated U.S. supply chainMP has entered a long-term agreement with General Motors to supply U.S.-sourced and manufactured rare earth alloy and magnets to power more than a dozen models using GM’s Ultium PlatformThe facility will produce NdFeB alloy and magnets with the potential to power approximately 500,000 EV motors per year; a gradual production ramp is expected to begin in 2023
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    • What could be the impact of higher rate on this?
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      • That this action is very inflated the P / E is very high these actions are practically floating
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      • Well, I closed my positions weeks ago.
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    • 🚀🚀🚀
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      • This is going to be 500+ in 2022 !
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        • Buy buy buy it is completely oversold
          2
          • 3 months 0% movement
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            • It is 0% for 3 months it is overdold
              1
              • Way too overvalued
                1
                • ALB will be around $1,500 by next year. Lithium is a material of scarcity and handful companies own them.
                  1
                  • it is true that lithium is scarce but be careful because its recycling is becoming so much more convenient than its extraction.
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