At one point, electric vehicles were seen as the next world-changing industry. It seemed inevitable that electric vehicle adoption would take over the automotive world. However, while many people have tended to lump together EV developments with the tech sector, it’s important to remember that consumers ultimately drive EV success. Over the past few years, consumer sentiment has been challenged by inflation and EV companies have struggled as a result. Nonetheless, beaten-down sectors like EV currently have ...

CHARLOTTE, N.C., June 12, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, today published its 2023 Sustainability Report, All the Elements for a Better World, detailing updates on sustainability strategy execution and the important progress made toward achieving the company's sustainability goals. "As a purpose-driven and values-led organization, sustainability is core to who we are and how we choose to o ...

Just_Super Cyclical commodity producer in a downturn Albemarle Corporation (ALB), many would argue is in a cyclical downturn as the consumer's ravenous appetite for EVs has seemed to quell. On top of that, arguments that different battery chemistries may be popping up to challenge lithium as a cathode material have also been ringing bells. My last article on the company was in March of this year. Albemarle came out with a cost-cutting program in order to find a solution to return to positive free cash flow. ...

Plan includes responsible land and material use, environmental protection measures and ongoing community engagement CHARLOTTE, N.C., June 11, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, has introduced its project plan for the Kings Mountain Mine, one of the few known hard-rock lithium deposits in the U.S. The plan includes the proposed site footprint, primary physical features and details of the minin ...

Battery stocks are a compelling investment opportunity that every investor should consider. These companies offer significant growth potential and play a crucial role in the global transition to a carbon-free energy model. As the world rapidly shifts towards renewable energy and electric vehicles (EVs), battery technology is becoming increasingly important. This forms my article for these best battery stocks to buy. In this article, we’ll explore three battery stocks that are solid buys for investors. These ...

sasha85ru I continue to believe anyone who is forecasting large electric vehicle [EV] growth over the next decade, should also weight the pros and cons of owning the fully integrated, low-cost lithium producer Albemarle (NYSE:ALB) in portfolio construction. Lithium batteries appear to have a stranglehold on the EV market that will be hard to break, absent a revolutionary energy storage breakthrough. Lithium is highly conductive with an extraordinarily light weight for a metal (the lightest metal on the peri ...

Lithium stocks have been depressed for an extended period on the back of a plunge in lithium prices. Since markets tend to overreact, I see some of the best lithium stocks trading at a deep valuation gap. It’s difficult to time the markets, but this is the best opportunity to consider exposure to the lithium theme. For investors who can buy and hold with patience, multibagger returns are in the offering. An important point to note is that as demand for lithium increases, the supply gap is likely to widen. B ...

The return of Keith Gill, the trader commonly known as Roaring Kitty, has sparked a great deal of enthusiasm. All sorts of meme stocks and heavily shorted companies are seeing their share prices rally on this development. Companies aren’t necessarily good investments simply due to high short seller interest, however. In fact, many companies that are heavily shorted have major structural problems. Those include poor balance sheets, unprofitable operations or questionable levels of management competence. Howe ...

With the world fighting to go green, it just makes sense to invest in renewable energy stocks to buy. Look at First Solar (NASDAQ:FSLR). In early April, I highlighted an opportunity in the solar stock, as it traded at around $163. Today, it’s up to around $277. All thanks to the news that it is well-positioned to benefit from rising electricity demand from artificial intelligence giants looking for clean power for their data centers. In fact, according to CNBC: “AI uses 10 times more electricity than tradit ...

Key Points Albemarle reported net sales of $1.4 billion in Q1 2024, driven by growth in energy storage volumes. Analysts project the global EV market to grow to 230 million vehicles by 2030, benefiting Albemarle significantly. The company’s strategic initiatives and productivity improvements led to $90 million in cost savings in Q1 2024. Albemarle’s financial outlook for FY 2024 remains strong, with expected net sales between $5.5 billion and $7.6 billion. 5 stocks we like better than Albemarle Much like th ...