Investors have turned negative on the prospects for lithium as the EV market has cooled.A UBS analyst recently lowered his price target for lithium mining company Albemarle (ALB -1.08%) stock to $124 from $132, but kept a neutral rating on the stock. However, even that lower price target still implies a more than 20% upside from Tuesday's closing price.As Joshua Spector of UBS notes, the price of lithium has improved marginally in 2024, but it's still far below where it peaked in November 2022.Unfortunately ...

Battery stocks have been battered over recent months. Falling lithium prices due to oversupply, subdued demand in China and lackluster sales figures from the electric vehicle (EV) market have all contributed to the rare earth mineral’s plummeting price. According to Koyfin, the price of lithium carbonate has fallen 68.8% over the past 12 months. While there was somewhat of a recovery in Q1 of 2024, it appears prices are back in free fall.Despite this big of macroeconomic news not being good for the overall ...

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 l ...

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 op ...

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 f ...

Plan includes responsible land and material use, environmental protection measures and ongoing community engagementCHARLOTTE, 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 mining ...

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. By ...

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.Howeve ...