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Albemarle Corporation (ALB)

NYSE - Nasdaq Real Time Price. Currency in USD
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205.15-3.83 (-1.83%)
At close: 04:00PM EDT
205.96 +1.03 (+0.50%)
After hours: 07:32PM EDT
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  • D
    Dan
    We were so worried about the socialists in Chile we forgot about the socialists in Cali.
  • b
    bigbear
    News Flash...
    Albemarle Corp plans to build a lithium processing plant in the United States that would produce as much of the electric vehicle battery metal as the entire company produces today, a bullish bet on America's all-electric future, an executive said on Monday.
    The company as a result aims to build a processing plant with 100,000 tonnes of annual capacity in the U.S. Southeast somewhere within rail access of a major port, Norris said.
    I wonder if it will be near the Toyota Battery planet here in North Carolina??

    https://finance.yahoo.com/news/1-albemarle-plans-major-u-185828902.html
  • E
    Electric Mike
    I can't post a link, modbot must consider it good news. There are news articles out today with a tagline 'Game over for the Internal Combustion Engine' indicating that Europe is a step closer to approving draft legislation to ban sales of CO2 emitting cars by 2035. Part of a broader package intended to reduce CO2 emissions by 55% by 2030 that was negotiated in a committee and now goes to the full European parliament for another round of negotiations.
  • v
    v
    ALB finally wakes up. Figuring out they can not compete in a communist country selling a commodity. They are over concentrated there and overexposed to country risk. All their conversion capacity can be barred from export with tariffs or just by simple shipping over-charges. The CSuite should be fired. They already gave away their IP, building their capacity fully observable by corp espionage.
  • E
    Electric Mike
    The Google overlord just freaked me out a little. It is a Friday before a long weekend and suddenly I am getting hit by adds for Corvettes out of the blue. And when do I generally talk about Corvettes?
    So I logged on to my account real quick wondering it it knows something that I don't. And, I was like "Shucks" I am already down a Corvette this week!
  • b
    bigbear
    Raising Our Lithium Producer Fair Value Estimates on Higher
    Price Forecast
    Analyst Note Seth Goldstein, CFA, Senior Equity Analyst, 22 Jun 2022
    We have raised our near- and medium-term lithium price forecast. Due to undersupplied market
    conditions, lithium prices are currently in the mid-$70,000 per metric ton range, which is near the all-
    time highs set earlier this year and well above our marginal cost estimate of $12,000 per metric ton.
    While we expect prices to moderate slightly, we forecast lithium carbonate prices will average $70,000
    per metric ton in 2023, down less than 10% from current levels.
    After updating our models to incorporate these changes, we raise our fair value estimates for the
    lithium producers we cover. Narrow-moat Albemarle's fair value estimate increases to $320 per share
    from $290. Narrow-moat Livent's fair value estimate increases to $38 per share from $35. Narrow-moat
    SQM's fair value estimate increases to $115 per share from $100. No-moat Lithium Americas' fair value
    estimate increases to $65 (CAD 84) per share from $49 (CAD 63).
    For investors who want to eschew increased company-specific risk, we also view Albemarle, Livent, and
    SQM as undervalued with the stocks all trading in 4-star territory based on our updated fair value
    estimates. Of the three, our top pick is Albemarle based on an attractive valuation and lower relative risk.
    From - Morningstar..
  • D
    Dan
    Quiet here of late. Everyone just hiding under their rock hoping things just blow over?
  • D
    Dan
    Premarket and futures look bleak. It strikes me the weird position we find ourselves in as we look at the economic downturn precipitated by pandemic and war and supercharged by central bank policy the poured so much liquidity into the system pockets overflow with cash that is worth less day by day. But the people on this board and lithium (and solar and wind) investors in general know that the future will favor our investments over the traditional energy supplies that are roaring today. We’re not insulated from the market in general and the real questions are how much resistance to a downturn do we really have and how does all this affect the timeline of the pivot to renewable? We surmise it will accelerate the process but it takes investment and that may be hurt by companies starting to take defensive positions. I wish I had kept my positions in XOM and CVX but I didn’t anticipate Russia’s actions completely roiling the global oil market. Damn crystal ball missed that one. I think we’re in for a year of pain and I don’t know whether to sit it out or stay put. Too many external and contrary forces in play to see how coupled we are into the market in total. The best buffer would be big oil pumping money into lithium now but they may hold off to see if the general downturn drops the price of lithium companies to much sweeter levels.
  • b
    bigbear
    Can't pass this up, on CNBC when the market is down hard, these two guys show up!!
    Mohamed El-Erian, and Dan Niles, they where guests on CNBC today, these two Money Runners never miss the chance to pile on and try to talk down the market when appearing on the show. Almost always on the show when the Market is getting crushed. Today Niles admitted he has lots of shorts on Tech stocks.
    They are like Goldtrud they have an agenda, and it is themselves.
  • D
    Dan
    Yahoo Finance article talks about the effect of rising costs on auto demand. Only briefly mentions EVs and their cost. What I think is being missed is all these photos of storage yards filled with cars waiting for components. Once the supply chain does unwind a bit more these cars will be quickly turned into salable inventory. At that point supply/demand flips and car companies will be forcing these units on dealers who will have to discount them to move sufficient volume. It’s already starting to happen in other industries and parts of retail are finding they have too much inventory. I think a glut of cheaper gas cars will depress EV sales to some extent for a year or two. They will still grow YOY but it will be a kink in the curve that I haven’t seen mentioned.
  • b
    bigbear
    So much for our "Dead Cat"; he just hit with a splat!
    Ok, not many folks here, but what is the Fed doing tomorrow 1/2 or 3/4 per cent??
    My guess 1/2%
  • V
    Victor
    strange markets today
  • E
    Electric Mike
    Argentina has been in the news a lot lately. I missed this one from RBC. They claimed yesterday that ALB was down with other Lithium producers as ARGENTINA set a customs reference price of $53/kg for Lithium Carbonate and there is a negative perception that somehow this "effectively caps" the price at that point. However, they say the pullback was a buying opportunity as that this possible peak Lithium price is already discounted into the ALB stock price. (We know they are massively profitable at $53/kg.)

    I find it a little bizarre and figure some analyst is kind of projecting a view of their area of interest on the overall market. However, I agree in so much that this act of Argentina setting an assumed reference price of some sort for Customs purposes won't have any negative value on the ALB share price!
  • v
    v
    Efing yahoo mod bots go to the GM ticker and look at news about how advanced geo thermal lithium is, that the idoit California politician are trying to tax the lithium. The Csuite needs to be FIRED for investing so heavily in a foreign competitor and not in advancement in the industry here
  • E
    Electric Mike
    Goldman sure doesn't get it anymore. A reference to its Sunday investor note declaring the "The Battery Metals Bull Market is Over for Now" was scrolling on Bloomberg today. It sees a 'sharp correction' with Lithium averaging $54K/ton this year down from $60K spot, and falling further to just over $16K/ton in 2023. And, then prices 'soaring again after 2024'.

    This isn't a commodity like wheat with a million farmers needing to sell whatever they make for whatever price they can get, and it certainly isn't like gold where it doesn't matter if it was mined in ancient Egypt or a few ounces at a time on Discovery Channel.

    I personally don't see any way we are oversupplied in Lithium in 2023, and if we are every automotive company is going to follow Tesla's lead and lock in as much of that oversupply as they can knowing how critical it is for their future.

    You can quote me now, if we are under $20k/ton in 2023 I will mortage my house and sell every non-lithium stock I own to lock in as much as I can...

    https://www.metalsmine.com/news/1158999-goldman-says-bull-market-in-battery-metals-is#:~:text=Goldman%20Says%20Bull%20Market%20in%20Battery%20Metals%20Is,to%20the%20green-energy%20transition%20piled%20in%20too%20quickly.
    Goldman Sachs Group Inc. said the price of three key battery metals — cobalt, lithium and nickel — will drop over the next two years after investors wanting exposure to the green-energy transition piled in too quickly. “Investors are fully aware that
    Goldman Sachs Group Inc. said the price of three key battery metals — cobalt, lithium and nickel — will drop over the next two years after investors wanting exposure to the green-energy transition piled in too quickly. “Investors are fully aware that
    www.metalsmine.com
  • b
    bigbear
    Ok, I was watching Bloomberg News tonight and saw a short clip about Argentina do something to upset the Lithium market and metals market. I have it on record now, trying to catch the 3 part summary on what happen. I have not read that Argentina was a big player in Lithium.
    The way it was worded, it was something that was mis-understood, I think? If anyone gets Bloomberg business, maybe they saw the summary, I tried to Google it but nothing came up.
  • D
    Dan
    Not that it’s adequate compensation but the Chinese spot price has been moving up for a little while.
  • E
    Electric Mike
    New presentation on ALB Investor relations site, from the June 27 Fastmarkets conference. It reads kind of like this is why we are in China now (80% of Cathode/Anode/Cell production is there) and this is what we plan on building out in the Unites States.
    One slide shows CAGR of battery and cathode production capacity in North America between 2021 and 2031: Battery Capacity 29% CAGR, Cathaode Capacity 61% CAGR.

    Also an interesting picture of King's Mountain (currently the mine is a really deep large pond). My first reaction was that is great that the closest neighbor is another very industrial ALB facility. However, when I googled the location (348 Holiday Inn Dr, Kings Mountain, NC) there is a drive-in movie theater that is just barely out of frame at the top of the picture. And, across the road from that is a moderately sized residential community. Wouldn't be surprised if it grew up in conjunction with the mine back when it was operating. So hopefully ALB does have a handle on a community relations. I can't imagine the permits that would be required where I live to even pump the water out of that mine.

    https://investors.albemarle.com/static-files/ffe2ceed-b1a3-4e47-bd33-bcba46dd9dae
  • E
    Eric
    Please take a look at ticker ILUS as well my fellow investors, they are rapidly expanding & uplisting in 2022. ILUS International is a rather new company, they have increased profits and revenue every quarter since inception. ILUS Q1, 2022 revenue is up 482% over Q1, 2021. This does not even include the revenue from a couple of their most recent acquisitions. ILUS just announced a 100-million dollar plus in revenue acquisition. In addition to this large acquisition, ILUS has just announced that they have acquired Wikisoft, ticker WSFT. WSFT is now a member of the ILUS family. ILUS is in the process of becoming a conglomerate, with several different companies and divisions under the ILUS umbrella. ILUS manufactures EV's, UAV's, and Drones to name a few of their many business endeavors. They are also involved in Urban Mining and the very lucrative firefighting and fire safety technology sector. ILUS holds patented firefighting / safety technology. They are developing technology to assist with the containment of both EV battery, and wildfires. The wildfires out west are a major concern and solutions are being developed. ILUS is looking to save lives. They have had several meaningful discussions with the state of California, among other states as well. ILUS is an M & A company and growing fast. ILUS is about to begin manufacturing the E-Raptor, the worlds first and only six-wheel, all electric utility vehicle. This will take place at the new 600,000 plus square foot facility in Serbia. It is a part of the significant deal that ILUS has recently signed with the European Union. ILUS will incorporate in the manufacturing process their own urban mining / battery recycling into their EV lines. ILUS has completed "8" acquisitions in the last 16 months. Vira Drones is one of the more significant. The estimated valuation is over 1- billion dollars. ILUS has also reduced their number of outstanding shares by 180 million shares. Please see OTC Markets for their most recent share reduction that has been posted. ILUS International is in a very substantial, long-term agreement with the European Union, and will begin manufacturing a variety of vehicles including those used by the military and defense sectors in Europe, as well as the private sector. ILUS is at least worth a look, certainly undervalued. ILUS has several new acquisitions and revenue sources yet to be officially announced. They are all very significant acquisitions as far as the revenue in which they will add to the already strong balance sheet. (Please see Yahoo Finance for recent news & updates)