Cost cuts help Albemarle's results offset low lithium prices
Albemarle , the world's largest producer of lithium, swung to a quarterly profit as cost cuts helped offset low prices of the electric vehicle battery metal, but adjusted results reported on Wednesday fell short of analysts' expectations.
Albemarle deals with falling lithium costs, possible tariff impacts
International mining company Albemarle is reopening the Kings Mountain lithium mine. The plan is to extract the minerals to use in batteries for electric vehicles and standalone systems. But the company is struggling to turn a profit as lithium prices drop.
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Albemarle's Earnings Are In-Is the Stock a Buy Now?Investors are typically – and justifiably – careful about investing in any given stock around the company’s earnings season ...
Albemarle faces short-term challenges. But read why the long-term outlook for the lithium miner remains strong, driven by ...
Truist analyst Peter Osterland lowered the firm’s price target on Albemarle (ALB) to $85 from $96 and keeps a Hold rating on the shares after ...
Albemarle (NYSE:ALB – Free Report) had its target price reduced by BMO Capital Markets from $150.00 to $140.00 in a research ...
Lithium heavyweight Albemarle will mothball one of its processing plants in China as it continues cost-cutting measures that ...
Albemarle Corp (ALB) reports strong energy storage growth and strategic CapEx reductions amid market volatility.
Albemarle (NYSE:ALB – Free Report) had its target price lowered by Royal Bank of Canada from $133.00 to $114.00 in a research report released on Wednesday morning. The firm currently has an overweight ...
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Q4 2024 Management View CEO Kent Masters highlighted that Albemarle achieved net sales of $1.2 billion and an adjusted EBITDA of $251 million in Q4 2024, with year-over-year EBITDA improvements across ...
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