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.
Albemarle faces short-term challenges. But read why the long-term outlook for the lithium miner remains strong, driven by ...
Albemarle is one of the world's largest lithium producers, which generates the majority of total profits. It produces lithium through its own salt brine assets in Chile and the United States and ...
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 ...
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 ALB shares rose 2% as unit cost reductions more than offset lower lithium prices to generate profit growth versus the prior-year quarter. The company also announced it could generate ...
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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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