That dependency could pose a long-term problem if Morgan Stanley's projection for an oversupplied global market comes true. Stock Market To put that into perspective, total global lithium production in 2017 was estimated at 215,000 MT. Get directions, reviews and information for Albemarle Corporation in Pasadena, TX. View ALB revenue estimates and earnings estimates, as well as analyst recommendations. The Investor Relations website contains information about Albemarle Corporation's business for stockholders, potential investors, and financial analysts. Reviews (870) 547-2211 Website. Are there any long-term concerns about the viability of lithium production, or is the current sentiment based on knee-jerk reactions? Is Albemarle stock a buy?Albemarle waded through good, bad, and ugly news through the first four months of 2018.
(TMFBlacknGold) ALB Market Performance ALB stocks went up by 0.96% for the week, with the monthly drop of -10.13% and a quarterly performance of 36.75%, while its annual performance rate touched 10.38%. What should investors make of it? The big swing in net income occurred as Albemarle was forced to take a big noncash hit on tax obligations from the new U.S. corporate tax laws. Therefore, it goes without saying that Albemarle won't be maxing out its quota anytime soon, but it's comforting to know it has the flexibility to expand if needed.Additionally, if the new extraction technology is widely deployed in Chile, it could allow higher margin production. But the operational performance delivered last year wasn't that bad.
View the latest Albemarle Corp. (ALB) stock price, news, historical charts, analyst ratings and financial information from WSJ.
Albemarle Corporation is a chemical company with corporate headquarters in Charlotte, North Carolina.It is a specialty chemical manufacturing enterprise. The company employs approximately 5,400 people and has customers in approximately 100 countries. Case in point: Shares of the world's largest lithium producer, Albemarle Corporation , have dropped 25% year to date. Investing Basics
In 2008, Albemarle and Weifang Sinobrom Import and Export Company, Ltd. (Sinobrom) reached an agreement in principle to form a new joint venture that will combine the existing business of Sinobrom, a leading marketer of bromine derivatives in China, with Albemarle's global bromine expertise in the specialty chemical industry, forming Sinobrom Albemarle Bromine Chemicals (Shandong) Company Ltd.In 2012, Albemarle introduced its Electronic Materials business unit and expanded its production capabilities for finished polyolefin catalysts in Baton Rouge. Maxx has been a contributor to Fool.com since 2013. In 2017 they delivered net margins of 25% and 22%, respectively. Cumulative Growth of a $10,000 Investment in Stock AdvisorIs Lithium Stock Albemarle Corporation a Buy? Visitors trend 2W 10W 9M. Since the late 1990s, Albemarle Corporation has manufactured Albemarle Corporation became a global leader in the Since the acquisition of the Catalysts Division of Following the acquisition of Rockwood Holdings in 2015,Albemarle's new businesses in 2008 focused on the manufacture of custom and proprietary fine chemicals and chemical services for the
But for now, Albemarle stock looks to be a buy.Stock Advisor launched in February of 2002. @themotleyfool #stocks $ALB $SQM $FMC That could provide an important financial cushion if and when the lithium market cools off, or even experiences a catastrophic downturn. Menu & Reservations Make Reservations . In the same quarter last year, Albemarle reported EPS of $1.550 on revenue of $885.05 million. It's also worth pointing out that Albemarle has two other business segments, bromine specialties and refining solutions, that put up healthy profits year in and year out.