Latest news with #AlbemarleCorp
Yahoo
6 days ago
- Business
- Yahoo
Albemarle (ALB) Jumps 7% on Expected Lithium Price Jump
We recently published . Albemarle Corp. (NYSE:ALB) is one of the best-performing stocks on Monday. Albemarle Corp. (NYSE:ALB) extended its winning streak to a third straight day on Monday, jumping 7 percent to close at $80.76, as investors turned optimistic about a surge in lithium prices following a huge player's suspension of one of its mining operations in China. According to a report by Bloomberg, Chinese firm Contemporary Amperex Technology Co. Ltd. (CATL) suspended its mining operations at the Jianxiawo lithium mine in Jiangxi province amid an expired mining permit that it does not expect to get renewed soon. While CATL has begun negotiations with the Chinese government for the renewal, it was expecting a prolonged halt amid China's intensified regulatory oversight of mining companies to curb overcapacity. Based on data from the Australian government, CATL's suspended site alone can produce over 46,000 metric tons of lithium carbonate equivalent a year, or roughly 3 percent of the global supply forecast for 2025. Albemarle Corp. (NYSE:ALB) also rallied alongside its lithium counterparts. Photo by Kumpan Electric on Unsplash In other news, Albemarle Corp. (NYSE:ALB) announced that its chief operating officer, Netha Johnson, has stepped down from his post. No reason for the departure was divulged. He was replaced by Mark Mummert, effective immediately. While we acknowledge the potential of ALB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
Bloomberg
6 days ago
- Bloomberg
Albemarle Lithium Plant Incident Being Probed in Chile
Albemarle Corp. had an incident at its lithium- processing plant in Chile last week, which is the subject of an investigation, said people with knowledge of the matter.
CNA
11-08-2025
- Business
- CNA
Lithium stocks rally as CATL mine halt raises prospects of tighter supply
Shares of lithium producers surged on Monday after Chinese battery giant Contemporary Amperex Technology (CATL) halting output at a major mine raised hopes it would erode the oversupply in a market grappling with soft demand. During morning trade, Albemarle Corp jumped 10.2 per cent, while Chile's Sociedad Quimica y Minera, rose 9.2 per cent and Lithium Americas, gained 2.4 per cent. Smaller companies, Standard Lithium, Piedmont Lithium and Sigma Lithium, advanced between 6.2 per cent and 19.6 per cent. Chinese and Australian miners also rallied. The lithium sector has been struggling with a glut following weaker-than-anticipated growth in demand for electric vehicles. The most active lithium carbonate futures in Guangzhou rose the 8 per cent daily limit after CATL said its mining license for the Yichun project in Jiangxi province expired on Aug. 9 and renewal was underway. The site can produce more than 46,000 metric tons of lithium carbonate equivalent a year, roughly 3 per cent of the global supply forecast for 2025, according to data from the Australian government. Morgan Stanley analysts said the outage could erode the small 60,000-tonne surplus it expects for 2025, bringing "upside risk to lithium prices in the short term" and potentially moving the market closer to balance if other disruptions follow. Longer-term, they expect a surplus to re-emerge without further supply discipline. Morningstar analyst Vincent Sun said the suspension was "an indication that the industry is taking proactive steps to contain further lithium price falls observed year-to-date." With lithium prices now below the marginal cost of production, the move could be perceived as a positive driver to limit supply growth and rebalance the market, he said, but added it was "still too early to confirm a price recovery trend for the rest of the year."
Yahoo
11-08-2025
- Business
- Yahoo
Lithium stocks rally as CATL mine halt raises prospects of tighter supply
(Reuters) -Shares of lithium producers surged on Monday after Chinese battery giant Contemporary Amperex Technology (CATL) halting output at a major mine raised hopes it would erode the oversupply in a market grappling with soft demand. During morning trade, Albemarle Corp jumped 10.2%, while Chile's Sociedad Quimica y Minera, rose 9.2% and Lithium Americas, gained 2.4%. Smaller companies, Standard Lithium, Piedmont Lithium and Sigma Lithium, advanced between 6.2% and 19.6%. Chinese and Australian miners also rallied. The lithium sector has been struggling with a glut following weaker-than-anticipated growth in demand for electric vehicles. The most active lithium carbonate futures in Guangzhou rose the 8% daily limit after CATL said its mining license for the Yichun project in Jiangxi province expired on Aug. 9 and renewal was underway. The site can produce more than 46,000 metric tons of lithium carbonate equivalent a year, roughly 3% of the global supply forecast for 2025, according to data from the Australian government. Morgan Stanley analysts said the outage could erode the small 60,000-tonne surplus it expects for 2025, bringing "upside risk to lithium prices in the short term" and potentially moving the market closer to balance if other disruptions follow. Longer-term, they expect a surplus to re-emerge without further supply discipline. Morningstar analyst Vincent Sun said the suspension was "an indication that the industry is taking proactive steps to contain further lithium price falls observed year-to-date." With lithium prices now below the marginal cost of production, the move could be perceived as a positive driver to limit supply growth and rebalance the market, he said, but added it was "still too early to confirm a price recovery trend for the rest of the year."
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Business Standard
11-08-2025
- Business
- Business Standard
Lithium stock rally as CATL mine halt raises prospects of tighter supply
Shares of U.S.-listed lithium producers surged on Monday after Chinese battery giant Contemporary Amperex Technology (CATL) halting output at a major mine raised hopes it would erode the oversupply in a market grappling with soft demand. In premarket trading, Albemarle Corp jumped nearly 9 per cent, while Chile's Sociedad Quimica y Minera rose 6.5 per cent and Lithium Americas gained nearly 9 per cent. Smaller companies, Standard Lithium, Piedmont Lithium and Sigma Lithium advanced between 5.6 per cent and 13.8 per cent. Chinese and Australian miners also rallied. The lithium sector has been struggling with a glut following weaker-than-anticipated growth in demand for electric vehicles. The most active lithium carbonate futures in Guangzhou rose the 8 per cent daily limit after CATL said its mining license for the Yichun project in Jiangxi province expired on Aug. 9 and renewal was underway. The site can produce more than 46,000 metric tons of lithium carbonate equivalent a year, roughly 3 per cent of the global supply forecast for 2025, according to data from the Australian government. Analysts at Morgan Stanley said the outage could erode the small 60,000-tonne surplus it expects for 2025, bringing "upside risk to lithium prices in the short term" and potentially moving the market closer to balance if other disruptions follow. Longer-term, it expects a surplus to re-emerge without further supply discipline. Morningstar analyst Vincent Sun said the suspension was "an indication that the industry is taking proactive steps to contain further lithium price falls observed year-to-date." With lithium prices now below the marginal cost of production, the move could be perceived as a positive driver to limit supply growth and rebalance the market, he said, but added it was "still too early to confirm a price recovery trend for the rest of the year."
