Latest news with #AlbemarleCorporation
Associated Press
03-06-2025
- Business
- Associated Press
Albemarle Publishes 2024 Sustainability Report, Updates Efforts to Reduce Carbon Footprint, Manage Freshwater Responsibly and Support Customers' Sustainability Goals
CHARLOTTE, N.C., June 3, 2025 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, today published its 2024 Sustainability Report. Entitled Values-Led, Purpose-Driven, the report provides an update on Albemarle's achievements in line with the company's sustainability goals. 'As a values-led organization, sustainability is foundational to how we choose to operate,' said Albemarle Chairman and CEO Kent Masters. 'The initiatives outlined in this report speak to our commitment to creating a more resilient world. We remain dedicated to minimizing our environmental footprint, creating responsible and reliable products for our customers, and engaging with our communities to foster positive outcomes.' Report Highlights Reducing our carbon footprint Practicing responsible freshwater management Supporting our customers' sustainability goals Promoting the resilience of our communities To read Albemarle's 2024 Sustainability Report, visit the company's website at The report was developed with reference to the Global Reporting Initiative (GRI) standards, the Sustainability Accounting Standards Board (SASB) standards and recommendations outlined by the Task Force on Climate-Related Financial Disclosures (TCFD). About Albemarle Albemarle Corp. (NYSE: ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers. Learn more about how the people of Albemarle are enabling a more resilient world at LinkedIn and on X (formerly known as Twitter) @AlbemarleCorp. Albemarle regularly posts information to including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, U.S. Securities and Exchange Commission filings and other information regarding the company, its businesses and the markets it serves. FORWARD-LOOKING STATEMENTS The 2024 Sustainability Report and our sustainability webpage contain statements relating to Albemarle's operations, growth strategies and sustainability plans that are based on our current expectations, anticipations and beliefs regarding the future, which constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on assumptions that we have made as of the date hereof and are subject to known and unknown risks and uncertainties, often contain words such as 'anticipate,' 'believe,' 'estimate,' 'expect,' 'design,' 'target,' 'project,' 'commit,' 'aim,' 'intend,' 'may,' 'outlook,' 'scenario,' 'should,' 'would,' and 'will.' Forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company's control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this report. Unless legally required, Albemarle undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Standards of measurement and performance made in reference to our environmental, social, governance and other sustainability plans and goals may be based on protocols, processes and assumptions that continue to evolve and are subject to change in the future, including due to the impact of future regulations. Factors that could cause Albemarle's actual results to differ materially from the outlook expressed or implied in any forward-looking statement include: changes in economic and business conditions; financial and operating performance of customers; fluctuations in lithium market prices; production volume shortfalls; increased competition; changes in product demand; availability and cost of raw materials and energy; technological change and development; changes in laws and government regulation; regulatory actions, proceedings, claims or litigation; cyber-security breaches, terrorist attacks, industrial accidents or natural disasters; political unrest; acquisition and divestiture transactions; timing and success of projects; performance of Albemarle's partners in joint ventures and other projects; and the other factors detailed from time to time in the reports Albemarle files with the SEC, including those described under 'Risk Factors' in Albemarle's most recent Annual Report on Form 10-K and any subsequently filed Quarterly Reports on Form 10-Q, which are filed with the SEC and available on the investor section of Albemarle's website ( and on the SEC's website at Media Contact: Peter Smolowitz, +1 (980) 308-6310, [email protected] Investor Relations Contact: +1 (980) 299-5700, [email protected] View original content to download multimedia: SOURCE Albemarle Corporation
Yahoo
13-05-2025
- Automotive
- Yahoo
Is Albemarle Corporation (ALB) The Best Small Cap EV Stock To Buy?
We recently compiled a list of the 12 Small Cap EV Stocks to Buy Now. In this article, we are going to take a look at where Albemarle Corporation (NYSE:ALB) stands against the other small-cap EV stocks. In 2024, electric vehicles (EVs) represented 8.1% of the 16 million vehicles sold in the United States, according to Cox Automotive. While this was a record share, it was still below the 10% that analysts had expected at the beginning of the year. Despite this, some believe that the EV market may be picking up pace. READ ALSO: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Despite the fact that overall EV adoption has been slower than expected, brands like Cadillac are expanding their electric lineup. By the end of 2025, Cadillac plans to offer five EVs. These include the Escalade IQ, Optiq crossover, Lyriq, the upcoming three-row Vistiq, and the luxury Celestiq. Cadillac expects roughly one in three vehicles it sells in the US this year will be all-electric. Brad Franz, Cadillac's director of marketing, told CNBC that the company is launching EVs to grow its business and attract new customers to the brand instead of just shifting sales from gas-powered cars. According to Franz, the EV portfolio will offer customers more choices. In 2024, the company sold about 29,000 EVs. For 2025, Cadillac aims for EVs to make up between 30% to 35% of its sales in the US. However, Cadillac has abandoned its earlier plan to sell only EVs by 2030. Instead, the company said that customer demand will determine the elimination of gas-powered vehicles. This approach reflects a broader trend. A number of automakers have turned their back on plans to exclusively sell EVs in the near future as customer adoption has not been as fast as expected. To compile our list of the 12 small-cap EV stocks to buy now, we reviewed our own rankings and consulted various online resources to compile a list of the best small-cap EV stocks. Please note that we defined small-cap stocks as those with a market capitalization between $500 million and $10 billion. From an initial pool of more than 20 small-cap EV stocks that met our criteria, we focused on the top 12 stocks most favored by institutional investors. Data for the hedge fund sentiment surrounding each stock was taken from Insider Monkey's Q4 2024 database of more than 1,000 elite hedge funds. The 12 small-cap EV stocks to buy now were then ranked in ascending order based on the number of hedge funds holding stakes in them as of Q4 2024. Why do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). An assembly line of lithium-ion batteries for energy storage solutions with workers in the background. Market Capitalization: $6.60 Billion Number of Hedge Fund Holders: 36 Albemarle Corporation (NYSE:ALB) is a specialty chemical company and one of the largest producers of lithium globally. The company supplies lithium and bromine to customers in approximately 20 countries around the world and provides essential resources for use in critical ingredients for mobility, energy, connectivity, and health. It is one of the world's largest providers of lithium for EV batteries. Albemarle Corporation (NYSE:ALB) is one of the best EV stocks to buy. The company is focused on taking advantage of the rising global demand for lithium. Albemarle Corporation's (NYSE:ALB) management highlighted that it expects global lithium demand to grow between 15% to 40% in 2025, depending on tariff impacts, policy changes, and economic trends. In the longer term, the management believes lithium demand will more than double from 2024 to 2030, driven by the global demand for EVs and grid storage. Additionally, the management expects global EV market penetration or share of vehicle production will surpass internal combustion engines by the end of the decade. To capitalize on these trends, Albemarle Corporation (NYSE:ALB) is improving production efficiency and optimizing its lithium conversion network. In Q4 2024, the company set new production records at its La Negra lithium carbonate plant in Chile and Meishan lithium hydroxide plant in China. Overall, ALB ranks 2nd on our list of small-cap EV stocks to buy now. 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 doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ALB but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
13-05-2025
- Automotive
- Yahoo
Is Albemarle Corporation (ALB) The Best Small Cap EV Stock To Buy?
We recently compiled a list of the 12 Small Cap EV Stocks to Buy Now. In this article, we are going to take a look at where Albemarle Corporation (NYSE:ALB) stands against the other small-cap EV stocks. In 2024, electric vehicles (EVs) represented 8.1% of the 16 million vehicles sold in the United States, according to Cox Automotive. While this was a record share, it was still below the 10% that analysts had expected at the beginning of the year. Despite this, some believe that the EV market may be picking up pace. READ ALSO: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Despite the fact that overall EV adoption has been slower than expected, brands like Cadillac are expanding their electric lineup. By the end of 2025, Cadillac plans to offer five EVs. These include the Escalade IQ, Optiq crossover, Lyriq, the upcoming three-row Vistiq, and the luxury Celestiq. Cadillac expects roughly one in three vehicles it sells in the US this year will be all-electric. Brad Franz, Cadillac's director of marketing, told CNBC that the company is launching EVs to grow its business and attract new customers to the brand instead of just shifting sales from gas-powered cars. According to Franz, the EV portfolio will offer customers more choices. In 2024, the company sold about 29,000 EVs. For 2025, Cadillac aims for EVs to make up between 30% to 35% of its sales in the US. However, Cadillac has abandoned its earlier plan to sell only EVs by 2030. Instead, the company said that customer demand will determine the elimination of gas-powered vehicles. This approach reflects a broader trend. A number of automakers have turned their back on plans to exclusively sell EVs in the near future as customer adoption has not been as fast as expected. To compile our list of the 12 small-cap EV stocks to buy now, we reviewed our own rankings and consulted various online resources to compile a list of the best small-cap EV stocks. Please note that we defined small-cap stocks as those with a market capitalization between $500 million and $10 billion. From an initial pool of more than 20 small-cap EV stocks that met our criteria, we focused on the top 12 stocks most favored by institutional investors. Data for the hedge fund sentiment surrounding each stock was taken from Insider Monkey's Q4 2024 database of more than 1,000 elite hedge funds. The 12 small-cap EV stocks to buy now were then ranked in ascending order based on the number of hedge funds holding stakes in them as of Q4 2024. Why do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). An assembly line of lithium-ion batteries for energy storage solutions with workers in the background. Market Capitalization: $6.60 Billion Number of Hedge Fund Holders: 36 Albemarle Corporation (NYSE:ALB) is a specialty chemical company and one of the largest producers of lithium globally. The company supplies lithium and bromine to customers in approximately 20 countries around the world and provides essential resources for use in critical ingredients for mobility, energy, connectivity, and health. It is one of the world's largest providers of lithium for EV batteries. Albemarle Corporation (NYSE:ALB) is one of the best EV stocks to buy. The company is focused on taking advantage of the rising global demand for lithium. Albemarle Corporation's (NYSE:ALB) management highlighted that it expects global lithium demand to grow between 15% to 40% in 2025, depending on tariff impacts, policy changes, and economic trends. In the longer term, the management believes lithium demand will more than double from 2024 to 2030, driven by the global demand for EVs and grid storage. Additionally, the management expects global EV market penetration or share of vehicle production will surpass internal combustion engines by the end of the decade. To capitalize on these trends, Albemarle Corporation (NYSE:ALB) is improving production efficiency and optimizing its lithium conversion network. In Q4 2024, the company set new production records at its La Negra lithium carbonate plant in Chile and Meishan lithium hydroxide plant in China. Overall, ALB ranks 2nd on our list of small-cap EV stocks to buy now. 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 doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ALB but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-05-2025
- Automotive
- Yahoo
Is Albemarle Corporation (ALB) Among the Most Promising EV Battery Stocks According to Wall Street Analysts?
We recently compiled a list of the 12 Most Promising EV Battery Stocks According to Wall Street Analysts. In this article, we are going to take a look at where Albemarle Corporation (NYSE:ALB) stands against the other EV Battery stocks. The term 'EV battery stocks' describes businesses producing and developing electric vehicle batteries. This includes firms that provide energy storage solutions, supply battery components, and produce EV batteries. There is a market for reasonably priced electric cars. Investors can look into the companies making EV batteries, the most crucial and expensive components for EVs, to stay ahead of that demand. The need for EV batteries will rise sharply if the manufacturing of electric vehicles rises dramatically during the next ten years. To satisfy the need for batteries with greater capacity and cheaper costs, major manufacturers are making significant investments. New energy storage solutions being developed by battery technology start-ups, some of which are coming public through mergers with special purpose acquisition companies, have the potential to completely transform the market. EV battery stocks are a great investment option right now. The EV battery market is booming. As per a research report, the market for electric vehicle batteries was estimated to be worth $59.06 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2032, from $67.78 billion to $111.20 billion. Asia Pacific held the largest regional share of the global EV battery market in 2023, with a valuation of $28.44 billion, and is anticipated to continue to do so for the duration of the forecast period. One of the main factors propelling the region's market expansion is China's soaring EV sales. As per the International Energy Agency, China accounted for the largest global sales of electric vehicles in 2023, with 8.4 million units sold. While the EV battery market is growing, the cost of EV batteries has dropped significantly in recent years, as per S&P Global, mostly due to declining prices for essential components like nickel, cobalt, and lithium. However, over the coming years, prices are anticipated to stabilize. For instance, the price of lithium carbonate dropped from around $70,000 per metric ton to less than $15,000 in 2024, while the price of cobalt dipped from $70,000 per metric ton in 2022 to about $30,000. While the global average price is predicted to increase somewhat in the second part of the decade, S&P Global Mobility forecasts that nickel cobalt manganese (NCM811) cell prices in Europe will decline by more than 7% between 2024 and 2030. This is caused by a strained raw material supply chain and unsustainable low profit margins for certain suppliers. NCM811 cells are currently cheaper in Greater China due to increased local production, while they are more expensive in Europe. In contrast, the average cost of lithium iron phosphate (LFP) cells in 2024 will be about $60/kWh, which is 20% less than that of NCM cells. Although LFP production is currently dominated by Greater China, Europe is growing its capacity. However, higher production costs in non-Chinese countries will probably result in a medium-term increase in LFP pricing. While NCM811 packs continue to average $103/kWh in the region, LFP packs in Greater China have achieved the goal of cost parity with internal combustion engine vehicles at $100/kWh. The cost of battery metal may increase, but economies of scale and efficiency improvements should keep costs largely constant. Analysts anticipate lithium prices to stabilize in 2025 as mine closures and robust EV sales in China lessen the global lithium supply glut. China's state-owned commodity data source Antaike estimates the glut will decrease by half to 80,000 tons of lithium carbonate, while Cameron Hughes of CRU Group stated that 2024 curtailments and possible additional reductions will substantially relieve the surplus. Over 5 million cars have already benefited from China's improved EV subsidies, which have driven up demand and helped fuel a late-2024 lithium rally. A buyer of cathode materials attested that the price rise was caused by subsidies, and analysts predict that policy assistance will keep prices rising in 2025, strengthening a bullish outlook. David Merriman, research director at metals research company Project Blue, stated: 'Any improvement in prices is likely to be felt towards the end of 2025 as inventories are used up and buyers return to the spot market.' A team of scientists in a laboratory observing the sophisticated engineering of specialty chemicals. For this list, we compiled an initial list of 20 EV Battery stocks. Then we selected the 12 stocks that had the highest upside potential as of April 29, 2025. We have only included stocks in our list with an upside potential of 20% or higher. The stocks are ranked in ascending order of the upside potential. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here). Analysts' Upside Potential as of April 29: 59.56% Albemarle Corporation (NYSE:ALB) is the world's largest and most well-known lithium manufacturer, as well as one of the Most Promising Stocks with an upside potential of 59.56%. The business, which has a 225,000 metric ton production capacity, is one of the largest lithium miners in the world and plans to almost triple production by 2030. The challenges facing the lithium supply chain are complex, and in 2025, trade regulations could make things even more difficult. However, since lithium is a commodity stock that benefits from broad market-wide pricing trends, any shortages or supply constraints would inevitably result in higher lithium prices if things do not work out, which will improve the company's bottom line. Despite having a small five-year track record, Albemarle Corporation (NYSE:ALB) has consistently drawn dividend investors with a steady 2.18% yield. Although the company's recent announcement of a $0.405 dividend increased short-term gains, its long-term potential in the field of electric vehicles is what makes it valuable. Although management has shown strong financial discipline, investors should be mindful of possible shareholder dilution. Despite lithium prices falling by a third last year, Albemarle Corporation (NYSE:ALB) generated $702 million in operating cash flow, showing resilience that benefits its patient shareholders. Overall, ALB ranks 5th on our list of the 12 Most Promising EV Battery Stocks According to Wall Street Analysts. While we acknowledge the potential of EV Battery companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ALB but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
30-04-2025
- Business
- Yahoo
Albemarle to Post Q1 Earnings: What's in the Offing for the Stock?
Albemarle Corporation ALB is slated to release first-quarter 2025 results after the closing bell on April company missed the Zacks Consensus Estimate for earnings in each of the trailing four quarters. In this timeframe, it delivered a negative earnings surprise of 160.2%, on average. It posted a negative earnings surprise of 122.5% in the last reported quarter. ALB is likely to have benefited from its cost and productivity actions in the first quarter amid headwinds from softer lithium market shares have lost 51.3% over the past year compared with the Zacks Chemicals Diversified industry's 24.4% decline. Image Source: Zacks Investment Research Let's see how things are shaping up for this announcement. The Zacks Consensus Estimate for revenues for Albemarle for the to-be-reported quarter stands at $1,171.4 million, reflecting a decline of around 13.9% from the year-ago consensus estimate for net sales for the Energy Storage unit for the first quarter is pegged at $588.6 million, reflecting a year-over-year decline of 26.5%.The Zacks Consensus Estimate for net sale for the Specialties unit is pinned at $330 million, suggesting a year-over-year rise of 4.4%.The Zacks Consensus Estimate for net sales for the Ketjen unit stands at $243.9 million, flat year over year. The benefits of ALB's cost-saving, pricing and productivity initiatives are expected to get reflected in the March quarter. Its cost and productivity actions are expected to have supported margins in the quarter. Efforts to drive operating efficiency and improve the utilization of raw materials are likely to have aided the company's is taking actions to cut costs, optimize its conversion network and increase efficiencies to preserve its long-term competitive position. It has made progress with the earlier-announced comprehensive review of its cost and operating structure. It expects the annual run-rate cost savings related to the comprehensive review to be in the range of $300-$400 million. ALB achieved more than 50% run rate of the cost improvement target at the end of 2024 and expects to achieve a full run rate by the end of 2025. Roughly $150 million of the target is related to manufacturing cost opportunities. Soft lithium market prices are likely to have impacted the company's performance. Lithium prices have declined amid slowing demand growth for EVs, inventory glut and increased supply. The uncertain macroeconomic environment and high interest rates have weighed on demand. Weaker lithium prices are likely to have hurt ALB's top line and margins in the first quarter. Albemarle Corporation price-eps-surprise | Albemarle Corporation Quote Our proven model does not conclusively predict an earnings beat for ALB this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that's not the case ESP: Earnings ESP for ALB is -2.99%. The Zacks Consensus Estimate for the first quarter is currently pegged at a loss of 62 cents. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Rank: ALB currently carries a Zacks Rank #3.(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Here are some companies in the basic materials space you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:CF Industries Holdings, Inc. CF, scheduled to release earnings on May 7, has an Earnings ESP of +3.67% and carries a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks consensus estimate for CF's earnings for the first quarter is currently pegged at $ Inc. ATI, slated to release earnings on May 1, has an Earnings ESP of +2.46% and carries a Zacks Rank #3 at present. The consensus mark for ATI's first-quarter earnings is currently pegged at 58 Gold Corporation KGC, scheduled to release earnings on May 6, has an Earnings ESP of +11.07%.The Zacks Consensus Estimate for Kinross Gold's earnings for the first quarter is currently pegged at 22 cents. KGC currently carries a Zacks Rank #2. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ATI Inc. (ATI) : Free Stock Analysis Report CF Industries Holdings, Inc. (CF) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Albemarle Corporation (ALB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
