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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.
Mizuho cuts Albemarle stock price target to $90 from $105
Securities adjusted its outlook on Albemarle Corporation (NYSE:ALB), a leading producer of lithium, by reducing its price target from $105.00 to $90.00, while keeping a Neutral rating on the stock. The revision follows the company's disclosure of its adjusted EBITDA for the December quarter of 2024,
Albemarle Swings to 4Q Profit, Will Cut Costs in 2025 Amid Falling Lithium Prices
Albemarle will cut costs in 2025 as it continues to deal with the drop in lithium prices, a critical mineral in the electric-vehicle industry. Chief Executive Kent Masters said Wednesday the company is taking steps to shore up its operations,
Albemarle swings to quarterly profit as cost cuts offset lithium price drop
Albemarle, the world's largest producer of lithium, said on Wednesday it swung to a quarterly profit as cost cuts helped offset plunging prices for the metal used to make electric vehicle batteries. The company posted a profit for the fourth quarter ended December 31 of $33.
1h
Albemarle (ALB) Receives a Hold from Truist Financial
In a report released today, Pete Osterland from Truist Financial maintained a Hold rating on Albemarle (ALB – Research Report). The company’s ...
1d
Albemarle: Stock Lines Up For A Secular Buy
Albemarle's cyclicality may attract savvy investors, and how a flat price can yield 22% annually. Click here to find out why ...
15h
Albemarle Corp. stock outperforms competitors on strong trading day
Shares of Albemarle Corp. ALB advanced 1.19% to $76.60 Wednesday, on what proved to be an all-around grim trading session for ...
1h
Mizuho Securities Reaffirms Their Hold Rating on Albemarle (ALB)
In a report released yesterday, John Roberts CFA from Mizuho Securities maintained a Hold rating on Albemarle (ALB – Research Report), with a ...
2d
Albemarle (ALB) Expected to Announce Earnings on Wednesday
Albemarle (NYSE:ALB – Get Free Report) will likely be posting its quarterly earnings results after the market closes on ...
2d
Albemarle Corp. stock underperforms Monday when compared to competitors
This was the stock's fourth consecutive day of losses.
The Daily Progress
2d
Elderly Albemarle murder suspect will likely have case dismissed
An 84-year-old is accused of fatally beating an 89-year-old at the Charlottesville Health and Rehabilitation Center.
17h
Albemarle: Q4 Earnings Snapshot
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Albemarle Corp. (ALB) on Wednesday reported fourth-quarter net income of $75.3 million, after reporting a loss in the same period a year earlier.
WFAE 90.7
15h
Data from the Kings Mountain mine confirms that the rotten smell is not a threat to human health
A foul odor plagued the city of Kings Mountain this winter as cold weather unearthed a long-submerged gas. Mining company ...
The Daily Progress
3d
Albemarle house fire displaces family of 7
Four adults and three children are without a home after a house fire Saturday afternoon in Albemarle County just southeast of ...
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