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.
Albemarle swings to Q4 profit, plans more cost cuts in 2025 amid lithium price weakness
Albemarle swings to a Q4 GAAP profit as cost cuts helped offset low lithium prices, but adjusted results missed analyst 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 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.
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.
Taxpayer cash revives $105m lithium refinery project
The Albanese government’s floundering plan to grow a domestic mineral processing industry has been boosted by the revival of ...
The Charlotte Observer on MSN10d
That funky, ‘rotten egg’ smell overwhelming Kings Mountain? It’s from Albemarle Corp.
Kings Mountain stinks. Literally. There’s been a lingering stench in the air in Kings Mountain for weeks now, blamed on ...
Yahoo Finance8d
Is Albemarle Corporation (ALB) the Biggest Lithium Stock to Buy According to Hedge Funds?
We recently compiled a list of the 12 Biggest Lithium Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where Albemarle Corporation (NYSE:ALB) stands against ...
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 ...
Barchart on MSN1d
Albemarle Stock Outlook: Is Wall Street Bullish or Bearish?
Charlotte, North Carolina-based Albemarle Corporation (ALB) develops, manufactures, and markets engineered specialty ...