Gas turbine maker GE Vernova is working with the U.S. government to increase its stockpiles of the rare earth yttrium, CEO Scott Strazik said on Tuesday, as China's export controls of the vital element create shortages across energy, aerospace and semiconductors.
From a technical perspective, Albemarle (ALB) is looking like an interesting pick, as it just reached a key level of support. ALB recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
Soft demand in key end markets and sluggishness in Europe and China have put a dent in the Zacks Chemicals Diversified industry. APD, ALB and AVNT are poised to navigate the industry challenges.
Albemarle (ALB) reported earnings 30 days ago. What's next for the stock?
Albemarle (ALB) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Albemarle is rebounding as lithium prices rise and demand remains strong, supporting a bullish investment thesis. The lithium miner has achieved positive cash flow even at low lithium prices, demonstrating operational sustainability and financial discipline. ESS demand is contributing to a boost in lithium prices, with soaring demand for stationary storage boosting an already strong EV market.
The lithium miner is swinging wildly due to uncertainty around global lithium supply.
Albemarle (ALB) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
ALB jumps 26% on strong Q3 volume gains and cost cuts, but soft lithium prices temper the momentum.
Albemarle (ALB) remains a Buy, supported by strong Q3 results, improved free cash flow, and cost-saving initiatives. ALB's asset sales and reduced CAPEX enhance financial flexibility, but upcoming debt maturities and lithium price volatility present risks, while the cash available offers some safety net. Macro factors like US rate cuts, China stimulus, and US-China trade progress could benefit lithium demand, though EV growth outlook is mixed.
Albemarle (ALB) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
ALB narrows its quarterly loss and beats earnings estimates as cost cuts and higher Energy Storage volumes offset weaker lithium pricing.