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Stock impact report

Albemarle (ALB) Rating Held at Buy by Truist on Strong Lithium Market Trends [Yahoo! Finance]

Albemarle Corporation (ALB) 
Last albemarle corporation earnings: 2/19 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.albemarle.com
Company Research Source: Yahoo! Finance
Albemarle (ALB) Rating Held at Buy by Truist on Strong Lithium Market Trends Photo by Dan Dennis on Unsplash On March 6, Truist analyst Peter Osterland reiterated a Buy rating on Albemarle Corporation (NYSE:ALB). The firm maintained a $210 price target following the company's non-deal roadshow. The analyst said recent momentum in lithium pricing looks sustainable. Demand, especially from EVs and grid storage, is expected to grow faster than supply in the near to medium term. Truist also noted that the company is likely to maintain discipline around costs and capital spending in the near term. Later, on March 25, Albemarle said it had begun the environmental review process in Chile for its first Direct Lithium Extraction (DLE) project. The company said the project is designed to nearly double lithium recovery while reducing brine extraction. It added that full development could require about $3.1 billion in investment and is expected to operate through 2045. Albemarle said the Show less Read more
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