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Albemarle (NYSE:ALB – Get Rating) had its price target cut by HSBC from $360.00 to $300.00 in a report issued on Friday, The Fly reports. Several other brokerages have also recently commented on ALB. Berenberg Bank dropped their price target on Albemarle from $290.00 to $225.00 and set a hold rating for the company in […]
Lithium producers have warned that logistical issues may cause difficulties in meeting the rapidly increasing demand for electric vehicles.
Electric Vehicles: "You could end up in a crisis situation where the battery companies don't have the security of (lithium) feedstock," Stu Crow, chairman of Lake Resources, said on the sidelines of this week's Fastmarkets Lithium and Battery Raw Materials conference in Las Vegas.
LAS VEGAS, June 22 (Reuters) - Lithium producers are growing anxious that delays in mine permitting, staffing shortages and inflation may hinder their ability to supply enough of the battery metal to meet the world's aggressi...
Weatherly Asset Management L. P. boosted its stake in shares of Albemarle Co. (NYSE:ALB – Get Rating) by 24.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 3,460 shares of the specialty chemicals company’s stock after purchasing an additional 685 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Albemarle were worth […]