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Albemarle Corporation (ALB)
After hours:
| Previous close | 222.93 |
| Open | 223.39 |
| Bid | 218.18 x 900 |
| Ask | 217.01 x 800 |
| Day's range | 216.11 - 225.84 |
| 52-week range | 185.15 - 334.55 |
| Volume | |
| Avg. volume | 1,665,383 |
| Market cap | 25.349B |
| Beta (5Y monthly) | 1.58 |
| PE ratio (TTM) | 9.05 |
| EPS (TTM) | 23.88 |
| Earnings date | 02 May 2023 - 08 May 2023 |
| Forward dividend & yield | 1.60 (0.75%) |
| Ex-dividend date | 16 Mar 2023 |
| 1y target est | 314.67 |
- Reuters
Albemarle to build $1.3 billion lithium plant in South Carolina
The facility, which was first announced last year without a specific location, will double the company's lithium processing capacity and thus its ability to supply key customers - including Tesla Inc - who are hungry for more North American supplies of the battery metal. Already the world's largest lithium producer with major facilities in Chile, China and Australia, Albemarle has moved aggressively to expand in the United States, which it sees as its next major area of growth thanks to tax credits and other incentives offered by the U.S. Inflation Reduction Act. The South Carolina plant will be able to process 50,000 tonnes of lithium each year from rock Albemarle plans to mine in North Carolina as well as from recycled batteries.
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Albemarle Corporation (ALB) is Attracting Investor Attention: Here is What You Should Know
Recently, Zacks.com users have been paying close attention to Albemarle (ALB). This makes it worthwhile to examine what the stock has in store.
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