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Albemarle Corp ALB Stock Quote

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Morningstar‘s Stock Analysis ALB

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Is it the right time to buy or sell?

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Maintaining $350 Fair Value Estimate After Albemarle's Q3 Results; Shares Undervalued

Analyst Note

| Seth Goldstein, CFA |

After updating our model to incorporate Albemarle's third-quarter results, we are maintaining our fair value estimate of $350 per share. Our narrow moat rating is also unchanged. At current prices, we view Albemarle shares as undervalued with the stock trading in 4-star territory. For long-term investors looking to invest in the lithium industry, Albemarle is one of the largest lithium producers globally and owns two of the best resources in the world. This resource advantage underpins our narrow moat rating based on the company's cost advantage.

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Key Statistics ALB

Company Profile ALB

Business Description

Albemarle is the world's largest lithium producer. Our outlook for robust lithium demand is predicated upon increased demand for electric vehicle batteries. Albemarle produces lithium from its salt brine deposits in Chile and the U.S. and its hard rock joint venture mines in Australia. Albemarle is also a global leader in the production of bromine, used in flame retardants. The company is also a major producer of oil refining catalysts.

4250 Congress Street, Suite 900
Charlotte, NC, 28209
T +1 980 299-5700
Industry Specialty Chemicals
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 6,000

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