With the fallout in the electric vehicle space, contrarian investors may want to consider certain battery stocks to buy. This approach has a few advantages over targeting specific EV brands.First, all EVs require an underlying power supply. Second, it’s difficult to tell which automaker will ultimately stand victorious following the bloodbath. It could be one of the legacy manufacturers or a pure-play enterprise. It’s a tossup.Third, the political and ideological framework is pushing industries of all strip ...

USA News Group Commentary VANCOUVER, BC, April 26, 2024 /PRNewswire/ -- USA News Group – Already in 2023 there have been two multibillion-dollar takeover bids rejected that would've involved critical battery metals assets. The first to go down was Liontown Resources turning down a US$3.6 billion offer from Albemarle Corporation (NYSE:ALB), followed by Teck Resources Limited (NYSE:TECK) (TSX:TECK-A) (TSX:TECK-B) rejecting a US$23.2 billion merger proposal from Glencore plc (OTC:GLNCY). Meanwhile, mining gian ...

The lithium specialist's stock is looking increasingly attractive.Lithium miner Albemarle (ALB -1.80%) has struggled since hitting an all-time high in 2022, with shares down about 64% since. A primary cause of the decline is likely profit-taking after an intense run-up during the pandemic, but slowing adoption of electric vehicles (EVs) and reduced expectations for future EV demand are also significant factors.Multiple automakers -- including Ford Motor Company (NYSE: F), General Motors (NYSE: GM), Volkswag ...

When you look at the technology, it’s hard not to be bullish on the future of electric vehicles. The environmental impact alone should be enough to realize that EV adoption will continue to rise as time goes on. As cars move away from being automobiles and more towards computerized vehicles, the benefits of EV technology far outweigh the benefits of traditional internal combustion engines (ICE). So if you’re bullish on EV technology, one way to play the sector is to invest in battery stocks. Batteries are l ...

The demand for batteries has seen a significant surge in recent times, leading to a rise in the valuation of battery stocks. With governments worldwide implementing stricter emissions regulations and consumers increasingly choosing electric over traditional combustion engines, the future for EV battery stocks looks exceptionally bright.The electric vehicle battery market is projected to grow significantly from 2024 to 2029. As per Mordor Intelligence, the market could reach $178 billion by 2029, growing at ...

Albemarle (ALB) closed the most recent trading day at $112.29, moving +0.12% from the previous trading session. This move lagged the S&P 500's daily gain of 0.87%. At the same time, the Dow added 0.67%, and the tech-heavy Nasdaq gained 1.11%.Shares of the specialty chemicals company witnessed a loss of 7.21% over the previous month, trailing the performance of the Basic Materials sector with its loss of 0.08% and the S&P 500's loss of 3.97%.Analysts and investors alike will be keeping a close eye on the per ...

Key PointsPiedmont Lithium received regulatory approval for its Carolina Lithium Project after nearly 3 years.Piedmont expects to be the first vertically integrated operation to extract and process spodumene concentrate to manufacture up to 30,000 tons of lithium hydroxide annually.Lithium Americas is almost fully funded for its Thacker Pass project in Nevada, known as the largest discovered lithium source in the United States, capable of up to 40,000 tons of lithium production in phase 1.5 stocks we like b ...

There's a lot of positive momentum for this commodity producer -- but also major risks.We are in the midst of a major energy upheaval. After a century-plus of fossil-fuel domination, the world is moving more and more toward solar power, wind generation, and battery storage.For transportation, there's a major transition to battery electric vehicles (EVs) over internal combustion engine (ICE) vehicles. The demand for EVs is soaring, with analysts projecting they'll be the majority of vehicle sales by 2030. Bu ...

OlemediaThe past several months have not been exactly pleasant for shareholders of lithium giant Albemarle Corporation (NYSE:ALB). The specialty chemicals producer has seen its shares consistently underperform the market. As an example, we need only look at how the stock has fared since I last wrote a bullish article about it in January of this year. Even after the stock had fallen previously leading up to that point, shares have only achieved upside of 0.4% at a time when the S&P 500 has jumped by 8.8% ...

Donation to support training and apprenticeship programs for growing regional industries CHARLOTTE, N.C., April 17, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced a $1 million donation to Cleveland Community College (CCC) for the purchase of equipment, supplies and facility improvements to benefit workforce training programs. The Shelby, NC-based college's programs are designed to strengthen th ...