Ultime notizie per Albemarle (NYSE:ALB) Azioni

Albemarle

Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the US and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the US, Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.

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Albemarle Corp

ALBA MINERALS RESOCES PLC by Alba Minerals Resources PLC.

Alba Mineral Resources PLC

ALIBABA HEALTH UNSP/ADR by Alibaba Health Information Technology Ltd

Alibaba Health Information Technology Ltd

Albemarle Corp PRF PERPETUAL USD 1000 - Ser A 1/20th Pref St

ALUMINIUM BAHRAIN GDR

ALIBABA HEALTH INFO TECH by Alibaba Health Information Technology Ltd

ALPHA SVCS & HLDGS S A by Alpha Services and Holdings SA

Alpha Services and Holdings SA

ALPHA SERVICES AND HOLDINGS ORD

ALPHA SVCS & HLDGS S/ADR by Alpha Services and Holdings SA

ALBERT LABS INTL CORP by ALBERT LABS INTL CORP.

Albert Labs International Corp

Avalon Globocare Corp

AllianceBlock - United States Dollar

COMMUTY CAP BNCSHS INC by Community Capital Bancshares, Inc.

Community Capital Bancshares Inc

ALBEMARLE ORD

Albemarle Corporation Depositary Shares each representing a 1/20th of 7.25% Series A Mandatory Convertible Preferred Stock

<p>Whales with a lot of money to spend have taken a noticeably bearish stance on <strong>Albemarle</strong>.</p>
<p>Looking at options history for Albemarle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) we detected 19 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 47% with bearish.</p>
<p>From the overall spotted trades, 15 are puts, for a total amount of $1,135,315 and 4, calls, for a total amount of $212,662.</p>
<h3>Projected Price Targets</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $200.0 for Albemarle over the last 3 months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In today's trading context, the average open interest for options of Albemarle stands at 786.17, with a total volume reaching 4,398.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Albemarle, situated within the strike price corridor from $90.0 to $200.0, throughout the last 30 days.</p>
<h3>Albemarle Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729014374_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>ALB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$7.8</td>
<td>$7.75</td>
<td>$7.8</td>
<td>$95.00</td>
<td>$344.7K</td>
<td>1.0K</td>
<td style="text-align: right;">497</td>
</tr>
<tr>
<td>ALB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$5.6</td>
<td>$5.4</td>
<td>$5.55</td>
<td>$95.00</td>
<td>$144.3K</td>
<td>434</td>
<td style="text-align: right;">602</td>
</tr>
<tr>
<td>ALB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$9.45</td>
<td>$9.3</td>
<td>$9.35</td>
<td>$90.00</td>
<td>$137.1K</td>
<td>1.1K</td>
<td style="text-align: right;">477</td>
</tr>
<tr>
<td>ALB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$4.1</td>
<td>$4.0</td>
<td>$4.0</td>
<td>$115.00</td>
<td>$77.2K</td>
<td>928</td>
<td style="text-align: right;">193</td>
</tr>
<tr>
<td>ALB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$9.4</td>
<td>$9.3</td>
<td>$9.35</td>
<td>$90.00</td>
<td>$66.4K</td>
<td>1.1K</td>
<td style="text-align: right;">632</td>
</tr>
</tbody>
</table>
</p>
<h3>About Albemarle</h3>
<p>Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the US and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the US, Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.</p>
<p>Having examined the options trading patterns of Albemarle, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Albemarle's Current Market Status</h3>
<ul>
<li>Trading volume stands at 1,244,908, with ALB's price down by -2.7%, positioned at $96.91.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 22 days.</li>
</ul>
<h3>Professional Analyst Ratings for Albemarle</h3>
<p>1 market experts have recently issued ratings for this stock, with a consensus target price of $110.0.</p>
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&#x2A; Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for Albemarle, targeting a price of $110. </p>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Albemarle options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Options

Unpacking the Latest Options Trading Trends in Albemarle

WIIM

AMLI

LAAC

Shares of lithium companies are trading lower possibly due to an oversupply of the metal. Betting markets project Donald Trump's victory in the U.S. presidential election, which may result in a drop in demand for commodities related to renewable energy.

ALTM

Lithium shares are trading lower. The commodity has been weighed down this year by an oversupply.

<p>Whales with a lot of money to spend have taken a noticeably bearish stance on <strong>Albemarle</strong>.</p>
<p>Looking at options history for Albemarle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) we detected 8 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 50% with bearish.</p>
<p>From the overall spotted trades, 5 are puts, for a total amount of $224,452 and 3, calls, for a total amount of $76,385.</p>
<h3>Predicted Price Range</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $55.0 and $110.0 for Albemarle, spanning the last three months.</p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>In today's trading context, the average open interest for options of Albemarle stands at 938.5, with a total volume reaching 155.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Albemarle, situated within the strike price corridor from $55.0 to $110.0, throughout the last 30 days.</p>
<h3>Albemarle Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1728579679_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>ALB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$14.65</td>
<td>$14.45</td>
<td>$14.65</td>
<td>$110.00</td>
<td>$58.6K</td>
<td>420</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>ALB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$5.05</td>
<td>$4.8</td>
<td>$4.8</td>
<td>$90.00</td>
<td>$48.9K</td>
<td>894</td>
<td style="text-align: right;">98</td>
</tr>
<tr>
<td>ALB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$4.85</td>
<td>$4.8</td>
<td>$4.85</td>
<td>$90.00</td>
<td>$47.5K</td>
<td>894</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>ALB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$14.65</td>
<td>$14.2</td>
<td>$14.65</td>
<td>$110.00</td>
<td>$43.9K</td>
<td>2.9K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>ALB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$51.3</td>
<td>$50.3</td>
<td>$51.3</td>
<td>$55.00</td>
<td>$25.6K</td>
<td>34</td>
<td style="text-align: right;">5</td>
</tr>
</tbody>
</table>
</p>
<h3>About Albemarle</h3>
<p>Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the US and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the US, Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.</p>
<h3>Albemarle's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 864,735, the ALB's price is up by 1.09%, now at $103.03. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 27 days.</li>
</ul>
<h3>Expert Opinions on Albemarle</h3>
<p>A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $110.0.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on Albemarle with a target price of $110. </p>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Albemarle options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


This Is What Whales Are Betting On Albemarle

<p>Albemarle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) has been analyzed by 16 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.</p>
<p>Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $103.25, a high estimate of $170.00, and a low estimate of $78.00. A decline of 21.18% from the prior average price target is evident in the current average. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1728392410_0.png" alt="price target chart" /></p>
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
<p>A comprehensive examination of how financial experts perceive Albemarle is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Sison</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$110.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Stephen Richardson</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$170.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Jeffrey Zekauskas</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$78.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Corinne Blanchard</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Hold</td>
<td>$80.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Charles Neivert</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$90.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Ben Isaacson</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$85.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Arun Viswanathan</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$111.00</td>
<td>$128.00</td>
</tr>
<tr>
<td>Aleksey Yefremov</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$132.00</td>
<td>$151.00</td>
</tr>
<tr>
<td>Ben Kallo</td>
<td>Baird</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$85.00</td>
<td>$102.00</td>
</tr>
<tr>
<td>Matthew DeYoe</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$126.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Ben Kallo</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$102.00</td>
<td>$127.00</td>
</tr>
<tr>
<td>Andres Castanos Mollor</td>
<td>Berenberg</td>
<td>Lowers</td>
<td>Hold</td>
<td>$83.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Corinne Blanchard</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Hold</td>
<td>$105.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Santhosh Seshadri</td>
<td>HSBC</td>
<td>Announces</td>
<td>Hold</td>
<td>$95.00</td>
<td>-</td>
</tr>
<tr>
<td>Patrick Cunningham</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$100.00</td>
<td>$137.00</td>
</tr>
<tr>
<td>Michael Sison</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$100.00</td>
<td>$145.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Albemarle. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Albemarle compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
<p>To gain a panoramic view of Albemarle's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/ALB/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Albemarle analyst ratings.</strong></a></p>
<h2>Discovering Albemarle: A Closer Look</h2>
<p>Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the US and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the US, Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.</p>
<h3>Understanding the Numbers: Albemarle's Finances</h3>
<p><strong>Market Capitalization Analysis:</strong> Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.</p>
<p><strong>Negative Revenue Trend:</strong> Examining Albemarle's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately <strong>-39.65%</strong> in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Materials sector, the company faces challenges, achieving a growth rate lower than the average among peers.</p>
<p><strong>Net Margin:</strong> Albemarle's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of <strong>-16.07%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Albemarle's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of <strong>-2.51%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> Albemarle's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of <strong>-1.23%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Debt Management:</strong> Albemarle's debt-to-equity ratio is below the industry average at <strong>0.39</strong>, reflecting a lower dependency on debt financing and a more conservative financial approach.</p>
<h2>Analyst Ratings: What Are They?</h2>
<p>Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.</p>
<p>Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.</p>
<p><strong>Breaking: Wall Street's Next Big Mover</strong></p>
<p>Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights"><strong>Click here for urgent details</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Ratings

Critical Insights From Albemarle Analyst Ratings: What You Need To Know

<p>Wells Fargo  analyst Roger Read   maintains Albemarle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) with a Equal-Weight and raises the price target from $100 to $110.</p>


Price Target

Wells Fargo Maintains Equal-Weight on Albemarle, Raises Price Target to $110

<p>Financial giants have made a conspicuous bearish move on Albemarle. Our analysis of options history for Albemarle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) revealed 24 unusual trades.</p>
<p>Delving into the details, we found 33% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 15 were puts, with a value of $1,800,283, and 9 were calls, valued at $501,777.</p>
<h3>Predicted Price Range</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $70.0 to $260.0 for Albemarle during the past quarter. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>In terms of liquidity and interest, the mean open interest for Albemarle options trades today is 285.93 with a total volume of 2,054.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Albemarle's big money trades within a strike price range of $70.0 to $260.0 over the last 30 days.</p>
<h3>Albemarle Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1728327641_0_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>ALB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$12.85</td>
<td>$12.65</td>
<td>$12.8</td>
<td>$105.00</td>
<td>$1.0M</td>
<td style="text-align: right;">947</td>
<td style="text-align: right;">801</td>
</tr>
<tr>
<td>ALB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$156.8</td>
<td>$155.15</td>
<td>$155.79</td>
<td>$260.00</td>
<td>$140.1K</td>
<td style="text-align: right;">30</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>ALB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$25.6</td>
<td>$25.6</td>
<td>$25.6</td>
<td>$80.00</td>
<td>$128.0K</td>
<td style="text-align: right;">316</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>ALB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$14.2</td>
<td>$13.25</td>
<td>$13.25</td>
<td>$130.00</td>
<td>$84.8K</td>
<td style="text-align: right;">26</td>
<td style="text-align: right;">207</td>
</tr>
<tr>
<td>ALB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$13.25</td>
<td>$13.0</td>
<td>$13.25</td>
<td>$130.00</td>
<td>$74.2K</td>
<td style="text-align: right;">26</td>
<td style="text-align: right;">44</td>
</tr>
</tbody>
</table>
</p>
<h3>About Albemarle</h3>
<p>Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the US and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the US, Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.</p>
<p>Following our analysis of the options activities associated with Albemarle, we pivot to a closer look at the company's own performance.</p>
<h3>Where Is Albemarle Standing Right Now?</h3>
<ul>
<li>With a volume of 2,883,793, the price of ALB is up 1.93% at $104.06. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 30 days.</li>
</ul>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.</p>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Albemarle options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Albemarle Options Trading: A Deep Dive into Market Sentiment

<p>On Monday, <strong>Rio Tinto </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) confirmed that it is in <a target="_blank" href="https://www.riotinto.com/en/news/releases/2024/rio-tinto-confirms-approach-to-arcadium-lithium" rel="noreferrer noopener">non-binding talks to acquire</a> <strong>Arcadium Lithium </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTM#NYSE">ALTM</a>), a <a target="_blank" href="https://www.benzinga.com/topic/lithium" rel="noreferrer noopener">major lithium miner</a> formed from the merger of Livent and Allkem. Both companies clarified that the discussions are preliminary, and there is no certainty that a transaction will proceed.</p>
<p>If the acquisition goes through, Rio Tinto would become one of the largest lithium producers globally, behind industry leaders like <strong>Albemarle</strong> <strong>Corp</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) and <strong>SQM</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>).</p>
<p>However, the company would have to pay a significant premium, as industry insiders value Arcadium between $4 billion and $6 billion—representing a potential 60% premium over the company's market value.</p>
<p>Still, even that premium would be far off Arcadium's $10.6 billion valuation in January when a merger between <strong>Alkem</strong> and <strong>Livent </strong><a target="_blank" href="https://www.benzinga.com/markets/commodities/23/12/36309873/livent-secures-allkem-merger-following-piper-sandler-downgrade" rel="noreferrer noopener">created the enterprise</a>.</p>
<p>Since then, a prolonged slump in the lithium market has sent the shares down by more than 50%, making it an acquisition target. The company is also a diverse producer, with an operational footprint in nine countries and high-profile customers such as <strong>Tesla</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), <strong>BMW</strong>, and <strong>General Motors</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>).</p>
<p><strong>Michael Teran</strong>, deputy portfolio manager at <strong>Blackwattle Investment Partners</strong>, classified this move as an "opportunistic bid to take advantage of low lithium prices."</p>
<p>Most investors in the stock have already had a lot of pain or are there for the longer term, so they are looking through the cycle to see where this could end up," he said <a target="_blank" href="https://www.ft.com/content/a2f3f634-28fb-46cf-933e-9cc44b476a31" rel="noreferrer noopener">to</a> the Financial Times.</p>
<p>Rio Tinto already has significant lithium projects in development, including the <strong>Rincon </strong>project in Argentina and the <strong>Jadar </strong>project in Serbia. The company has committed <a target="_blank" href="https://www.benzinga.com/markets/commodities/24/03/37855851/argentinas-lithium-mining-sector-gets-350m-boost-with-rio-tinto-investment" rel="noreferrer noopener">significant capital to developing Rincon</a>, with plans to invest $2 billion in building a lithium carbonate production plant to ramp up production in 2025.</p>
<p>However, the Jadar project has faced <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/06/39357247/rio-tinto-to-initiate-largest-european-lithium-project-by-2028" rel="noreferrer noopener">considerable opposition</a> from local communities in Serbia. They are concerned about environmental impacts and slowing progress on one of Rio's critical European ventures.</p>
<p>Owing to the mineral nature of the lithium there, the project could not even use Arcadium's advanced direct lithium extraction (DLE) technology, which the company has been refining. Still, it would be a valuable advancement for brine-based projects in South America.</p>
<p>The Australian listing of Arcadium Lithium rose 45.7% on the news, closing at A$6.09 ($4.13). The US premarket listing was up 30%, trading at $3.98&nbsp; as of 6 AM ET.</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/news/large-cap/24/10/41176539/vale-plans-to-expand-copper-output-invests-184m-for-domestic-critical-minerals" target="_blank" rel="noreferrer noopener">Vale Plans To Expand Copper Output, Invests $184M For Domestic Critical Minerals</a></strong></li>
</ul>
<p><em>Photo via Shutterstock</em></p>


Large Cap

Commodities

TSLA

Rio Tinto Confirms Interest In Arcadium Lithium, Shares Surge

<p>Albemarle&#39;s&nbsp;operating structure will transition from two core global business units &ndash; Energy Storage and Specialties &ndash; to a fully integrated functional model designed to increase agility, deliver significant cost savings and maintain long-term competitiveness.&nbsp;</p>
<p>Albemarle&nbsp;will continue to report results across its three existing operating segments: Energy Storage, Specialties and Ketjen.</p>
<p>As part of this change, effective&nbsp;Nov. 1:</p>
<ul>
<li>Specialties Business President<strong>&nbsp;</strong>Netha Johnson&nbsp;will become chief operations officer and continues to report to Chairman and CEO&nbsp;Kent Masters.</li>
<li>Energy Storage Business President&nbsp;Eric Norris&nbsp;will become chief commercial officer and continues to report to Masters.</li>
</ul>


Albemarle Reveals New Operating Structure; To Transition From Two Core Global Business Units – Energy Storage And Specialties – To Fully Integrated Functional Model

<p>At many points in September, investors heard about the S&amp;P 500 hitting a record high. But at several points in that month, the index pulled back instead of moving higher. This is called a resistance level, a technical point where buying activity weakens, leaving room for sellers to come in.&nbsp;</p>
<p>You&#39;re well aware of this price movement if you&#39;re invested in an exchange-traded fund (ETF) such as the&nbsp;SPDR S&amp;P 500 ETF Trust. The SPY is up just 0.29% in the 30 days ending October 1. &nbsp;</p>
<p>But if you&#39;re investing in individual stocks, this choppy price action can be an opportunity to look for stocks with strong fundamentals that are being overlooked by investors. These are the stocks that have the best opportunity for strong gains. To find this group of stocks, we used the MarketBeat stock screener to find S&amp;P 500 stocks trading within 30% of their 52-week low with a forecast for at least 10% upside in earnings in the next 12 months. &nbsp;</p>
<h2><strong>A Breakout Stock in a Breakout Sector&nbsp;</strong></h2>
<p><strong>SLB Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slb#NYSE">SLB</a>), formerly known as Schlumberger, is an oilfield services company. The company&#39;s revenue and earnings are less sensitive to the price of crude oil but&nbsp;highly sensitive to CAPEX spending. In the last year, many of the major oil companies have been making up for years of underspending as the price of oil has moved higher. &nbsp;</p>
<p>That&#39;s reflected in the company&#39;s last four quarters, in which they reported year-over-year double-digit revenue and earnings growth. The price of oil is likely to continue climbing in 2025 regardless of the outcome of November&#39;s election, which makes SLB stock and its 2.5% dividend yield attractive, particularly with the stock trading near two-year lows. &nbsp;</p>
<p>The SLB analyst forecast on MarketBeat gives the stock a consensus price target of $65.29, which gives investors the potential for 48.5% upside from the stock&#39;s closing price on October 1, 2024. &nbsp;</p>
<h2><strong>This Lithium Stock Is a Solid Play as China Stocks Soar&nbsp;</strong></h2>
<p>China stocks are making a strong recovery as the Chinese government has unleashed a wave of stimulus programs to boost the country&#39;s struggling economy. If you believe in the economy&#39;s recovery, it bodes well for electric vehicle (EV) sales. &nbsp;</p>
<p>However, many investors may still feel that it&#39;s too risky to buy China stocks. A company that is adjacent to China stocks is <strong>Albemarle Corp.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alb#NYSE">ALB</a>). The lithium miner&#39;s stock is down over 34% in 2024 as the price of lithium has declined as has the company&#39;s free cash flow. &nbsp;</p>
<p>Albemarle&#39;s turnaround may not be immediate, which explains the consensus Hold rating on the stock. However, ALB stock looks to be forming a bottom around $72. And the Albermarle analyst forecasts on MarketBeat give the stock a $117.10 price target which is 26% higher than its price on October 2. And investors get a dividend that the company has been increasing for 30 consecutive years. &nbsp;</p>
<h2><strong>Despite Supply Chain Concerns, This Undervalued Medical Stock Is Worth a Look&nbsp;</strong></h2>
<p><strong>McKesson Corp.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mck#NYSE">MCK</a>) is one of the undervalued medical stocks in the S&amp;P 500. The company is a global leader in healthcare that partners with care providers, pharmacies, and manufacturers to deliver the right medicines, products and healthcare services to the right patients at the right time. &nbsp;</p>
<p>MCK stock is up 7.6% in 2024 but is down approximately 14.7% in the last three months. The company last reported earnings in August and missed on the top line. One issue affecting the company is delays in getting GLP-1 drugs. Demand simply outpaces supply. &nbsp;</p>
<p>To be fair, this issue is likely to get worse if the port strike lasts for any length of time. That could weigh on MCK stock in the short term. &nbsp;</p>
<p>However, analysts are still forecasting a 10% increase in the company&#39;s earnings. They also give the stock a consensus Moderate Buy rating with a price target of over $613, which is more than 24% above its current price. Investors also get a dividend that has increased at an average rate of 11% in the last three years. The company may increase the payout now that it is done buying back its shares. &nbsp;</p>
<p>The article &quot;<a href="https://www.marketbeat.com/stock-ideas/has-the-s-and-p-500-hit-resistance-level-stocks-to-buy-on-a-dip/">S&amp;P 500 Hitting Resistance: These 3 Stocks Offer the Best Upside</a>&quot; first appeared on MarketBeat.</p>


Earnings

Dividends

Tech

S&P 500 Hitting Resistance: These 3 Stocks Offer the Best Upside

CRML

Shares of lithium companies are trading higher following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.

<p>High-rolling investors have positioned themselves bullish on Albemarle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>), and it's important for retail traders to take note.<br />
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ALB often signals that someone has privileged information.</p>
<p>Today, Benzinga's options scanner spotted 8 options trades for Albemarle. This is not a typical pattern.</p>
<p>The sentiment among these major traders is split, with 62% bullish and 25% bearish. Among all the options we identified, there was one put, amounting to $27,600, and 7 calls, totaling $777,082.</p>
<h3>Projected Price Targets</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $120.0 for Albemarle over the recent three months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In terms of liquidity and interest, the mean open interest for Albemarle options trades today is 136.17 with a total volume of 325.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Albemarle's big money trades within a strike price range of $50.0 to $120.0 over the last 30 days.</p>
<h3>Albemarle Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727280036_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>ALB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$46.9</td>
<td>$45.5</td>
<td>$46.89</td>
<td>$50.00</td>
<td>$351.6K</td>
<td style="text-align: right;">26</td>
<td style="text-align: right;">75</td>
</tr>
<tr>
<td>ALB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$40.0</td>
<td>$38.8</td>
<td>$40.0</td>
<td>$50.00</td>
<td>$192.0K</td>
<td style="text-align: right;">99</td>
<td style="text-align: right;">49</td>
</tr>
<tr>
<td>ALB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$39.0</td>
<td>$38.15</td>
<td>$39.0</td>
<td>$50.00</td>
<td>$105.3K</td>
<td style="text-align: right;">99</td>
<td style="text-align: right;">49</td>
</tr>
<tr>
<td>ALB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$26.25</td>
<td>$26.0</td>
<td>$26.0</td>
<td>$80.00</td>
<td>$39.0K</td>
<td style="text-align: right;">359</td>
<td style="text-align: right;">15</td>
</tr>
<tr>
<td>ALB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$7.2</td>
<td>$6.9</td>
<td>$6.95</td>
<td>$120.00</td>
<td>$34.7K</td>
<td style="text-align: right;">298</td>
<td style="text-align: right;">50</td>
</tr>
</tbody>
</table>
</p>
<h3>About Albemarle</h3>
<p>Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the US and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the US, Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.</p>
<p>Having examined the options trading patterns of Albemarle, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Where Is Albemarle Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 780,023, with ALB's price down by -2.28%, positioned at $88.39.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 35 days.</li>
</ul>
<h3>Professional Analyst Ratings for Albemarle</h3>
<p>A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $170.0.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Albemarle with a target price of $170. </p>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Albemarle options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


A Closer Look at Albemarle's Options Market Dynamics

Shares of lithium companies are trading higher after China Central Bank announced a new stimulus package.

LITH

Shares of lithium companies are trading higher. The US Department of Energy selected Standard Lithium and Equinor for an award negotiation of up to $225 million for the South West Arkansas project.

<p>Benzinga's options scanner just detected over 10 options trades for <strong>Albemarle</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) summing a total amount of $596,305.</p>
<p>At the same time, our algo caught 4 for a total amount of 223,395.</p>
<h3>Expected Price Movements</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $250.0 for Albemarle over the recent three months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In terms of liquidity and interest, the mean open interest for Albemarle options trades today is 2205.88 with a total volume of 2,928.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Albemarle's big money trades within a strike price range of $80.0 to $250.0 over the last 30 days.</p>
<h3>Albemarle 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727118052_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>ALB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$14.2</td>
<td>$14.15</td>
<td>$14.2</td>
<td>$115.00</td>
<td>$144.8K</td>
<td style="text-align: right;">118</td>
<td>702</td>
</tr>
<tr>
<td>ALB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$15.15</td>
<td>$14.15</td>
<td>$14.2</td>
<td>$115.00</td>
<td>$142.0K</td>
<td style="text-align: right;">118</td>
<td>1.0K</td>
</tr>
<tr>
<td>ALB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$14.2</td>
<td>$12.75</td>
<td>$14.2</td>
<td>$115.00</td>
<td>$140.5K</td>
<td style="text-align: right;">118</td>
<td>801</td>
</tr>
<tr>
<td>ALB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$7.4</td>
<td>$7.2</td>
<td>$7.3</td>
<td>$85.00</td>
<td>$64.3K</td>
<td style="text-align: right;">947</td>
<td>126</td>
</tr>
<tr>
<td>ALB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$161.25</td>
<td>$160.45</td>
<td>$160.71</td>
<td>$250.00</td>
<td>$64.2K</td>
<td style="text-align: right;">8</td>
<td>4</td>
</tr>
</tbody>
</table>
</p>
<h3>About Albemarle</h3>
<p>Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the US and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the US, Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.</p>
<p>Following our analysis of the options activities associated with Albemarle, we pivot to a closer look at the company's own performance.</p>
<h3>Current Position of Albemarle</h3>
<ul>
<li>Trading volume stands at 1,193,547, with ALB's price up by 3.79%, positioned at $89.29.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 37 days.</li>
</ul>
<h3>What The Experts Say On Albemarle</h3>
<p>In the last month, 1 experts released ratings on this stock with an average target price of $170.0.</p>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Albemarle, which currently sits at a price target of $170. </p>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Albemarle with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Check Out What Whales Are Doing With ALB

<p>On Friday, <strong>the U.S. Department of Energy (DOE) </strong>announced over $3 billion for 25 projects in 14 states to boost domestic production of advanced batteries and materials.</p>
<p>Of the 25 <a target="_blank" href="https://www.energy.gov/articles/biden-harris-administration-announces-over-3-billion-support-americas-battery#:~:text=WASHINGTON%2C%20D.C.%20%E2%80%94%20As%20part%20of,batteries%20and%20battery%20materials%20nationwide." rel="noreferrer noopener">selected</a> projects, over half have committed to or signed a Project Labor Agreement, and 10 have agreements with labor or neutrality pledges.</p>
<p>Union partners include NABTU, Boilermakers, SMART, Carpenters, Operating Engineers, UFCW, IBEW, and the UA. These projects, once finalized, are expected to create over 8,000 construction jobs and 4,000 operating jobs.</p>
<p>This initiative supports the administration's clean energy strategy alongside a $120 billion private sector investment in the EV supply chain.</p>
<p>These projects, which are essential for the U.S. grid and transportation electrification, are expected to improve facilities for producing battery-grade materials, components, manufacturing, and recycling.</p>
<p>The DOE is leveraging grants and loans to build a resilient battery manufacturing supply chain for Americans. Through MESC, the Investing in America agenda will generate $16 billion for battery manufacturing and recycling via the Battery Materials Processing and Manufacturing Program.</p>
<p>U.S. Secretary of Energy Jennifer M. Granholm said, "We're in the midst of a manufacturing revival in the United States as the Biden-Harris Administration's Investing in America agenda continues to breathe new life into communities and local economies across the country,"</p>
<p>John Podesta, Senior Advisor to President Biden for International Climate Policy, stated,<strong>&nbsp;</strong>"Today's battery manufacturing grants from DOE will boost America's manufacturing base, create good-paying union jobs all over the country, and help tackle the climate crisis."</p>
<p>As per Reuters report, <strong>Albemarle Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) will receive $67 million for a project in North Carolina to produce commercial quantities of anode material for next-generation lithium-ion batteries.</p>
<p>In addition, the DOE plans to award <strong>Dow Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>) $100 million to produce battery-grade carbonate solvents for lithium-ion battery electrolytes.</p>
<p>Also, <strong>Honeywell International Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) is projected to attain $126.6 million to construct a commercial-scale facility in Louisiana for producing a key electrolyte salt essential for lithium batteries.</p>
<p>This month, <strong>Occidental Petroleum's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>)&nbsp;subsidiary, 1PointFive, disclosed that the U.S. Department of Energy's Office of Clean Energy Demonstrations (OCED) planned to provide up to $500 million to support the development of the <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40850606/occidentals-1pointfive-secures-500m-boost-to-capture-co2-details" rel="noreferrer noopener">South&nbsp;Texas Direct Air Capture (DAC) Hub</a>.</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com//node/40961594" target="_blank" rel="noreferrer noopener">Mullen Automotive Gears Up $210M EV Deal In Dubai – Delivers First Units To Volt Mobility</a></strong></li>
</ul>
<p><strong><em>Disclaimer:</em></strong><em> This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</em></p>
<p><em>Photo by earth phakphum via Shutterstock</em></p>


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US Department Of Energy To Invest $3B in Battery Production

<p><a href="https://www.reuters.com/business/energy/us-award-3-billion-25-projects-battery-manufacturing-sector-2024-09-20/" title="https://www.reuters.com/business/energy/us-award-3-billion-25-projects-battery-manufacturing-sector-2024-09-20/">https://www.reuters.com/business/energy/us-award-3-billion-25-projects-battery-manufacturing-sector-2024-09-20/</a></p>


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U.S. Energy Department To Award $3B To 25 Battery Manufacturing Sector Projects In 14 States

Shares of lithium stocks are trading higher amid a rise in the metal's price after the Fed cut rates by 50 basis points at the FOMC yesterday.

Shares of lithium companies are trading lower amid a drop in the commodity price. Lithium prices may be dropping amid an oversupply.

<p><strong>Albemarle's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) short percent of float has fallen 3.68% since its last report. The company recently reported that it has <strong>11.86 million shares sold short</strong>, which is 11.52% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 4.95 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Albemarle Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726590611_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Albemarle has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Albemarle's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Albemarle's peer group average for short interest as a percentage of float is 3.04%, which means the company has <strong>more</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


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