2024-06-12 03:56:16 ET
Summary
- Albemarle Corporation is facing a lithium downturn in the cyclical commodity market due to a decrease in demand for EVs.
- The company has implemented a cost-cutting program to improve free cash flow, but this entails a lot of successful execution.
- The article discusses the potential benefits and drawbacks of investing in Albemarle's common stock versus their newly floated preferred issue.
Cyclical commodity producer in a downturn
Albemarle Corporation ( ALB ), many would argue is in a cyclical downturn as the consumer's ravenous appetite for EVs has seemed to quell. On top of that, arguments that different battery chemistries may be popping up to challenge lithium as a cathode material have also been ringing bells. ...
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Albemarle: Bottom Of A Cycle, Pref Vs. Common