2024-03-26 08:02:20 ET
Summary
- Albemarle is a favorite within the lithium mining industry for risk-averse investors due to its low political and geopolitical risk profile, as well as its well-established operations.
- Weak financial results throughout the lithium mining industry signal that current lithium prices are not sustainable, meaning a turnaround is in the cards, although the timing is uncertain.
- Given the uncertainty of the timing of a lithium market turnaround, Albemarle is a good choice, because it is well-established and it carries less external risk, making it ideal for riding out market turbulence.
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Albemarle Is Losing Money, Lithium Market Turnaround Is Near (Rating Upgrade)