Albemarle (ALB) Stock: Valuation Approaching Attractive Levels

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Funding thesis

After reaching an all-time report excessive a number of months in the past, Albemarle’s (NYSE:ALB) inventory worth declined by a couple of third. The decline within the inventory worth corresponds with a steep drop in lithium costs, fairly than

Albemarle 2022 financial results


Lithium spot price

Buying and selling Economics

Albemarle 2023 guidance


Albemarle financial metrics

Albemarle monetary metrics (Searching for Alpha)

Albemarle P/E versus various mining peers

Information supply: Searching for Alpha

Shell production by year 2020-2022


Average EV prices, China, US & Europe, 2015 compared with 2022

Searching for Alpha

Global EV sales forecast to 2040

Goldman Sachs