Albamarl Positioned for a Turnaround in Lithium Cycle

28 days ago

Christine Kino

"Let's talk about Albamarl, which is I mean for the most part it is mainly a lithium producer, right? It's a chemicals company, but lithium is really its big thing and it seems like it's mostly gaining in sympathy with the rally in industrial metals that we're seeing today... And on the company specifically, we do have Bloomberg Intelligence weighing in on its fundamentals. So our analysts are saying that the company is adjusting its operating and cost structures to reflect a lower for longer price environment for lithium and so when the cycle turns and it seems like we are starting to get that turn now in industrial metals then it will be more competitively positioned so keep an eye on that one. Those shares at the moment, you know, ticker ALB are moving quite a bit, up 1.6% and up 71% year to date for the Charlotte, North Carolina based company."

Christine Kino highlights Albamarl's adjustment in operating and cost structures amid a prolonged lower price environment for lithium. With the industrial metals cycle showing signs of turning, the company may become more competitively positioned, supported by strong year-to-date gains.

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