Albemarle Posts Revenue Beat, Highlights Lithium Demand
Albemarle reported fourth-quarter revenue of $1.43 billion, beating analysts' $1.34 billion forecast, and posted a -$0.53 EPS that missed estimates but improved over 50% year-on-year. Management cited rising lithium prices and surging stationary storage demand, and noted a $90 million Department of Energy grant to reactivate the Kings Mountain mine. Analysts forecast global lithium demand to grow from $32.38 billion in 2025 to $96.45 billion by 2033, implying continued industry tailwinds for Albemarle.
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Sources
- Read OriginalIs Albemarle Setting Up for a Lithium-Fueled Rebound?investing.com
