Albemarle (ALB) Stock Forecast for 2024–2028. Sell or Buy?

The chart below shows the historical price of Albemarle stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Albemarle stock price can be found in the table below.

Long-term forecasts by years.

The International Energy Agency’s Stated Policies Scenario (STEPS) projects that by the year 2030, sales of electric vehicles will skyrocket to 36.9 million units annually – that’s a whopping 261.7% leap from figures in 2022!

Albemarle (ALB) Investment Summary:

The company in focus runs three primary business arms: Energy Storage, Specialties, and Ketjen. Each offering a wide selection of essential services and products tailored to cater to the automotive, energy, construction, chemical, and petroleum refining sectors.

Crucial to the firm’s functionality is the Energy Storage unit which racked up about 74.4% of its total revenue for Q2 2023. This sector zeroes in on developing, commercializing, and manufacturing lithium-based merchandise.

An Expanded take from Quarterly Financial Reports:

Lithium, an incredible alkali metal that it is, boasts distinctive chemical properties rendering it coveted in creating crucial things like medicinal drugs for mental disorders. Moreover, Lithium also plays a crucial role in the making of everyday essentials such as glass and plastic items as well as lithium-ion batteries – a popular choice among electric vehicles and consumer electronics users.

There’s been speculation due to Albemarle’s share price reduction over recent months. This occurred amid growing fears from financial market participants about possible oversupply of lithium affecting its high-growth rate. We are confident though that the escalating demand within the global lithium-ion battery market could prove critical.

According to data published in 2022, there had been an exponential ascension for electric vehicle sales reaching an all-time high at 10.2 million units sold – marking a year-on-year jump by 56.9%. If we take it back to 2012 when EV sales were just at 118 thousand units worldwide, how far they’ve come is rather impressive.

China contributes significantly to this robust expansion in electric vehicle consumption being spurred by both rapid charging infrastructure advancements and favourable policies by the government.

The International Energy Agency Stated Policies Scenario (STEPS) predicts that by 2030 we could see annual EV sales soaring to approximately 36.9 million units – this translates into a staggering growth of 261.7% from 2022’s recorded sales. With lithium poised to remain pivotal in battery production for the foreseeable future, Albemarle’s products are set to witness strong demand.

Albemarle Corporation (NYSE:ALB), located at Charlotte, North Carolina, is a trailblazer in the international specialty chemicals market.

Albemarle Corporation develops, manufactures and markets specialty chemicals around the world. It is a global company headquartered in Charlotte, North Carolina. It has almost 6 thousand employees and serves clients in about 100 countries. The corporation is one of the world leaders in the field of technologies for the production of fire-resistant chemicals.

The company was founded in February 1994. Starting with blotting paper, the company abandoned paper production in 1976, selling the business, and has been producing bromine in countries such as Jordan and France since the late 1990s.

Albemarle last paid dividends on 03/14/2024. The next scheduled payment will be on 04/01/2024. The amount of dividends is $1.6 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.