Albemarle’s lithium segment generated $277,711 in net income when lithium carbonate prices were as low as $5.70. So how did the company manage to record a net loss of $1.2 billion in 2024, when prices were still above $10? Expect more cuts.
Shareholders and employees would be better off paying Kent Masters and Eric Norris $18 million a year to do nothing, than enduring their 'exceptional leadership' and 'great contributions.'
The upcoming report from Albemarle (ALB) is expected to reveal quarterly loss of $0.62 per share, indicating a decline of 338.5% compared to the year-ago period.
https://www.nasdaq.com/articles/unveiling-albemarle-alb-q1-outlook-wall-street-estimates-key-metrics
https://source.benchmarkminerals.com/article/whats-in-store-for-lithium-prices