Aug. 11 at 7:59 PM
$ALB Albemarle Corporation reported its second-quarter 2025 earnings, surpassing revenue forecasts with a total of
$1.33 billion, exceeding expectations of
$1.22 billion by 9.02%. Despite the revenue beat, the company posted earnings per share of
$0.11, which was below the projected -
$0.78, resulting in a surprise of -114.1%. Oppenheimer responded to these results by raising Albemarle's stock price target to
$109.00 from
$107.00, while maintaining an Outperform rating. The company chose to maintain its existing guidance following its strong quarterly results. Meanwhile, Contemporary Amperex Technology Co Ltd (CATL) has suspended operations at its Jianxiawo lithium mine due to a lapsed permit, affecting 2-3% of the global lithium supply. CATL is in talks with the Chinese government for a permit renewal, expecting the mine to remain offline for several months. The mine's production capacity is approximately 3% of the world's projected lithium output for 2025
