from Albemarle earnings call:
Eric Norris: "So there's very strong growth in China coming off of very low inventory levels. And that's obviously a favorable indicator for price in light of the pressure on producers at these price levels that Kent described. And the inventory more specifically, what we're seeing is inventory is pretty much at very low levels, ending in March, relatively speaking. So less than 2 weeks from a lithium producer standpoint, and about a week for downstream cathode company. That's in China. It's a little higher for battery producers -- or excuse me, for battery inventories. But again, at levels that are very low compared to the average we saw in 2023. So that, coupled with this demand signal we're getting from China, we see it as a positive signal for price going forward. And obviously, we'll have to -- we don't know for sure, but we'll watch that carefully. And should that happen, that will benefit our earnings going forward."
https://seekingalpha.com/article/4688629-albemarle-corporation-alb-q1-2024-earnings-call-transcript
- Forums
- ASX - By Stock
- General Discussion
from Albemarle earnings call:Eric Norris: "So there's very...
- There are more pages in this discussion • 136 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LTM (ASX) to my watchlist
(20min delay)
|
|||||
Last
$6.45 |
Change
0.170(2.71%) |
Mkt cap ! $2.503B |
Open | High | Low | Value | Volume |
$6.44 | $6.45 | $6.37 | $10.68M | 1.662M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12330 | $6.44 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.45 | 9347 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 12330 | 6.440 |
2 | 10000 | 6.390 |
2 | 5000 | 6.370 |
1 | 2200 | 6.360 |
2 | 5700 | 6.350 |
Price($) | Vol. | No. |
---|---|---|
6.450 | 5693 | 2 |
6.470 | 1098 | 2 |
6.480 | 300 | 1 |
6.490 | 19223 | 2 |
6.500 | 53809 | 7 |
Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
|
|||||
Last
$6.43 |
  |
Change
0.170 ( 2.52 %) |
|||
Open | High | Low | Volume | ||
$6.44 | $6.45 | $6.37 | 199711 | ||
Last updated 15.59pm 06/06/2024 ? |
Featured News
LTM (ASX) Chart |