Higher EV adoption should drive strong lithium growth for narrow-moat Albemarle.
Narrow-moat Albemarle reported strong 2016 results, with adjusted EBITDA (excluding divestitures) increasing over 13% to reach $758 million due to significant growth in lithium cash flows. We expect Albemarle will achieve the high end of its 2017 adjusted EBITDA growth guidance of 6-11%, driven primarily by higher lithium prices and volumes. Through the largest production expansions in the industry, we believe Albemarle is well positioned to take advantage of the lithium demand boom as electric ...Albemarle is a global developer, manufacturer and marketer of chemicals across a range of end markets including energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, crop protection and custom chemistry services. The company's segments include: Lithium, which develops and manufactures a range of basic lithium compounds and lithium specialties and reagents; Bromine Specialties, which includes products used in fire safety solutions and other chemicals applications; and Catalysts, which includes Clean Fuels Technologies, fluidized catalytic cracking catalysts and additives, and performance catalyst solutions.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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