Narrow-Moat Albemarle Receives Final Approval for Chilean Lithium Expansion; Shares Undervalued
Narrow-moat Albemarle has received final approval to expand the volumes and extend the terms of its lithium production in the Salar de Atacama, Chile. Albemarle’s Chilean operation is one of the lowest-cost assets globally, forming the basis of our narrow economic moat rating for the company. We contend that Albemarle will double cash flows over the next five years through a combination of higher lithium production and prices. Albemarle is one of our Best Ideas and our favorite way to play the h...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.
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