AMG : Lower lithium price offsets strong results other divisions
>Upped 2024 estimates but lower 2025-2026 estimates. Neutral maintained - AMG’s Q2 2024 results were much better than expected despite a still adverse pricing environment for lithium, vanadium and tantalum. However, we lower our estimates for AMG Lithium for 2024 due to the further decline in lithium carbonate prices, which offsets a material uptick in expected production and sales in Q3 and Q4. We have increased our estimates for AMG Vanadium and AMG Technologies o...AMG Advanced Metaurgical Group NV is a holding company. Through its subsidiaries Co. creates and applies metallurgical solutions to the global trend of sustainable development of natural resources and CO2 reduction. Co. operates in three business segments: the Advanced Materials segment is engaged in the production of specialty metals and alloys; the Engineering Systems segement consists of proprietary technologies for the design and engineering of vacuum furnaces and related equipment used in the production and treatment of metals and alloys; and the Graphit Kropfmuhl's segment extracts, processes and refines natural crystalline graphite
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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