Albemarle Corp
ALB: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$313.00 | Npwkxtf | Wnzjhnlnh |
Albemarle: Focus Shifts to Free Cash Flow Generation Amid Lower Lithium Prices
Albemarle announced a plan to change its focus in 2024. The company will now prioritize free cash flow generation over pursuing lithium volume growth as quickly as possible. As a result, Albemarle will reduce capital expenditures and operating expenses amid lower lithium prices.