The world's top lithium miner is still rapidly expanding production capacity despite lower prices.
News & Analysis: Albemarle
The lithium producer cut 2019 guidance and told investors that they'll have to endure tough times into 2020.
The company reported solid second-quarter 2019 operating results, but significantly reduced production expansion plans.
It's been a tough year for the lithium provider, but June ended up being a good month.
The specialty chemicals company has been touting its expanding lithium business, but a couple of factors held that segment back last month.
Almost all of Albemarle's big gain came in the last few days of the month.
The world's largest lithium producer announced full-year 2018 earnings and provided guidance for the year ahead.
An insatiable appetite for lithium stocks pushed valuations skyward in 2017, but the industry took a breather last year. The growth opportunities are still undeniable.
It was not a good month for the lithium miner's shares, which got caught up in a commodity downturn despite a solid outlook for demand.
Although shareholders were charged up about this lithium production leader in 2017, they appeared drained in the first half of 2018.
The lithium miner lost money but beat on earnings.