Key Morningstar Metrics for Albemarle

• : $200.00
• : ★★★★

• Morningstar Economic Moat Rating

  : Narrow

• Morningstar Uncertainty Rating

  : Very High

What We Thought of Albemarle’s Earnings

Albemarle ALB reported strong second-quarter results, as higher lithium prices drove more than 150% year-over-year profit growth.

Why it matters: Shares were up 8% on Aug. 6 at the time of writing as the market reacted to the second-quarter results. Management does not guide to profits, so the market tends to use the most recent results and lithium spot and futures prices as directional indicators of profits.

• The huge profit increase is in line with our view that Albemarle’s low-cost lithium operations, which underpin our…