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Albemarle Corporation

ALB

ALB: Albemarle is the world's largest lithium producer. Our outlook for robust lithium demand is predicated upon increased demand for electric vehicle batteries. Albemarle produces lithium from its salt brine deposits in Chile and the U.S. and its hard rock joint venture mines in Australia. Albemarle is also a global leader in the production of bromine, used in flame retardants. The company is also a major producer of oil refining catalysts.

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Recent trades of ALB by members of U.S. Congress

Politician Type Traded
Daniel Goldman House / D Sale $15,001 - $50,000 Apr. 10, 2023
Deborah K. Ross House / D Purchase $15,001 - $50,000 Dec. 28, 2021
Marjorie Taylor Greene House / R Purchase $1,001 - $15,000 Aug. 31, 2021
Richard W. Allen House / R Purchase $15,001 - $50,000 May. 04, 2021
Richard W. Allen House / R Purchase $15,001 - $50,000 May. 04, 2021
Richard W. Allen House / R Purchase $1,001 - $15,000 Feb. 10, 2021
Richard W. Allen House / R Purchase $1,001 - $15,000 Feb. 10, 2021
Perdue, David Senate / R Sale (Full) $50,001 - $100,000 Apr. 14, 2020
Perdue, David Senate / R Sale (Full) $50,001 - $100,000 Apr. 14, 2020
Perdue, David Senate / R Sale (Partial) $1,001 - $15,000 Feb. 19, 2020
Perdue, David Senate / R Sale (Partial) $1,001 - $15,000 Feb. 19, 2020
Perdue, David Senate / R Purchase $1,001 - $15,000 Jan. 06, 2020
Perdue, David Senate / R Purchase $1,001 - $15,000 Dec. 31, 2019
Gilbert Cisneros House / D Sale $1,001 - $15,000 Dec. 06, 2019
Perdue, David Senate / R Purchase $1,001 - $15,000 Dec. 05, 2019
Dean Phillips House / D Sale $1,001 - $15,000 Nov. 22, 2019
Perdue, David Senate / R Purchase $1,001 - $15,000 Nov. 20, 2019
Perdue, David Senate / R Purchase $1,001 - $15,000 Nov. 08, 2019
Perdue, David Senate / R Purchase $1,001 - $15,000 Nov. 08, 2019
Perdue, David Senate / R Purchase $1,001 - $15,000 Oct. 31, 2019
Perdue, David Senate / R Purchase $1,001 - $15,000 Oct. 29, 2019
Perdue, David Senate / R Purchase $1,001 - $15,000 Oct. 28, 2019
Perdue, David Senate / R Purchase $15,001 - $50,000 Oct. 25, 2019
Gilbert Cisneros House / D Purchase $1,001 - $15,000 Aug. 14, 2019
Dean Phillips House / D Purchase $1,001 - $15,000 Jun. 20, 2019
Dean Phillips House / D Purchase $1,001 - $15,000 May. 13, 2019
Nicholas Van Taylor House / R Sale $1,001 - $15,000 Mar. 25, 2019
Gilbert Cisneros House / D Sale $1,001 - $15,000 Mar. 14, 2019
Inhofe, James M. Senate / R Sale (Full) $15,001 - $50,000 Jan. 16, 2019
Inhofe, James M. Senate / R Purchase $15,001 - $50,000 Oct. 17, 2018
Josh Gottheimer House / D Purchase $1,001 - $15,000 Aug. 07, 2017
Lois Frankel House / D Sale $1,001 - $15,000 Nov. 06, 2015
Thomas Macarthur House / R Sale $1,001 - $15,000 Mar. 18, 2015
Ms. Lois Frankel House / D Purchase $1,001 - $15,000 Apr. 24, 2014

Recently reported changes by institutional investors

Quarterly net insider trading by ALB's directors and management

Government lobbying spending instances

  • $25,000 Feb 21, 2023 Issue: Natural Resources Consumer Issues/Safety/Products Automotive Industry Trade (domestic/foreign) Energy/Nuclear Tariff (miscellaneous tariff bills)
  • $25,000 Nov 15, 2022 Issue: Natural Resources Consumer Issues/Safety/Products Automotive Industry Trade (domestic/foreign) Energy/Nuclear Tariff (miscellaneous tariff bills)
  • $25,000 Aug 25, 2022 Issue: Natural Resources Consumer Issues/Safety/Products Automotive Industry Trade (domestic/foreign) Energy/Nuclear Tariff (miscellaneous tariff bills)
  • $25,000 May 15, 2022 Issue: Natural Resources Consumer Issues/Safety/Products Automotive Industry Trade (domestic/foreign) Energy/Nuclear Tariff (miscellaneous tariff bills)
  • $25,000 Feb 09, 2022 Issue: None
  • $25,000 Dec 09, 2021 Issue: None
  • $25,000 Jul 21, 2021 Issue: None
  • $25,000 May 26, 2021 Issue: None
  • $15,000 Feb 12, 2021 Issue: None
  • $20,000 Nov 11, 2020 Issue: None
  • $20,000 Aug 17, 2020 Issue: None
  • $20,000 Jun 08, 2020 Issue: None
  • $20,000 Feb 20, 2020 Issue: None
  • $20,000 Nov 01, 2019 Issue: Tariff (miscellaneous tariff bills) Pharmacy Energy/Nuclear Trade (domestic/foreign)
  • $175,613 Aug 22, 2019 Issue: Tariff (miscellaneous tariff bills) Trade (domestic/foreign) Energy/Nuclear Pharmacy
  • $10,000 May 22, 2019 Issue: Trade (domestic/foreign) Energy/Nuclear Pharmacy Tariff (miscellaneous tariff bills)
  • $10,000 Feb 28, 2019 Issue: Pharmacy Energy/Nuclear Trade (domestic/foreign) Tariff (miscellaneous tariff bills)
  • $20,000 Nov 28, 2018 Issue: Tariff (miscellaneous tariff bills) Pharmacy Energy/Nuclear Trade (domestic/foreign)
  • $20,000 Aug 06, 2018 Issue: Trade (domestic/foreign) Energy/Nuclear Pharmacy Tariff (miscellaneous tariff bills)
  • $20,000 May 10, 2018 Issue: Tariff (miscellaneous tariff bills) Energy/Nuclear
  • $10,000 Feb 07, 2018 Issue: Taxation/Internal Revenue Code Tariff (miscellaneous tariff bills)
  • $20,000 Oct 19, 2017 Issue: Urban Development/Municipalities Economics/Economic Development
  • $74,021 Jul 24, 2017 Issue: Taxation/Internal Revenue Code Chemicals/Chemical Industry Energy/Nuclear
  • $10,000 Jan 28, 2016 Issue: Chemicals/Chemical Industry
  • $10,000 Jan 28, 2016 Issue: Chemicals/Chemical Industry
  • $10,000 Nov 10, 2015 Issue: Chemicals/Chemical Industry
  • $10,000 Apr 07, 2015 Issue: Chemicals/Chemical Industry
  • $10,000 Jul 22, 2013 Issue: Transportation
  • $10,000 Jul 10, 2013 Issue: Tariff (miscellaneous tariff bills) Chemicals/Chemical Industry
  • $10,000 Apr 11, 2013 Issue: Transportation
  • $10,000 Oct 19, 2012 Issue: Transportation
  • $10,000 Jul 20, 2012 Issue: Transportation
  • $10,000 Apr 25, 2012 Issue: Transportation
  • $10,000 Jan 24, 2012 Issue: Transportation
  • $30,000 Jan 20, 2012 Issue: Budget/Appropriations Defense
  • $10,000 Oct 20, 2011 Issue: Transportation
  • $30,000 Oct 19, 2011 Issue: Defense Budget/Appropriations
  • $7,500 Jul 20, 2011 Issue: Transportation
  • $30,000 Jul 19, 2011 Issue: Budget/Appropriations Defense
  • $30,000 Apr 20, 2011 Issue: Defense Budget/Appropriations
  • $10,000 Apr 20, 2011 Issue: Transportation
  • $30,000 Jan 20, 2011 Issue: Defense Budget/Appropriations
  • $10,000 Apr 28, 2010 Issue: Chemicals/Chemical Industry
  • $10,000 Apr 22, 2010 Issue: Chemicals/Chemical Industry
  • $10,000 Apr 16, 2010 Issue: Chemicals/Chemical Industry
  • $10,000 Jan 21, 2010 Issue: Chemicals/Chemical Industry
  • $10,000 Oct 20, 2009 Issue: Chemicals/Chemical Industry Budget/Appropriations Defense Energy/Nuclear
  • $20,000 Mar 06, 2008 Issue: Trade (domestic/foreign)
  • $20,000 Sep 30, 2006 Issue: Chemicals/Chemical Industry
  • $20,000 Aug 10, 2006 Issue: Environment/Superfund
  • $40,000 Feb 14, 2006 Issue: Environment/Superfund
  • $20,000 Aug 18, 2005 Issue: Trade (domestic/foreign) Railroads Chemicals/Chemical Industry Pharmacy Clean Air and Water (quality)
  • $20,000 Feb 24, 2005 Issue: Chemicals/Chemical Industry Clean Air and Water (quality) Trade (domestic/foreign) Railroads
  • $60,000 Aug 16, 2004 Issue: None
  • $20,000 Feb 13, 2004 Issue: Budget/Appropriations
  • $20,000 Aug 13, 2003 Issue: Budget/Appropriations
  • $20,000 Feb 13, 2003 Issue: Budget/Appropriations
  • $20,000 Aug 12, 2002 Issue: Budget/Appropriations
  • $20,000 Mar 28, 2002 Issue: Trade (domestic/foreign) Railroads Chemicals/Chemical Industry Clean Air and Water (quality)
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Quiver LogoOur Analysis
Posted: 4 months, 3 weeks ago // May 3, 2023 2:18 p.m. UTC
The Chilean Lithium Takeover and the US Stocks That Could Benefit

On April 21, 2023, Chilean President Gabriel Boric made shockwaves around the world following the announcement that he intends to nationalize much of the country's lithium industry to redistribute the country's mineral wealth among the people. Various CEO’s of mining stocks operating out of the country were quick to downplay the announcement. Despite best efforts, this wasn’t enough to reassure many investors, with shares Sociedad Quimica ($SQM), and Albemarle Corporation ($ALB), down over 17% and 20% on the month respectively.

When you consider that Chile has the largest proven lithium deposits of any country on earth by most geological surveys, coupled with the ever-growing demand for lithium to produce countless amounts of goods, it's easy to see how this announcement caused concern. This concern was especially high in countries like the United States, who is almost entirely dependent on foreign countries like Chile for their lithium needs. Moreover, this also served as a much-needed wake-up call that the US can't depend on countries like Chile or China for critical materials like lithium.

Seeing this unfold, I went to work looking to identify what US-based lithium miners might benefit from a potential lithium supply chain shift towards the United States.

Interestingly, this presented a challenge because to this day, the U.S. produces almost no lithium domestically. This comes despite the U.S. have several lithium deposits scattered across the country containing millions of tons of Lithium Carbonate. Further research revealed that main reason behind this stems from the fact that nearly all attempts to extract the white gold have been met with strong opposition from environmental groups, and/or substantial federal permitting delays. As you'd expect, this lack of domestic lithium production has forced many U.S.-based companies to look abroad for lithium and other rare-earth materials needed to produce goods.

This problem only increased last year when The Inflation Reduction Act was passed which allocated $360 billion to “green energy” investments, many of which are dependent on materials like lithium as their core ingredient. As a result, foreign companies have been the largest beneficences of the bill so far. For instance, late last year, The Department of Energy awarded a $200 million grant to lithium battery company, Microvast ($MVST). However, shortly after the announcement, it was discovered that while Microvast ($MVST) has corporate headquarters in Stafford, Texas, most of the company operates exclusively out of China.

Given the seemingly poor state of the domestic lithium industry, I wasn't sure that many U.S. stocks would be able to capitalize on this. However, this quickly changed following a newly proposed bill by West Virginia Senator Joe Manchin called the “Building American Energy Security Act of 2023”. In summary, this bill proposes to shorten the environmental review timelines for major of major federal renewable and fossil fuel projects to 1-2 years, compared to the potential 10+ years it can take today (Cough* The Willow Project). And despite the gridlock in Congress, this bill has potential to pass with widespread support from both parties, including President Biden, who expressed support for the bill the day it was announced.

If the bill is passed, there’s two specific lithium mining companies to keep an eye on as potential beneficiaries from expedited permitting timelines:

The first company being, Piedmont Lithium ($PLL), a lithium mining company several years into the application process to excavate a lithium mine in North Carolina, which upon its approval can fulfill it’s multi-billion-dollar lithium supply agreement with Tesla ($TSLA). Additionally, former Congressman Chris Jacobs purchased shares of Piedmont late last year. Not only does Jacobs have one of the best trading records of any member of Congress, but at the time of his purchase, he sat on the sub-committee for energy.

The second company is Ioneer ($IONR), an Australian lithium mining company which was recently granted a $700 million loan from The Department of Energy to help develop it’s mammoth lithium-boron project in Nevada, with recent geological surveys estimating it’s contains over 3.4 million tons of lithium carbonate. Assuming an average sales price of $26,000 per ton of lithium carbonate, that would equate to about $88 billion in lithium reserves alone, or about 200x higher than its current market cap of just $430 million, presenting a massive potential upside.

While these are just educated guesses, and it’s impossible to know for sure who would be granted expedited permitting timelines, be sure to check Quiver Quant as much as possible to see what stocks members of Congress are buying ahead of the potential vote on the bill, because let's be honest, if anyone knows what stocks are going to benefit, it'll be them.

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