Albemarle: Has the Chemical Giant Found its Next Goldmine in the GLP-1 Boom?

As one of the largest lithium producers in the world, Albemarle benefited massively from rising raw material prices. In 2022, this culminated in an absolute record year with a revenue growth of 120% to $7.3 billion, as well as a profit increase from $0.1 billion to $2.7 billion. However, the profit margin of nearly 37% already decreased the following year to 16.3%, which, despite continuing rising revenues, led to a declining profit. In 2024, revenues also fell, and Albemarle had to endure a loss once again. The reasons for the negative development,...