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Still on the basis that current prices are the best estimate of where prices will be in a year or so, both Freeport-McMoRan (NYSE: FCX) and Albemarle (NYSE: ALB) look like unmissable value. Here's why.Ultimately, the idea is that both stocks have less downside potential than upside, making them good value stocks looking for asymmetric stock picks. Freeport-McMoRan looks like a great value for three reasons.Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks »First, in every earnings presentation, the company lays out its earnings before interest, taxes, depreciation, and amortization (EBITDA) sensitivity to copper prices. The last update for EBITDA in 2027/2028 assumes $11 billion at a price of copper of $4 per pound, and $19 billion at a price of $6 per pound. Given that the current price is $5.66, a rough estimate would be $17.6 billion, and assuming the current enterprise value (EV) of $96.9 billion, Freeport would trade on an EV/EBITDA multiple of just 5.5 times in 2027 -- a historically very favorable valuation.FCX EV to EBITDA data by YChartsSecond, as discussed elsewhere, Freeport is set to ramp up production in Indonesia over the next few years following a tragic accident last year.Data source: Freeport-McMoRan presentations. Chart by author.Third, the company's leaching initiative (a low-cost way to recover copper from existing stockpiles) continues to gain traction. Management has baked in an assumption of 250 million to 300 million pounds into its 2026 guidance (included in the chart above), but beyond that, it hasn't included the 400 million pounds it expects to hit in 2027, or anything else, as it ramps to 800 million pounds by 2030. As such, there's upside potential for the company's copper sales volumes, and given its already attractive valuation, Freeport is an excellent buy for investors comfortable with copper.Image source: Getty Images.A big drop in lithium prices, caused by less investment in electric vehicles after the pandemic boom, led to a sharp decline in Albemarle's income starting in 2022. Consequently, the company reported losses in 2024 and 2025.However, management didn't stand still and, having divested noncore businesses and cut costs, it's now positioned to benefit from the recent price pickup.Like Freeport, Albemarle's valuation appears appealing given current lithium prices. In January, the average price of lithium carbonate equivalent (LCE) was $20 per kg. If this price holds through 2026, Albemarle could earn $2.4 billion to $2.6 billion in EBITDA. With a current EV of $23.5 billion, this would equate to an EV/EBITDA ratio of 9.4 for 2026.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,886.50 -36.75 (-0.53%)Dow Futures49,459.00 -215.00 (-0.43%)Nasdaq Futures24,904.25 -163.25 (-0.65%)Russell 2000 Futures2,648.30 -20.50 (-0.77%)VIX20.51 +1.42 (+7.44%)Gold5,158.20 +77.30 (+1.52%)Trending tickersBTC-USD Bitcoin USD 65,695.50 -2,241.19 (-3.30%)ETH-USD Ethereum USD 1,883.46 -89.45 (-4.53%)NQ=F Nasdaq 100 Mar 26 24,903.25 -164.25 (-0.66%)XRP-USD XRP USD 1.37 -0.05 (-3.74%)SI=F Silver Mar 26 85.97 +3.62 (+4.40%)PortfolioSign in to access your portfolioSign inTop gainersRNG RingCentral, Inc. 39.50 +10.11 (+34.40%)LGN Legence Corp. 55.24 +7.96 (+16.84%)TLX Telix Pharmaceuticals Limited 7.69 +0.98 (+14.61%)SYRE Spyre Therapeutics, Inc. 43.21 +5.40 (+14.28%)FSM Fortuna Mining Corp. 12.27 +1.37 (+12.57%)Top losersFROG JFrog Ltd. 37.75 -12.54 (-24.94%)DNOW DNOW Inc. 13.23 -3.13 (-19.13%)CC The Chemours Company 17.04 -3.37 (-16.51%)AKAM Akamai Technologies, Inc. 94.17 -15.42 (-14.07%)RGC Regencell Bioscience Holdings Limited 29.17 -4.29 (-12.82%)Most activeNVDA NVIDIA Corporation 189.82 +1.92 (+1.02%)OPEN Opendoor Technologies Inc. 5.0000 +0.3500 (+7.53%)ONDS Ondas Inc. 10.03 -1.36 (-11.94%)INTC Intel Corporation 44.11 -0.51 (-1.14%)PLUG Plug Power Inc. 1.8700 -0.0400 (-2.09%)Top economic eventsEarnings eventsMy earnings eventsEarnings events