Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine Specialties, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties; and reagents, such as butyllithium and lithium aluminum hydride for use in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers for car tires, rubber soles, plastic bottles, catalysts for chemical reactions, organic synthesis processes in the areas of steroid chemistry and vitamins, life sciences, pharmaceutical industry, and other markets. It also provides cesium products for the chemical and pharmaceutical industries; zirconium, barium, and titanium products for pyrotechnical applications; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services. The Bromine Specialties segment offers bromine and bromine-based fire safety solutions; specialty chemicals, including elemental bromine, alkyl and inorganic bromides, brominated powdered activated carbon, and other bromine fine chemicals for use in chemical synthesis, oil and gas well drilling and completion fluids, mercury control, water purification, beef and poultry processing, and other industrial applications; and other specialty chemicals, such as tertiary amines, biocides, disinfectants, and sanitizers. The Catalysts segment provides hydroprocessing, isomerization, and akylation catalysts; fluidized catalytic cracking catalysts and additives; and organometallics and curatives. The company serves the energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, crop protection, and custom chemistry services markets. Albemarle Corporation was founded in 1887 and is headquartered in Charlotte, North Carolina.
IPO Year:
Exchange: NYSE
Website: albemarle.com
Date | Price Target | Rating | Analyst |
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5/22/2024 | $150.00 → $135.00 | Sector Outperform → Sector Perform | Scotiabank |
4/11/2024 | $130.00 → $160.00 | Hold → Buy | Berenberg |
4/10/2024 | $137.00 → $156.00 | Neutral → Buy | BofA Securities |
3/8/2024 | $145.00 | Buy → Hold | Vertical Research |
3/1/2024 | Peer Perform | Wolfe Research | |
2/9/2024 | $175.00 → $120.00 | Buy → Neutral | Citigroup |
1/29/2024 | $220.00 → $130.00 | Outperform → Market Perform | TD Cowen |
1/11/2024 | $155.00 → $135.00 | Buy → Hold | Deutsche Bank |
12/12/2023 | $154.00 → $149.00 | Underperform → Neutral | BofA Securities |
12/5/2023 | $140.00 → $128.00 | Neutral → Underweight | Piper Sandler |
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Albemarle (NYSE:ALB) has outperformed the market over the past 20 years by 1.59% on an annualized basis producing an average annual return of 9.84%. Currently, Albemarle has a market capitalization of $11.79 billion. Buying $1000 In ALB: If an investor had bought $1000 of ALB stock 20 years ago, it would be worth $6,415.87 today based on a price of $100.28 for ALB at the time of writing. Albemarle's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and rev
Albemarle Corporation (NYSE:ALB) shares are trading higher on Wednesday. The company reportedly intends to conduct additional auctions for lithium, the metal used in electric vehicle batteries. This move aims to enhance price transparency and foster a clearer understanding of the typically opaque market, reported Reuters. The company also expects to strengthen supply contracts with automakers eager for a stable and consistent supply. As per the report, despite lithium’s surge in popularity over the past decade, confusing futures pricing from market leader China has obscured a clear global reference point for its price. The issue became particularly pronounced when Chinese prices
https://www.reuters.com/markets/commodities/albemarle-concerned-about-lithium-prices-sees-strong-long-term-demand-2024-06-25/Albemarle (ALB.N), opens new tab, the world's largest lithium producer, plans to hold more auctions for the metal used in electric vehicle batteries to boost price transparency and promote a better understanding of the opaque market, an executive said on Tuesday.The move is one of the most aggressive by an industry leader to clear up the widespread confusion about how lithium is priced. It would also help better underpin supply contracts with automakers hungry for fresh and consistent supply."What we're trying to do is build trust," Eric Norris, head of Albemarle's ene
Deep-pocketed investors have adopted a bearish approach towards Albemarle (NYSE:ALB), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ALB usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Albemarle. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 33% leaning bullish and 66% bearish. Among these notable options, 10 are
- Reuters
Scotiabank downgraded Albemarle from Sector Outperform to Sector Perform and set a new price target of $135.00 from $150.00 previously
Berenberg upgraded Albemarle from Hold to Buy and set a new price target of $160.00 from $130.00 previously
BofA Securities upgraded Albemarle from Neutral to Buy and set a new price target of $156.00 from $137.00 previously
Vertical Research downgraded Albemarle from Buy to Hold and set a new price target of $145.00
Wolfe Research initiated coverage of Albemarle with a rating of Peer Perform
Citigroup downgraded Albemarle from Buy to Neutral and set a new price target of $120.00 from $175.00 previously
TD Cowen downgraded Albemarle from Outperform to Market Perform and set a new price target of $130.00 from $220.00 previously
Deutsche Bank downgraded Albemarle from Buy to Hold and set a new price target of $135.00 from $155.00 previously
BofA Securities upgraded Albemarle from Underperform to Neutral and set a new price target of $149.00 from $154.00 previously
Piper Sandler downgraded Albemarle from Neutral to Underweight and set a new price target of $128.00 from $140.00 previously
Ketjen Corporation, a leader in catalyst and specialty chemicals manufacturing, today announces the appointment of Henri Tausch to Chief Commercial Officer (CCO) effective June 24, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240619765799/en/Henri Tausch, Ketjen Chief Commercial Officer (Photo: Business Wire) In his role as Chief Commercial Officer, Tausch will oversee and advance the company's commercial strategy, and foster key partnerships to accelerate the company's global growth trajectory. "I am honored to join Ketjen and contribute to its continued success," said Henri Tausch "It's inspiring to see Ketjen's dedi
Jamie A. Beggs and Scott A. Tozier to Join as Newest Board Members Ilene S. Gordon to Retire from the Board MEMPHIS, Tenn., May 22, 2024 /PRNewswire/ -- International Paper ("IP") (NYSE:IP) announced that Jamie A. Beggs and Scott A. Tozier have been elected to IP's Board of Directors, effective May 21, 2024. The company also announced that Ilene S. Gordon has retired from the Board citing personal and health reasons, effective May 21, 2024. Ms. Beggs, age 47, currently serves as Senior Vice President and Chief Financial Officer of Avient Corporation (NYSE:AVNT), a premier pr
CHARLOTTE, N.C., Aug. 2, 2023 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its results for the second quarter ended June 30, 2023. Second-Quarter 2023 and Recent Highlights(Unless otherwise stated, all percentage changes represent year-over-year comparisons) Net sales of $2.4 billion, an increase of 60%Net income of $650.0 million, or $5.52 per diluted share, an increase of 60%Adjusted diluted EPS of $7.33, an increase of 112%Adjusted EBITDA of $1.0 billion, an i
CHARLOTTE, N.C. and HOUSTON, June 7, 2023 /PRNewswire/ -- Albemarle Corporation, a global leader in providing essential elements for mobility, energy, connectivity, and health, announced the appointment of Michael J. Simmons to president of its wholly owned subsidiary, Ketjen Corporation, effective today. Simmons succeeds Raphael Crawford who will remain with the company through a transition period. "Raphael has been instrumental in the formation of Ketjen as a wholly owned subsidiary and we are grateful for his leadership role in this important transition for our people and
CHARLOTTE, N.C., Oct. 31, 2022 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a leader in the global specialty chemicals industry, announced today that Karen G. Narwold, executive vice president, chief administrative officer, general counsel, and corporate secretary, will retire from Albemarle effective April 4, 2023. Kristin M. Coleman will join the company as executive vice president, general counsel, and corporate secretary on Nov. 28, 2023. Coleman will report to J. Kent Masters, chairman and CEO. Narwold's retirement follows nearly 13 years as Albemarle's general couns
CHARLOTTE, N.C., Feb. 24, 2022 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that its Board of Directors (the "Board") has appointed Ralf H. Cramer to the Board, effective February 21, 2022. Cramer will serve as a member of the Board's Audit & Finance Committee and Health, Safety & Environment Committee. "Ralf brings a wide range of experience from the automotive industry, manufacturing operations, and emerging markets to our Board of Directors," said Albemarle Chairman and CEO Kent Masters. "We welcome
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CHARLOTTE, N.C., July 1, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its second-quarter 2024 earnings after the NYSE closes on Wednesday, July 31, 2024. The company will hold a conference call to discuss its second-quarter 2024 results on Thursday, August 1, at 8:00 a.m. ET. Access to the call is available via webcast or direct dial. A link to the webcast can be found through Albemarle Corporation's website at http://investors.albemarle
CHARLOTTE, N.C., June 27, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, announces the release of its fourth annual Sustainability Day. The video features Albemarle executives discussing key highlights from the company's 2023 Sustainability Report, All the Elements for a Better World. "Sustainability is embedded in our purpose, strategy and value proposition," said Albemarle Chairman and CEO Kent Masters. "This year's Sustainability Day showcases the progress we've made and our ongoing commitment to build a more resilient world in collaboration with our global
Ketjen Corporation, a leader in catalyst and specialty chemicals manufacturing, today announces the appointment of Henri Tausch to Chief Commercial Officer (CCO) effective June 24, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240619765799/en/Henri Tausch, Ketjen Chief Commercial Officer (Photo: Business Wire) In his role as Chief Commercial Officer, Tausch will oversee and advance the company's commercial strategy, and foster key partnerships to accelerate the company's global growth trajectory. "I am honored to join Ketjen and contribute to its continued success," said Henri Tausch "It's inspiring to see Ketjen's dedi
CHARLOTTE, N.C., June 12, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, today published its 2023 Sustainability Report, All the Elements for a Better World, detailing updates on sustainability strategy execution and the important progress made toward achieving the company's sustainability goals. "As a purpose-driven and values-led organization, sustainability is core to who we are and how we choose to operate," said Albemarle Chairman and CEO Kent Masters. "This report refl
Plan includes responsible land and material use, environmental protection measures and ongoing community engagement CHARLOTTE, N.C., June 11, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, has introduced its project plan for the Kings Mountain Mine, one of the few known hard-rock lithium deposits in the U.S. The plan includes the proposed site footprint, primary physical features and details of the mining processes. Pending permitting approval and a final investment decision, the mine is anticipated to produce approximately 420,000 tons of lithium-bearing spodumene concentrate yearly, prov
Jamie A. Beggs and Scott A. Tozier to Join as Newest Board Members Ilene S. Gordon to Retire from the Board MEMPHIS, Tenn., May 22, 2024 /PRNewswire/ -- International Paper ("IP") (NYSE:IP) announced that Jamie A. Beggs and Scott A. Tozier have been elected to IP's Board of Directors, effective May 21, 2024. The company also announced that Ilene S. Gordon has retired from the Board citing personal and health reasons, effective May 21, 2024. Ms. Beggs, age 47, currently serves as Senior Vice President and Chief Financial Officer of Avient Corporation (NYSE:AVNT), a premier pr
Part of proceeds from agreement to support investment in local communities CHARLOTTE, N.C., May 8, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, announced an innovative agreement with Martin Marietta Materials, Inc. (NYSE:MLM) a leading supplier of building materials — including aggregate, cement, ready mixed concrete and asphalt — to make beneficial use of extracted limestone material from Albemarle's proposed Kings Mountain Mine project. This agreement is part of Albemarle's plan to resume lithium mining operations at the Kings Mountain Mine in an environmentally and socially responsi
CHARLOTTE, N.C., May 7, 2024 /PRNewswire/ -- The Board of Directors of Albemarle Corporation (NYSE:ALB) announces that it has declared a quarterly dividend of $0.40 per share. The dividend, which has an annualized rate of $1.60, is payable July 1, 2024, to shareholders of record at the close of business as of June 14, 2024. About Albemarle Albemarle Corporation (NYSE:ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity, and health. We partner to pioneer new ways to move, power, connect and protect with people an
CHARLOTTE, N.C., May 1, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its results for the first quarter ended March 31, 2024. First-Quarter 2024 and Recent Highlights(Unless otherwise stated, all percentage changes represent year-over-year comparisons) Net sales of $1.4 billion, driven by Energy Storage volume growth as projects rampNet income of $2 million, or ($0.08)(a) per diluted share attributable to common shareholdersAdjusted diluted EPS attributable t
USA News Group Commentary VANCOUVER, BC, April 26, 2024 /PRNewswire/ -- USA News Group – Already in 2023 there have been two multibillion-dollar takeover bids rejected that would've involved critical battery metals assets. The first to go down was Liontown Resources turning down a US$3.6 billion offer from Albemarle Corporation (NYSE:ALB), followed by Teck Resources Limited (NYSE:TECK) (TSX:TECK) (TSX:TECK) rejecting a US$23.2 billion merger proposal from Glencore plc (OTC:GLNCY). Meanwhile, mining giant Rio Tinto Group (NYSE:RIO) is rumored to be on the prowl for more lithium assets after already buying a lithium mine for $825 million in Argentina, in the same province (Salta) as Lithium So
CHARLOTTE, N.C., July 1, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its second-quarter 2024 earnings after the NYSE closes on Wednesday, July 31, 2024. The company will hold a conference call to discuss its second-quarter 2024 results on Thursday, August 1, at 8:00 a.m. ET. Access to the call is available via webcast or direct dial. A link to the webcast can be found through Albemarle Corporation's website at http://investors.albemarle
CHARLOTTE, N.C., May 7, 2024 /PRNewswire/ -- The Board of Directors of Albemarle Corporation (NYSE:ALB) announces that it has declared a quarterly dividend of $0.40 per share. The dividend, which has an annualized rate of $1.60, is payable July 1, 2024, to shareholders of record at the close of business as of June 14, 2024. About Albemarle Albemarle Corporation (NYSE:ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity, and health. We partner to pioneer new ways to move, power, connect and protect with people an
CHARLOTTE, N.C., April 5, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its first-quarter 2024 earnings after the NYSE closes on Wednesday, May 1, 2024. The company will hold a conference call to discuss its first-quarter 2024 results on Thursday, May 2, at 9:00 a.m. ET. Access to the call is available via webcast or direct dial. A link to the webcast can be found through Albemarle Corporation's website at http://investors.albemarle.com.
COQUITLAM, BC / ACCESSWIRE / March 6, 2024 / Grid Battery Metals Inc. (the "Company" or "Grid Battery") (TSXV:CELL)(OTCQB:EVKRF)(FRA:NMK2) is pleased to announce that the NI 43-101 Technical Report for Grid's Clayton Valley Lithium Project, dated March 4, 2024, prepared by Mr. Steven McMillin P.G. of Rangefront Geological, has been filed on SEDAR+ (www.sedarplus.ca) and can be viewed on the Company's website at Clayton Valley Technical Report.At the Clayton Valley Lithium Project, the Company contracted the services of Rangefront to perform an updated and revised NI 43-101 Technical Report. To complete the Technical Report, the Company used the results of prior soil samples, geophysical surv
CHARLOTTE, N.C., Feb. 22, 2024 /PRNewswire/ -- The Board of Directors of Albemarle Corporation (NYSE:ALB) announces that it has declared a quarterly dividend of $0.40 per share. The dividend, which has an annualized rate of $1.60, is payable April 1, 2024, to shareholders of record at the close of business as of March 15, 2024. About Albemarle Albemarle Corporation (NYSE:ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity, and health. We partner to pioneer new ways to move, power, connect and protect with peopl
Proactive measures to re-phase growth investments and optimize cost structure to generate long-term financial flexibility and unlock >$750 million of cash flow over the near term CHARLOTTE, N.C., Jan. 17, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, today outlined a series of proactive measures underway to re-phase its organic growth investments and optimize its cost structure in response to changing end-market conditions, particularly in the lithium value chain. These actions are designed to unlock cash flow over the near term and generate long-term financial flexibility.
CHARLOTTE, N.C., Jan. 11, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its fourth-quarter 2023 earnings after the NYSE closes on Wednesday, February 14, 2024. The company will hold a conference call to discuss its fourth-quarter 2023 results on Thursday, February 15, at 9:00 a.m. ET. Access to the call is available via webcast or direct dial. A link to the webcast can be found through Albemarle Corporation's website at http://investors.a
CHARLOTTE, N.C., Oct. 15, 2023 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today it will not pursue a binding agreement to purchase Liontown Resources Limited (ASX:LTR) and has formally withdrawn its non-binding offer to Liontown's Board of Directors. The decision comes as Albemarle nears the end of its exclusive due diligence process. "Our engagement with the Liontown team has been meaningful and productive. We appreciate the level of cooperation we have received,
CHARLOTTE, N.C., Oct. 5, 2023 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its third-quarter 2023 earnings after the NYSE closes on Wednesday, November 1, 2023. The company will hold a conference call to discuss its third-quarter 2023 results on Thursday, November 2, at 9:00 a.m. ET. Access to the call is available via webcast or direct dial. A link to the webcast can be found through Albemarle Corporation's website at http://investors.albema
Liontown board intends to recommend revised proposal to its shareholders, subject to entry into a binding agreement and other terms and conditions CHARLOTTE, N.C., Sept. 3, 2023 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today confirmed that it will be working toward the execution of a binding agreement to acquire Liontown Resources Limited ("Liontown"). Albemarle notes the announcement to the ASX by Liontown today and confirms that it submitted a best and final non-binding pr
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