Headquartered in Charlotte, NC Fiscal year ends December NYSE: ALB albemarle.com
Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company that transforms essential resources into critical ingredients for mobility, energy, connectivity, and health. The company operates through two primary segments: Energy Storage, which produces lithium and lithium compounds used in batteries for electric vehicles and energy storage systems, and Specialties, which produces bromine and bromine-based derivatives used in flame retardants, pharmaceuticals, semiconductors, oil and gas, and other applications. Albemarle sources lithium from operations in Chile (through a CORFO agreement), Australia (through the Talison and Wodgina joint ventures), and other global locations. The company recently divested a controlling stake in its Ketjen refining catalyst solutions business and retains a Performance Catalyst Solutions business. Albemarle's contract book includes approximately 40% of salts volume on long-term agreements, with the remainder exposed to market pricing. Updated
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Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company that transforms essential resources into critical ingredients for mobility, energy, connectivity, and health.
24/7 Wall St.'s 12-month price target for ALB is $111.60, rated Buy. The Wall Street consensus target is $168.56. ALB price prediction →
