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Albemarle Corp. - ALB STOCK NEWS

Welcome to our dedicated news page for Albemarle (Ticker: ALB), a resource for investors and traders seeking the latest updates and insights on Albemarle.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Albemarle's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Albemarle's position in the market.

News
ALBEMARLE DONATES $1 MILLION TO CLEVELAND COMMUNITY COLLEGE TO FURTHER SUPPORT WORKFORCE DEVELOPMENT PROGRAMS
Rhea-AI Summary
Albemarle (NYSE: ALB) donates $1 million to Cleveland Community College to support workforce development programs, including training, apprenticeships, and equipment purchases. The donation aims to strengthen the region's workforce for growing industries like the redevelopment of the Kings Mountain Mine. Albemarle employees and students will benefit from state-of-the-art training programs and equipment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
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none
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News
Albemarle Corporation to Release First-Quarter 2024 Earnings Results on Wednesday, May 1, 2024
Rhea-AI Summary
Albemarle (ALB) will release its first-quarter 2024 earnings on May 1, 2024, followed by a conference call on May 2. Access to the call is available via webcast or direct dial. The company is a global leader in essential elements for mobility, energy, connectivity, and health.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.92%
Tags
earnings
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News
ALBEMARLE ANNOUNCES UPSIZE AND PRICING OF PUBLIC OFFERING OF DEPOSITARY SHARES
Rhea-AI Summary
Albemarle Corporation (ALB) increases its previously announced offering to $2.0 billion, pricing 40,000,000 depositary shares at $50 per share. The underwriters have a 30-day option to purchase up to an additional 6,000,000 Depositary Shares, reflecting an upsizing of the offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.31%
Tags
offering
News
ALBEMARLE ANNOUNCES PROPOSED PUBLIC OFFERING OF DEPOSITARY SHARES
Rhea-AI Summary
Albemarle Corporation (ALB) has announced a $1.75 billion offering of depositary shares representing a 1/20th interest in a share of Series A Mandatory Convertible Preferred Stock. The company intends to use the proceeds for general corporate purposes, including funding growth capital expenditures and repaying outstanding commercial paper.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.87%
Tags
offering
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News
Albemarle Announces Quarterly Dividend
Rhea-AI Summary
Albemarle Corporation (ALB) declares a quarterly dividend of $0.40 per share, with an annualized rate of $1.60, payable on April 1, 2024, to shareholders of record as of March 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.09%
Tags
dividends
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News
Albemarle Corporation to Present at the BMO 33rd Global Metals, Mining & Critical Minerals Conference
Rhea-AI Summary
Albemarle Corporation (ALB) Chairman and CEO to present at BMO Capital Markets 2024 Investor Conference on Feb. 26, 2024. Webcast replay available on Albemarle's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.34%
Tags
conferences
News
Albemarle Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Albemarle Corporation (ALB) reports a 31% increase in full-year net sales, driven by 21% volume growth. The company achieved record net sales of $9.6 billion in 2023, with net income of $1.6 billion. Adjusted EBITDA stood at $2.8 billion, and adjusted diluted EPS was $15.22 per share. The fourth quarter saw net sales of $2.4 billion, with a net loss of $618 million. Albemarle announced measures to unlock over $750 million in cash flow and achieved mechanical completion at the Meishan lithium conversion plant.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.72%
Tags
earnings
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News
The Oregon Group Predicts Lithium Demand set for 20 years of Rapid Growth
Rhea-AI Summary
A new report forecasts twenty years of rapid growth in the supply of lithium, driven by the dominant demand segment of electric batteries and vehicles. This growth is attributed to a significant price correction in 2023, geopolitical tensions, environmental concerns, and government permitting issues. Established lithium producers like Albemarle (NYSE:ALB) and Pilbara Minerals (ASX: PLS) stand to benefit, along with ETFs linked to the price of lithium. The report also highlights exciting investment entry points, particularly in Africa, and predicts that lithium will continue to be the dominant technology for electric batteries despite new research on next-generation technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.17%
Tags
none
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News
/C O R R E C T I O N from Source -- The Oregon Group/
Rhea-AI Summary
The Oregon Group predicts 20 years of rapid growth in lithium demand, driven by electric vehicles. The report highlights significant price corrections in 2023, stalling new lithium projects and limiting supply expansion. Established lithium producers like Albemarle (NYSE: ALB) and Pilbara Minerals (ASX: PLS) will benefit from the higher priced market, along with ETFs linked to the price of lithium. Developing plays in Zimbabwe with Premier African Minerals (AIM: PREM) and Li3 Lithium Corp (TSX.V: LiLi) are also well positioned. Lithium has already become the new gasoline for 15.5% of new cars sold globally in H1 2023, according to BloombergNEF, and will continue to dominate the market despite new battery technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.17%
Tags
none
News
Albemarle Outlines Actions to Preserve Growth, Reduce Costs and Optimize Cash Flow
Rhea-AI Summary
Albemarle Corporation (ALB) is re-phasing its growth investments and optimizing its cost structure to generate long-term financial flexibility, unlocking over $750 million of cash flow over the near term. The company expects its 2024 capital expenditures to be in the range of $1.6 billion to $1.8 billion, down from approximately $2.1 billion in 2023. These measures include commissioning the Meishan lithium conversion facility, completing commissioning activities for Trains 1 and 2 at the Kemerton lithium conversion facility, prioritizing permitting activities at the Kings Mountain spodumene resource, deferring investment for the Albemarle Technology Park, and limiting sustaining capital spending to critical projects. Additionally, the company is pursuing actions to optimize its cost structure, reducing costs by approximately $95 million annually, primarily related to sales, general, and administrative expenses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.17%
Tags
none
Stock ALB logo
Albemarle Corp.

NYSE:ALB

ALB Rankings

#662 Ranked by Market Cap
#4717 Ranked by Stock Gains
#1657 Ranked by Dividends

ALB Stock Data

13.41B
116.86M
0.32%
95.89%
12.44%
Plastics Material and Resin Manufacturing
Manufacturing
Link
US
Charlotte

About ALB

albemarle corporation, headquartered in baton rouge, louisiana, is a premier specialty chemicals company with leading positions in attractive end markets around the world. with a broad customer reach and diverse end markets, albemarle develops, manufactures and markets technologically advanced and high value added products, including lithium and lithium compounds, bromine and derivatives, catalysts and surface treatment chemistries used in a wide range of applications including consumer electronics, flame retardants, metal processing, plastics, contemporary and alternative transportation vehicles, refining, pharmaceuticals, agriculture, construction and custom chemistry services. albemarle is focused on delivering differentiated, performance-based technologies that deliver innovative and sustainable solutions to its customers. the company employs approximately 6,900 people and serves customers in approximately 100 countries. albemarle regularly posts information to www.albemarle.com,