Welcome to our dedicated page for Albemarle news (Ticker: ALB), a resource for investors and traders seeking the latest updates and insights on Albemarle stock.
Albemarle Corporation (NYSE: ALB) serves as a global leader in specialty chemicals and lithium production, driving innovation in energy storage and advanced manufacturing. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and strategic initiatives shaping the future of critical resource management.
Access authoritative reporting on ALB's integrated operations, bromine applications, and catalyst technologies. Our curated collection features official press releases, operational milestones, and market analyses—essential resources for understanding the company's role in electric vehicle supply chains and sustainable chemical solutions.
Key content categories include quarterly earnings disclosures, lithium production updates, strategic partnerships, and technological advancements. All materials maintain factual accuracy while avoiding speculative commentary, ensuring reliable information for financial decision-making.
Bookmark this page for continuous access to Albemarle's evolving business narrative. Check regularly for updates on regulatory developments, capacity expansions, and innovations in battery-grade lithium production that impact global energy transition efforts.
Albemarle Corporation (NYSE: ALB) has inaugurated its Battery Materials Innovation Center (BMIC) in Kings Mountain, North Carolina, expected to be operational by July 2021. The BMIC aims to enhance the company's lithium hydroxide, lithium carbonate, and energy storage materials. This facility features advanced capabilities for material synthesis, characterization, and integration into battery cells to boost performance. Albemarle remains the sole U.S. producer of lithium metal anodes, enhancing lithium-ion battery energy density and cost-effectiveness in the electric vehicle market.
Surge Battery Minerals has finalized plans to acquire 38 mineral claims in Northern Nevada for USD$12,000 cash and 250,000 shares. This Northern Nevada Lithium Project aims to explore lithium clay deposits and is strategically located near proven lithium resources. The company noted initial promising lithium readings from sediment samples, with results reaching up to 1,980 ppm lithium. Surge plans further geological mapping and soil surveys to identify drilling targets. The acquisition aligns with broader industry momentum, notably from Albemarle's efforts to enhance domestic lithium production.
Albemarle Corporation (NYSE: ALB) will announce its second-quarter 2021 earnings on Wednesday, Aug. 4, 2021, following the NYSE market close. A conference call to discuss these results is scheduled for Thursday, Aug. 5, 2021, at 9:00 a.m. ET. Investors can access the call via webcast on Albemarle's investor relations website. The company specializes in specialty chemicals, focusing on lithium, bromine, and refining catalysts, and aims to provide sustainable solutions across key industries.
Albemarle Corporation (NYSE: ALB) has finalized the $570 million sale of its Fine Chemistry Services business to W. R. Grace & Co.. The transaction includes $300 million in cash and $270 million in preferred equity from a W. R. Grace subsidiary. This divestiture encompasses operations in Tyrone, Pennsylvania and South Haven, Michigan. CEO Kent Masters stated that the sale unlocks significant value, enhancing resources for long-term growth strategies.
Albemarle Corporation (NYSE: ALB) announced participation in a virtual fireside chat at the Goldman Sachs Industrials and Materials Conference on May 12, 2021, at 11:20 a.m. ET. The event will feature CEO Kent Masters and CFO Scott Tozier.
The presentation materials and webcast will be accessible via Albemarle's website, providing insights into their operations in specialty chemicals, including lithium, bromine, and refining catalysts.
Albemarle Corporation (NYSE: ALB) reported Q1 2021 net income of $95.7 million ($0.84/share), down 10.8% year-over-year, but adjusted diluted EPS rose 10% to $1.10. Net sales increased 12% to $829.3 million, driven by strong performance in Lithium and Bromine segments. Adjusted EBITDA grew 17% to $230.1 million. The company announced a definitive agreement to sell its Fine Chemistry Services business for approximately $570 million and completed a $1.5 billion equity offering to enhance financial flexibility. Full-year guidance remains unchanged, with net sales projected between $3.2 billion and $3.3 billion.
CHARLOTTE, N.C., May 4, 2021 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB) declared a quarterly dividend of $0.39 per share, with an annualized rate of $1.56. This dividend is payable on July 1, 2021, to shareholders of record by June 11, 2021. Albemarle, a leader in specialty chemicals, focuses on lithium, bromine, and refining catalysts, emphasizing sustainability and performance in critical industries such as energy and transportation.
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