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) is described as a global leader in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. News about Albemarle often highlights its activities in lithium and bromine, portfolio developments, organizational changes and financial performance, giving investors and observers insight into how the company manages its role in critical minerals and specialty chemicals.
On this page, readers can follow Albemarle’s earnings announcements, including quarterly results where the company discusses net sales, segment performance in areas such as Energy Storage, Specialties and Ketjen, cost and productivity initiatives, and outlook considerations based on observed lithium market price scenarios. Earnings-related news typically includes details on conference calls and webcasts that accompany these disclosures.
Company news also covers strategic portfolio actions, such as Albemarle’s agreement to sell a controlling stake in Ketjen’s refining catalyst solutions business to an affiliate of KPS Capital Partners and the planned sale of its 50% stake in the Eurecat joint venture to Axens SA. These items shed light on how Albemarle is focusing on its core businesses, improving financial flexibility and streamlining operations while retaining certain interests in catalyst-related activities.
Additional updates may describe organizational structure changes, leadership transitions, dividend declarations and Albemarle’s participation in critical mineral supply chains, including offtake and prepayment arrangements connected to lithium and cesium. By reviewing the news feed, users can track how Albemarle communicates its strategy, manages its portfolio and responds to market conditions over time.
Albemarle Corporation (NYSE: ALB) reported Q2 2021 net income of $424.6 million, or $3.62 per diluted share, including a gain from the sale of its Fine Chemistry Services business. Adjusted diluted EPS rose 4% to $0.89, with net sales increasing 1% to $773.9 million, or 5% when excluding Fine Chemistry Services. The company revised its full-year 2021 outlook, anticipating improved lithium performance but facing higher bromine raw material costs. Albemarle completed the sale of Fine Chemistry Services for approximately $570 million on June 1, 2021, and is progressing with lithium projects to meet rising demand.
On July 20, 2021, Albemarle Corporation (NYSE: ALB) declared a quarterly dividend of $0.39 per share, amounting to an annualized rate of $1.56. The dividend is payable on October 1, 2021, to shareholders of record as of September 17, 2021. This reflects the company's commitment to return value to shareholders while maintaining sustainable growth in the specialty chemicals sector, which includes lithium, bromine, and catalysts.
Albemarle Corporation (NYSE: ALB) announced a virtual Investor Day scheduled for September 10, 2021, from 8:30 a.m. to 12:30 p.m. EDT. CEO Kent Masters and CFO Scott Tozier will present alongside other executives, discussing strategies and goals for the company and its business units. Registration for the event is available here. A live audio webcast will be accessible on the Albemarle website.
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.
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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.
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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.
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