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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 Corporation to Release Fourth-Quarter 2023 Earnings Results on Wednesday, February 14, 2024
Rhea-AI Summary
Albemarle Corporation (NYSE: ALB) to release fourth-quarter 2023 earnings on February 14, 2024, with a conference call scheduled for February 15, 2024, to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.02%
Tags
earnings
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News
ALBEMARLE ANNOUNCES NEW SENIOR VICE PRESIDENT, CHIEF EXTERNAL AFFAIRS AND COMMUNICATIONS OFFICER
Rhea-AI Summary
Albemarle Corporation (NYSE: ALB) promotes Cynthia Lima to senior vice president, chief external affairs and communications officer. Cynthia brings extensive government affairs and communications experience, spanning both public and private sectors. She will report to Albemarle CEO Kent Masters and play a critical role in engaging with key stakeholders and communities as the company continues to grow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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News
Albemarle Reports Net Sales Increase of 10% for Third Quarter 2023
Rhea-AI Summary
Albemarle Corporation reports Q3 2023 results with net sales of $2.3 billion, a 10% increase YoY. Net income was $302.5 million, or $2.57 per diluted share. The company signed agreements with Caterpillar Inc. and received a $90 million critical materials award from the U.S. Department of Defense. They expect 2023 net sales to increase approximately 30-35% YoY and adjusted EBITDA to be flat to slightly down YoY.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.35%
Tags
earnings
News
ALBEMARLE ANNOUNCES NEW CHIEF FINANCIAL OFFICER
Rhea-AI Summary
Albemarle Corporation announces Neal Sheorey as its new executive vice president and CFO, effective Nov. 6, 2023. Scott Tozier will transition to a strategic advisor role. Sheorey brings over 20 years of experience from Dow, where he held various finance and leadership roles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
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none
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News
Albemarle Corporation Announces Dividend
Rhea-AI Summary
Albemarle Corporation's Board of Directors declares a quarterly dividend of $0.40 per share with an annualized rate of $1.60. The dividend will be payable on January 2, 2024, to shareholders of record as of December 15, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.17%
Tags
dividends
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News
ALBEMARLE CLOSES AMENDED MARBL LITHIUM JOINT VENTURE ARRANGEMENT
Rhea-AI Summary
Albemarle Corporation announces the closure of its MARBL joint venture with Mineral Resources Limited and the restructuring of ownership of key facilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
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none
News
ALBEMARLE WITHDRAWS NON-BINDING OFFER TO ACQUIRE LIONTOWN RESOURCES
Rhea-AI Summary
Albemarle Corporation withdraws offer to purchase Liontown Resources Limited
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.66%
Tags
acquisition
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News
Albemarle Corporation to Release Third-Quarter 2023 Earnings Results on Wednesday, November 1, 2023
Rhea-AI Summary
Albemarle Corporation to release Q3 2023 earnings on November 1, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.1%
Tags
earnings
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News
ALBEMARLE AND CATERPILLAR COLLABORATE TO PIONEER SUSTAINABLE MINING TECHNOLOGIES AND OPERATIONS
Rhea-AI Summary
Albemarle Corporation and Caterpillar Inc. have signed agreements to collaborate on solutions for the battery value chain and sustainable mining operations. Albemarle aims to establish the first zero-emissions lithium mine site in North America. The collaboration includes the use of battery-powered mining equipment and the availability of Albemarle's lithium for Caterpillar battery production. They will also explore research and development of battery cell technology and recycling techniques.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.44%
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none
News
How Growing Adoption of Electric Vehicles and Energy Storage Systems are Boosting Growth in Lithium Industry
Rhea-AI Summary
Rapid advancements in rechargeable batteries are driving the growth of the lithium-ion battery market. The market size is projected to grow from $22.2 billion in 2023 to $89.9 billion in 2030 at a CAGR of 22.1%. Indigo Exploration is expanding its lithium brine exploration program in Alberta, Canada. Tesla produced nearly 480,000 vehicles and delivered over 466,000 vehicles in Q2 2023. Albemarle receives a $90 million grant for domestic mining and lithium production. American Battery Technology Company will be listed on the Nasdaq Capital Market. Patriot Battery Metals provides an update on its drill program in Quebec.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.74%
Tags
none
Stock ALB logo
Albemarle Corp.

NYSE:ALB

ALB Rankings

#668 Ranked by Market Cap
#4717 Ranked by Stock Gains
#1646 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,