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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 Receives $90 Million Critical Materials Award from the Department of Defense to Boost U.S. Lithium Production
Rhea-AI Summary
Albemarle receives $90 million grant to support reopening of lithium mine in Kings Mountain, North Carolina and increase domestic processing of critical materials for battery supply chain.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.06%
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none
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News
Demand Still Growing for Lithium Mining Market That's Projected To Reach $516 Million In 2028
Rhea-AI Summary
The global lithium mining market is projected to grow to USD 516.22 million in 2028 at a CAGR of 6% in the 2021-2028 period, driven by the high demand for power due to urbanization and industrialization. Indigo Exploration Inc. engages Sproule for a maiden lithium brine resource estimation for its Fox Creek West project. Lithium Americas Corp. receives shareholder approval for separation into Lithium Argentina and Lithium Americas (NewCo). E3 Lithium Ltd. begins operations of its Direct Lithium Extraction (DLE) pilot plant. Albemarle Corporation intends to acquire Liontown Resources Limited. Livent Corporation reports Q2 2023 revenue of $235.8 million and expects similar financial performance in the second half of the year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.46%
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none
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News
Albemarle confirms non-binding agreement to acquire Liontown
Rhea-AI Summary
Albemarle Corporation intends to acquire Liontown Resources Limited in a binding agreement for A$3.001 cash per share, valuing Liontown at A$6.6 billion or US$4.32 billion on an equity value basis. The proposed acquisition is expected to enhance Albemarle's Energy Storage business, expand its position in Australia, and increase its ability to meet growing lithium demand. The Revised Proposal was unanimously approved by Albemarle's Board of Directors. However, the transaction is non-binding and there is no certainty that it will proceed.
Rhea-AI Impact
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End-of-Day
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acquisition
News
Albemarle Corporation to Participate in September 2023 Investor Conferences
Rhea-AI Summary
Albemarle Corporation executives to participate in UBS Chemicals Conference and Jefferies Industrials Conference.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.78%
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conferences
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News
CORRECTING and REPLACING Fluor Eyes CCS, Critical Mineral Markets as Backlog Grows, an Industrial Info News Alert
Rhea-AI Summary
FLR: Fluor Corporation Eyes CCS and Critical Mineral Markets for Growth as Backlog Grows. The company is involved in a $25.5 billion worth of active and proposed projects in the U.S. alone, including carbon capture and storage (CCS) and critical minerals projects. Fluor's CEO credited last year's Inflation Reduction Act (IRA) with much of the growth in CCS projects. The company is also involved in copper and lithium development projects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.67%
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Albemarle Reports Net Sales Increase of 60% for Second Quarter 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.74%
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earnings
News
ALBEMARLE AMENDS MARBL LITHIUM JOINT VENTURE
Rhea-AI Summary
Albemarle Corporation has amended its agreement with Mineral Resources Limited to simplify commercial arrangements. Albemarle will take 100% ownership of the Kemerton lithium hydroxide processing facility in Australia and retain ownership of its Qinzhou and Meishan lithium processing facilities in China. The agreement allows for greater strategic opportunities based on global operations and the evolving lithium market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.05%
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none
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News
Albemarle Corporation Announces Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.9%
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dividends
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Albemarle Corporation to Release Second-Quarter 2023 Earnings Results on Wednesday, August 2, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.82%
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earnings
News
ALBEMARLE CORPORATION CEO KENT MASTERS NAMED TO BARRON'S TOP CEOS OF 2023
Rhea-AI Summary
Albemarle's CEO, Kent Masters, has been named to Barron's Top CEOs of 2023, highlighting the company's strong leadership and commitment to partnering with customers. Albemarle is focused on driving sustainable growth and delivering superior results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.82%
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Stock ALB logo
Albemarle Corp.

NYSE:ALB

ALB Rankings

#666 Ranked by Market Cap
#4717 Ranked by Stock Gains
#1647 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,