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) will release its fourth-quarter 2021 earnings after market close on Feb. 16, 2022. A conference call to discuss these results is scheduled for Feb. 17, 2022, at 9:00 a.m. ET. Interested parties can access the call via the company's website or by phone. An online replay will be available for 12 months, and a phone replay will be accessible for 7 days. Albemarle is a leader in the specialty chemicals industry, focusing on lithium, bromine, and catalysts.
Albemarle Corporation (NYSE: ALB) announced that its President of Lithium, Eric Norris, will participate in a virtual fireside chat hosted by Deutsche Bank on Dec. 9, 2021, at 8:05 a.m. ET. The presentation materials will be available on Albemarle's website at the time of the event, which is exclusively accessible to Deutsche Bank clients. A replay of the webcast will be posted approximately 30 minutes after the event concludes. Albemarle is a leader in specialty chemicals, focusing on lithium, bromine, and catalysts.
Albemarle Corporation (NYSE: ALB) reported third-quarter 2021 net sales of $830.6 million, a growth of 11% year-over-year. However, the company faced a net loss of $392.8 million or ($3.36) per diluted share, primarily due to a $657.4 million arbitration charge. Adjusted EBITDA rose to $217.6 million, a slight 1% increase. The company announced plans to acquire Guangxi Tianyuan New Energy Materials, enhancing lithium conversion capacity. Full-year guidance was raised, anticipating net sales of $3.3 - $3.4 billion.
On October 29, 2021, Albemarle Corporation (NYSE: ALB) addressed an arbitration decision related to a dispute between Huntsman Corporation and Rockwood Holdings. This dispute originates from a transaction that occurred in 2013 and closed in 2014, before Albemarle owned Rockwood. The company has expressed disbelief over the arbitration panel's ruling, asserting it lacks evidence and contradicts New York law. Albemarle is currently evaluating its legal options, including potentially vacating the award.
Albemarle Corporation (NYSE: ALB) will participate in a virtual fireside chat hosted by Oppenheimer & Co. Inc. on Nov. 8, 2021, at 11:00 a.m. ET. The chat will feature Eric Norris, President of Lithium, and Glen Merfeld, Chief Technology Officer of Lithium. Presentation materials will be available during the event on Albemarle's website. The live event is exclusive to Oppenheimer clients, with a replay accessible approximately 30 minutes post-event.
Albemarle Corporation (NYSE: ALB) has declared a quarterly dividend of $0.39 per share, with an annualized rate of $1.56. This dividend is scheduled for payment on January 3, 2022, to shareholders on record as of December 17, 2021. Albemarle specializes in chemicals, focusing on lithium, bromine, and catalysts, aiming for sustainable growth across key industries like energy and transportation.
On October 22, 2021, Albemarle Corporation (NYSE: ALB) announced strategic investments in China to enhance its lithium conversion capacity. The company has signed agreements with the Yangtze River International Chemical Industrial Park and the Pengshan Economic Development Park, aiming to construct lithium hydroxide conversion plants with a targeted capacity of 50,000 metric tons annually at each site. Construction is expected to commence in 2022 and conclude by the end of 2024, supporting Albemarle's commitment to customer growth and sustainability.
Albemarle Corporation (NYSE: ALB) has released its inaugural Community Impact Report through the Albemarle Foundation, highlighting its philanthropic initiatives in 2020. The Foundation, established in 2007, aims to make a sustainable difference in local communities, distributing over $5.6 million in grants in 2020 and more than $46 million since its inception. The report showcases the commitment of employees and partners to the Foundation's mission, supporting education, health, and cultural initiatives.
Albemarle Corporation (NYSE: ALB) announced the acquisition of Guangxi Tianyuan New Energy Materials Co., Ltd. for approximately $200 million. This acquisition is part of Albemarle's strategy to enhance lithium production capabilities, responding to the growing demand in the clean energy sector. Tianyuan operates a newly constructed lithium processing plant in Guangxi, China, aimed to commence commercial production in early 2022 with a capacity of 25,000 metric tons LCE. The acquisition aligns with Albemarle's goal to improve conversion capacity in a capital-efficient manner.
