A

Albemarle Corp
D

ALB

88.730
USD
-0.19
(-0.21%)
Market Closed
Volume
81,717
EPS
-2
Div Yield
1.82
P/E
-5
Market Cap
10,429,354,279
OverviewSignalsIdeasNews
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Title: Albemarle Corp

Sector: Basic Materials
Industry: Specialty Chemicals
Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the US and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the US, Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.