Albemarle Corp Stock
€107.88
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Description Albemarle
Albemarle Corporation, with ticker symbol ALB, is a listed global specialty chemicals company that is headquartered in Charlotte, North Carolina, USA. The company is involved in the development, production, and sale of specialty chemicals and advanced materials with key applications in lithium, bromine, refining catalysts, and other specialty markets.
Albemarle has four business segments: Lithium, Bromine Specialties, Catalysts, and Surface Treatment. The Lithium segment is the company's largest business and produces Lithium compounds, such as Lithium carbonate, Lithium hydroxide, and other Lithium-based materials for use in batteries, energy storage, and electric vehicles.
The Bromine Specialties segment produces bromine and its derivatives, which find applications in flame retardants, oil and gas drilling fluids, and water purification. The Catalysts segment offers refining catalysts, polymer catalysts, and catalysts used in chemical processing. The Surface Treatment segment offers a range of surface treatment solutions like metal finishing, corrosion protection, and nanotechnology.
Albemarle was founded in 1994 and has a global presence, with operations and customers in over 100 countries. As of 2021, the company has a market capitalization of over $18 billion and employs more than 6,000 people worldwide.
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Competitors of Albemarle
Albemarle is a specialty chemical company that operates in various segments including lithium, bromine, catalysts, and surface treatment. The company's main competitors include:
1. FMC Corporation (FMC) - FMC is a diversified chemical company that operates in various segments including lithium, agricultural solutions, and health and nutrition. The company's lithium segment competes directly with Albemarle's lithium segment.
2. Sociedad Quimica y Minera de Chile (SQM) - SQM is a Chilean chemical company that also operates in the lithium industry. The company is a significant player in the global market and competes directly with Albemarle's lithium segment.
3. Livent Corporation (LTHM) - Livent is a lithium-focused company that produces lithium products for various applications such as batteries, ceramics, and glass. The company competes with Albemarle's lithium segment in the production and sales of lithium products.
4. W.R. Grace Co. (GRA) - W.R. Grace Co. is a global specialty chemical company that operates in various segments such as catalysts, materials and coatings, and construction products. The company's catalysts segment competes directly with Albemarle's catalysts segment.
5. DuPont de Nemours, Inc. (DD) - DuPont is a global chemical company that operates in various segments such as electronics and imaging, nutrition and biosciences, transportation and industrial, and safety and construction. The company's transportation and industrial segment competes directly with Albemarle's surface treatment segment.
Suppliers of Albemarle
As a chemical company, Albemarle has various suppliers that provide raw materials, chemicals, and other critical components needed for its production processes. The company's most crucial suppliers include:
1. Lithium Producers: Albemarle is one of the largest producers of lithium, so it relies heavily on its suppliers to provide the raw materials it needs to produce this chemical. Some of its principal suppliers of lithium include SQM, FMC, and Livent.
2. Salt Producers: Albemarle also produces bromine, a chemical that requires salt as a major raw material. Therefore, it depends on suppliers such as Cargill or Compass Minerals for the salt supply.
3. Energy Providers: Albemarle needs energy to power its production plants, and it depends on suppliers such as Duke Energy and Dominion Energy for reliable and cost-effective supplies of electricity.
4. Transportation Providers: Albemarle also depends on third-party transportation providers to move its raw materials and finished products from one location to another.
5. Chemical Suppliers: Albemarle needs various chemicals and reagents in its manufacturing process. Some of its suppliers include BASF, Arkema, and Chemours.
Overall, these suppliers play a pivotal role in ensuring that Albemarle can maintain a stable supply chain and continue to produce high-quality chemicals that meet its customers' needs.
Financial data and news for Albemarle
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Financials
News
Is Albemarle Stock a Value Opportunity?
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5 Growth Stocks Down Over 20% So Far in 2024 to Buy Now
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Is Albemarle Stock Going to $156? 1 Wall Street Analyst Thinks So.
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Albemarle Stock Has 30% Upside, According to 1 Wall Street Analyst
While the estimation of just how high manufacturer Albemarle's (NYSE: ALB) stock can rise may have dipped from his previous thinking, Christopher Kapsch, an analyst at Loop Capital still sees ample
Bargain Hunting in Lithium Stocks: Is Albemarle a Buy?
In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down the latest on lithium miner Albemarle (NYSE: ALB), the lithium market, and whether Albemarle is a buy right now.
*Stock
Albemarle Stock Has Over 50% Downside, According to 1 Wall Street Analyst
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Why Shares of Albemarle Slumped This Week
Shares in lithium producer Albemarle (NYSE: ALB) were down by 14.1% in the week to Friday morning. The move comes in a week when Albemarle announced an offering of $1.75 billion in depositary shares
Why Albemarle Stock Is Crashing Today
Albemarle (NYSE: ALB) stock slumped by double digits this morning and was trading 13.4% lower as of 10:40 a.m. ET Tuesday. The world's largest lithium producer is raising money to fund growth
Why Albemarle Stock Surged More Than 20% in February
Shares of Albemarle (NYSE: ALB), the world's largest lithium producer, rose by an impressive 20.1% in February, according to data provided by S&P Global Market Intelligence. That rise was powered by
Why Albemarle Stock Is Surging This Week
Shares of Albemarle (NYSE: ALB) are flying high this week and were up 17.8% through 10:30 a.m. ET Friday, according to data provided by S&P Global Market Intelligence.
Albemarle already released its
1 Wall Street Analyst Thinks Albemarle Stock Is Going to $105. Is It a Sell?
A Mizuho analyst was left unimpressed by lithium compound company Albemarle's (NYSE: ALB) latest earnings and guidance and cut Mizuho's price target for the company by $25 to $105. The new target is
Lithium Stock Albemarle Gains 3% on Earnings and Revenue That Beat Wall Street's Estimates
Albemarle (NYSE: ALB) stock gained 2.7% on Thursday, following the giant lithium producer's release on the prior afternoon of its fourth-quarter 2023 report. This modest rise was likely in part due
Albemarle (ALB) Q4 2023 Earnings Call Transcript
Image source: The Motley Fool.
Albemarle (NYSE: ALB)Q4 2023 Earnings CallFeb 15, 2024, 9:00 a.m. ET
Operator
Source Fool.com
Why Albemarle Stock Fell 33.4% in 2023 but Looks Primed to Rise in 2024
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Should You Buy Albemarle Stock While It's Still Down?
Integrated mining and refining operation Albemarle (NYSE: ALB) was early to pick up on the impending demand for lithium -- a key ingredient in lithium-ion batteries used in smartphones and electric
Down 61%, This Is the Biggest Risk to Albemarle Stock (and Why It's Still a Buy)
Shares of Albemarle (NYSE: ALB) have crashed on falling lithium prices and weak near-term demand. In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down what the biggest risk
Why Albemarle Stock Slumped 25% in October
2023 is turning out to be a tough year for investors in Albemarle (NYSE: ALB). The lithium stock slumped 25.4% in October alone, according to data provided by S&P Global Market Intelligence, and has
Why Albemarle Stock Fell This Week -- and Why It's an Opportunity
In a week when the S&P 500 gained 6% through 12:30 p.m. ET Friday, Albemarle (NYSE: ALB) stock was down about 4.3% as of this writing despite gaining some ground Friday, according to data provided
Albemarle Earnings Miss Expectations and Management Lowers 2023 Guidance
Albemarle (NYSE: ALB) stock gained 1.4% on Thursday, following the giant lithium producer's release of its third-quarter 2023 report on the prior afternoon.
The stock's gain is attributable to
Albemarle (ALB) Q3 2023 Earnings Call Transcript
Image source: The Motley Fool.
Albemarle (NYSE: ALB)Q3 2023 Earnings CallNov 02, 2023, 9:00 a.m. ET
Operator
Source Fool.com