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Albemarle Corp ALB Stock Quote

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Albemarle's Attractive Low-Cost Lithium Resources Provide Long-Term Growth as EV Adoption Rises

Business Strategy and Outlook

| Seth Goldstein, CFA |

Albemarle is the world's largest producer of lithium, from which it generates the majority of total profits. It produces lithium through its own salt brine assets in Chile and the United States and two joint venture interests in Australian mines, Talison and Wodgina. The Chilean operation is among the world's lowest-cost sources of lithium. Talison is one of the best spodumene resources in the world, which allows Albemarle to be one of the lowest-cost lithium hydroxide producers as spodumene can be converted directly into hydroxide.

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Business Description

Albemarle is the world's largest lithium producer. Our outlook for robust lithium demand is predicated upon increased demand for electric vehicle batteries. Albemarle produces lithium from its salt brine deposits in Chile and the U.S. and its hard rock joint venture mines in Australia. Albemarle is also a global leader in the production of bromine, used in flame retardants. The company is also a major producer of oil refining catalysts.

Contact
4250 Congress Street, Suite 900
Charlotte, NC, 28209
T +1 980 299-5700
Industry Specialty Chemicals
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 6,000

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