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Albemarle Corp (ALB.N)

ALB.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Albemarle Corporation Raises Dividend
Tuesday, 26 Feb 2019 04:15pm EST 

Feb 26 (Reuters) - Albemarle Corp ::ORATION RAISES DIVIDEND FOR 25TH CONSECUTIVE YEAR, CONTINUES COMMITMENT TO RETURNING SHAREHOLDER VALUE.CO HAS DECLARED A DIVIDEND OF $0.3675 PER SHARE, AN INCREASE OF 10 PERCENT OVER PREVIOUS QUARTERLY DIVIDEND.  Full Article

Albemarle confident on rising demand for lithium from EV industry
Thursday, 21 Feb 2019 09:59am EST 

Feb 21 (Reuters) - Albemarle Corp ::CHIEF EXECUTIVE LUKE KISSAM SAYS ON TRACK TO PRODUCE CLOSE TO 40,000 METRIC TONS OF LITHIUM CARBONATE AT CHILE'S LA NEGRA IN 2019.CEO SAYS HEAVY JANUARY RAINS IN CHILE HURT LITHIUM PRODUCTION BY 3,000 TONNES.CEO SAYS LA NEGRA 3 AND 4 PROJECTS IN CHILE ON TRACK TO BEGIN COMMISSIONING IN 2020.CEO SAYS LITHIUM HYDROXIDE CAPACITY AT XINYU, CHINA, FACILITY NOW 35,000 TONNES DUE TO EXPANSION.CHIEF FINANCIAL OFFICER SCOTT TOZIER SAYS 'MOMENTUM AROUND ELECTRIC VEHICLES HAS CONTINUED TO ACCELERATE'.CFO SAYS DEMAND FOR STATIONARY STORAGE BATTERIES CONTINUES TO GROW.CFO SAYS PLANS 2019 CAPITAL BUDGET OF $800 MILLION TO $900 MILLION, WITH SIMILAR SPENDING FOR 2020 AND 2021.CEO SAYS MOST OF 2019 PRODUCTION ALMOST FULLY COMMITTED ON LONG-TERM CONTRACTS.SAYS SEEING CHINESE GOVERNMENT CREATING INCENTIVES FOR LONGER-RANGE, HIGHER-DENSITY BATTERIES.CEO SAYS SEEING 'REALISTIC, BUT PROBABLY OVERLY CONSERVATIVE DEMAND OUTLOOK' FOR LITHIUM.CFO SAYS RISING DEMAND FOR LITHIUM HYDROXIDE COMING FROM NCA-STYLE BATTERIES FAVORED BY TESLA INC <<>>.CEO SAYS 'COMFORTABLE' WITH RECENT AGREEMENT WITH CHILE'S CORFO REGULATORY AGENCY, DOESN'T CHANGE LONG-TERM OUTLOOK ON CHILE OPERATIONS.  Full Article

Albemarle Reports Fourth Quarter Results
Wednesday, 20 Feb 2019 04:15pm EST 

Feb 20 (Reuters) - Albemarle Corp ::SEES FY 2019 ADJUSTED EARNINGS PER SHARE $6.10 TO $6.50.Q4 ADJUSTED EARNINGS PER SHARE $1.53.Q4 SALES $921.7 MILLION VERSUS REFINITIV IBES ESTIMATE OF $894.8 MILLION.Q4 EARNINGS PER SHARE $1.21.Q4 EARNINGS PER SHARE ESTIMATE $1.47 -- REFINITIV IBES DATA.SEES 2019 NET SALES TO RANGE BETWEEN $3.65 BILLION AND $3.85 BILLION."WE ARE NOT FORECASTING ANY SIGNIFICANT MACROECONOMIC HEADWINDS AND HAVE NOT SEEN ANY DECLINE IN OUR CUSTOMER DEMAND FORECASTS".QTRLY LITHIUM REPORTED NET SALES OF $341.6 MILLION, AN INCREASE OF 18.0% FROM Q4 2017 NET SALES OF $289.6 MILLION.QTRLY NET SALES WERE $921.7 MILLION, AN INCREASE OF 7% OVER PRIOR YEAR.Q4 EARNINGS PER SHARE VIEW $1.47, REVENUE VIEW $894.8 MILLION -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $6.14, REVENUE VIEW $3.64 BILLION -- REFINITIV IBES DATA.  Full Article

Albemarle Corp - Corfo Will Not File Previously Disclosed Arbitration Claim.
Thursday, 24 Jan 2019 04:15pm EST 

Albemarle Corp ::ALBEMARLE AND CORFO ANNOUNCE RESOLUTION IN CHILE.ALBEMARLE CORP - CORFO WILL NOT FILE PREVIOUSLY DISCLOSED ARBITRATION CLAIM..ALBEMARLE CORP - EXPANSION OF LA NEGRA SITE TO FULL 85,000 MT REMAINS ON TRACK TO BEGIN COMMISSIONING IN 2020..ALBEMARLE - IN 2019, WILL PRODUCE 40,000 TO 45,000 MT ON AN LCE BASIS IN THE LA NEGRA FACILITY IN CHILE.ALBEMARLE CORP - "AGREED UPON PROCESS WILL HAVE NO MATERIAL IMPACT ON OUR ANTICIPATED EARNINGS GROWTH, MARGINS OR OTHER FINANCIAL RESULTS.".  Full Article

Mineral Resources Enters Binding Agreement With Albemarle Corp
Friday, 14 Dec 2018 04:00am EST 

Dec 14 (Reuters) - Mineral Resources ::ENTERED INTO A BINDING ASSET SALE AND SHARE SUBSCRIPTION AGREEMENT WITH ALBEMARLE CORPORATION.PURCHASE PRICE FOR SALE INTEREST OF US$1.15 BLN IN CASH PAYABLE UPON COMPLETION OF SALE OF SALE INTEREST .DEAL IN RELATION TO SALE OF A 50% INTEREST IN WODGINA LITHIUM PROJECT AND FORMATION OF A 50:50 JOINT VENTURE.  Full Article

Mineral Resources Enters Exclusivity Agreement With Albemarle Corporation
Wednesday, 21 Nov 2018 04:26pm EST 

Nov 22 (Reuters) - Mineral Resources Ltd ::ENTERED INTO AN EXCLUSIVITY AGREEMENT (AGREEMENT) WITH ALBEMARLE CORPORATION.PURCHASE PRICE FOR SALE INTEREST OF US$1.15B IN CASH.AGREEMENT FOR POTENTIAL SALE OF 50% INTEREST IN WODGINA LITHIUM PROJECT (SALE INTEREST) AND FORMATION OF A 50:50 JOINT VENTURE.  Full Article

Albemarle Announces Changes To Global Business Unit Leadership
Wednesday, 25 Jul 2018 06:45am EDT 

July 25 (Reuters) - Albemarle Corp ::ALBEMARLE ANNOUNCES CHANGES TO GLOBAL BUSINESS UNIT LEADERSHIP.ALBEMARLE CORP - ERIC NORRIS BECOMES PRESIDENT, LITHIUM.ALBEMARLE CORP - ERIC NORRIS BECOMES PRESIDENT, LITHIUM.ALBEMARLE CORP - RAPHAEL CRAWFORD, PRESIDENT, BROMINE SPECIALTIES, WILL TRANSITION FROM HIS CURRENT POSITION TO TAKE ON ROLE OF PRESIDENT, CATALYSTS.ALBEMARLE CORP - NAMED NETHA JOHNSON TO SUCCEED CRAWFORD AS PRESIDENT, BROMINE SPECIALTIES.ALBEMARLE CORP - CHANGES TO ITS GLOBAL BUSINESS UNIT LEADERSHIP TEAM, EFFECTIVE AUGUST 1, 2018.  Full Article

Albemarle Corp,Albemarle Global Finance Company SCA, Albemarle Europe SPRL On June 21 Entered Into $1 Billion 5-Year,Revolving, Unsecured Credit Facility
Wednesday, 27 Jun 2018 04:27pm EDT 

June 27 (Reuters) - Albemarle Corp ::ALBEMARLE CORP-ON JUNE 21, CO,ALBEMARLE GLOBAL FINANCE COMPANY SCA, ALBEMARLE EUROPE SPRL ENTERED INTO $1 BILLION 5-YEAR,REVOLVING, UNSECURED CREDIT FACILITY.ALBEMARLE CORP-NEW CREDIT FACILITY REPLACES CERTAIN CREDIT AGREEMENT, DATED AS OF FEB 7, 2014, THAT WAS DUE TO MATURE ON FEBRUARY 7, 2020- SEC FILING.ALBEMARLE CORP - PRIOR CREDIT FACILITY WAS UNDRAWN AS OF JUNE 20, 2018.ALBEMARLE CORP - NEW CREDIT FACILITY MATURES ON JUNE 21, 2023.  Full Article

Albemarle, Sinopec Catalyst And Sinopec FRIPP Sign Heads Of Agreement In Field Of Hydrocracking
Wednesday, 20 Jun 2018 04:15pm EDT 

June 20 (Reuters) - Albemarle Corp ::ALBEMARLE CORPORATION, SINOPEC CATALYST COMPANY AND SINOPEC FUSHUN RESEARCH INSTITUTE OF PETROLEUM AND PETROCHEMICALS SIGN HEADS OF AGREEMENT IN FIELD OF HYDROCRACKING.ALBEMARLE CORP - SIGNED A HEADS OF AGREEMENT IN FIELD OF HEAVY FEEDSTOCK HYDROCRACKING FOR COMPANY'S CATALYSTS BUSINESS UNIT.ALBEMARLE CORP - COOPERATION WITH SINOPEC CATALYST CO, SINOPEC FRIPP WILL BE WORLDWIDE AND ON A NON-EXCLUSIVE BASIS.  Full Article

Albemarle Says Entered Agreements Relating To An Uncollared Accelerated Share Repurchase Program
Monday, 14 May 2018 04:52pm EDT 

May 14 (Reuters) - Albemarle Corp ::ALBEMARLE CORP - ON MAY 11, ENTERED AGREEMENTS RELATING TO AN UNCOLLARED ACCELERATED SHARE REPURCHASE PROGRAM - SEC FILING.ALBEMARLE - PURSUANT TO TERMS, WILL PURCHASE $250 MILLION OF ITS COMMON STOCK; TO ACQUIRE SHARES UNDER REPURCHASE PROGRAM PREVIOUSLY AUTHORIZED BY BOARD.ALBEMARLE CORP - PURCHASES WILL BE FUNDED THROUGH AVAILABLE CASH ON HAND.ALBEMARLE CORP - ASR PROGRAM IS EXPECTED TO BE COMPLETED BY END OF Q3 OF 2018.  Full Article

Albemarle bullish on lithium outlook after fourth-quarter profit

Albemarle Corp, the world's largest lithium producer, posted a higher-than-expected quarterly profit on Wednesday and gave a bullish 2019 outlook, saying it sees nothing that could slow demand for the white metal used to make electric car batteries.