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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 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 lithium customers push for longer contracts - CEO
Thursday, 10 May 2018 09:32am EDT 

May 10 (Reuters) - Albemarle Corp ::ALBEMARLE CORP CONTINUES TO SEE GLOBAL LITHIUM DEMAND AT OVER 800,000 METRIC TONS IN 2025 - CEO LUKE KISSAM.ALBEMARLE LITHIUM EXPANSION PLAN NOT ABOUT MARKET SHARE GAIN, AIMED AT MEETING LONG-TERM COMMITMENT TO CUSTOMERS - CEO.ALBEMARLE LITHIUM EXPANSION PROJECTS REMAIN "ON TRACK" WITH 2018 SPENDING SEEN AT $550-$675 MILLION - CEO.ALBEMARLE CONTINUES TO SEE OVERALL 2018 LITHIUM PRICING RISING OVER 2017 BY HIGH SINGLE DIGITS ON PERCENTAGE BASIS - PRESIDENT JOHN MITCHELL.ALBEMARLE SEEING BATTERY, CATHODE CUSTOMERS PUSHING FOR LONGER SUPPLY CONTRACTS, FROM 3-5 YEARS TO 10 YEARS - PRESIDENT MITCHELL.ALBEMARLE HAS ALMOST 100 PERCENT OF 2018 LITHIUM VOLUME COMMITTED IN LONG-TERM CONTRACTS - PRESIDENT MITCHELL.ALBEMARLE CONTINUES TO SEE 2018 LITHIUM ADJUSTED EBITDA MARGIN AVERAGING +40 PERCENT - CEO.  Full Article

Albemarle Declares Force Majeure On Shortage Of Key Raw Materials In Urethane Supply Chain
Thursday, 19 Apr 2018 04:45pm EDT 

April 19 (Reuters) - Albemarle Corp ::ALBEMARLE DECLARES FORCE MAJEURE DUE TO SHORTAGE OF KEY RAW MATERIALS IN URETHANE SUPPLY CHAIN.ALBEMARLE CORP - DOES NOT EXPECT FORCE MAJEURE TO AFFECT PREVIOUSLY COMMUNICATED FULL-YEAR GUIDANCE FOR COMPANY.  Full Article

Prudential Financial Reports 7.3 Pct Passive Stake In Albemarle Corp As Of Dec 31, 2017
Friday, 19 Jan 2018 12:54pm EST 

Jan 19 (Reuters) - Albemarle Corp ::PRUDENTIAL FINANCIAL,INC REPORTS A 7.3 PERCENT PASSIVE STAKE IN ALBEMARLE CORP AS OF DEC 31, 2017 - SEC FILING.  Full Article

Albemarle Enters Into Agreement To Sell Portion Of Performance Catalysts Solutions To W. R. Grace & Co.
Thursday, 14 Dec 2017 05:00pm EST 

Dec 14 (Reuters) - W. R. Grace & Co ::ALBEMARLE ENTERS INTO DEFINITIVE AGREEMENT TO SELL PORTION OF PERFORMANCE CATALYSTS SOLUTIONS TO W. R. GRACE & CO..ALBEMARLE - W.R. GRACE TO ASSUME LEASE & OPERATIONS AT PRODUCT DEVELOPMENT CENTER IN BATON ROUGE, OPERATIONS AT YEOSU, SOUTH KOREA SITE.ALBEMARLE - ORGANOMETALLICS AND CURATIVES PORTIONS OF PERFORMANCE CATALYSTS SOLUTIONS BUSINESS WILL REMAIN WITH CO.  Full Article

Grace To Acquire Polyolefin Catalysts Business
Thursday, 14 Dec 2017 05:00pm EST 

Dec 14 (Reuters) - W. R. Grace & Co ::GRACE TO ACQUIRE POLYOLEFIN CATALYSTS BUSINESS.W. R. GRACE & CO - DEAL FOR $416 MILLION.W. R. GRACE & CO - EXPECTS TO FINANCE TRANSACTION WITH A COMBINATION OF DEBT AND CASH.W. R. GRACE - SIGNED AGREEMENT TO BUY POLYOLEFIN CATALYSTS BUSINESS OF ALBEMARLE.  Full Article

Albemarle posts Q3 earnings per share $1.06
Wednesday, 8 Nov 2017 05:05pm EST 

Nov 8 (Reuters) - Albemarle Corp :Albemarle continues double digit growth in third quarter.Q3 adjusted earnings per share $1.08 from continuing operations.Q3 earnings per share $1.06.Q3 sales $754.9 million versus i/b/e/s view $732 million.Q3 earnings per share view $1.07 -- Thomson Reuters I/B/E/S.Lithium and advanced materials reported net sales of $343.6 million in q3 of 2017, an increase of 42.9% from q3 2016​.Bromine specialties reported net sales of $212.9 million in Q3 of 2017, an increase of 9.5% from q3 2016​.Sees 2017 net sales in range of $3.00 billion to $3.05 bln‍​.Refining solutions reported net sales of $170.3 million in q3 of 2017, a decrease of 10.6% from net sales of $190.5 million in q3 of 2016​.Sees 2017 adjusted eps (per diluted share) in range of $4.40 to $4.50‍​.In quarter, ‍hurricane harvey reduced adjusted ebitda by $11 million and adjusted diluted earnings per share by $0.07​.FY 2017 earnings per share view $4.38, revenue view $2.95 billion -- Thomson Reuters I/B/E/S.  Full Article

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Chilean regulators reject Albemarle's plans to boost lithium output

SANTIAGO Chilean environmental regulators have rejected plans by Albemarle Corp, the world's top lithium producer, to expand output from the Salar de Atacama salt flat, according to filings with Chile's Environmental Assessment Service (SEA).