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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)

Mineral Resources Says Revised Arrangements With Albemarle For Wodgina Lithium
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Mineral Resources Ltd ::REVISED ARRANGEMENTS WITH ALBEMARLE FOR WODGINA LITHIUM.UNDER REVISED ARRANGEMENT MRL WILL INCREASE INTEREST IN WODGINA LITHIUM PROJECT TO BE SOLD TO ALBEMARLE FROM 50% TO 60%.ALBEMARLE WILL PAY US$820 MILLION IN CASH AT CLOSING & TRANSFER 40% INTEREST IN FIRST TWO 25 KTPA LITHIUM HYDROXIDE CONVERSION UNITS.ALBEMARLE AND MRL WILL FORM A 60:40 JOINT VENTURE TO OPERATE WODGINA LITHIUM MINE AND PRODUCTION FACILITIES.ALBEMARLE TO FUND 100% OF CAPITAL EXPENDITURE, OTHER COSTS AT KEMERTON FACILITY ESTIMATED BY ALBEMARLE TO COST US$1.2 BILLION.IF TRANSACTION TERMINATED PRIOR TO COMPLETION, ALBEMARLE WILL PAY BREAK FEE TO MRL OF US$100 MLN.  Full Article

Mineral Resources Announces Confirmation Of Chinese Anti-Trust Clearance
Friday, 26 Jul 2019 

July 26 (Reuters) - Mineral Resources Ltd ::ANNOUNCES CONFIRMATION OF CHINESE ANTI-TRUST CLEARANCE.UNCONDITIONAL APPROVAL OBTAINED FROM CHINA STATE ADMINISTRATION FOR MARKET REGULATION FOR TRANSACTION BETWEEN MRL & ALBEMARLE.  Full Article

Albemarle Signs Exclusivity Agreement With Mineral Resources Ltd
Wednesday, 21 Nov 2018 

Nov 21 (Reuters) - Albemarle Corp ::ALBEMARLE SIGNS EXCLUSIVITY AGREEMENT WITH MINERAL RESOURCES LIMITED FOR 50/50 FULLY INTEGRATED LITHIUM JOINT VENTURE IN WESTERN AUSTRALIA.ALBEMARLE CORP - PURCHASE PRICE FOR ALBEMARLE'S 50% INTEREST IN JV WOULD BE US$1.15 BILLION.ALBEMARLE CORP - ALBEMARLE EXPECTS TO FUND JV WITH AVAILABLE CASH AND NEW CREDIT FACILITIES.ALBEMARLE CORP - IT IS EXPECTED THAT TRANSACTION WILL BE ACCRETIVE TO ALBEMARLE'S EARNINGS..ALBEMARLE CORP - EXPECTED THAT TRANSACTION WILL BE ACCRETIVE TO ALBEMARLE'S EARNINGS.ALBEMARLE - WOULD MANAGE MARKETING AND SALES OF LITHIUM HYDROXIDE PRODUCED BY JV VIA ALBEMARLE'S LONG TERM AGREEMENT STRATEGY.ALBEMARLE - PARTIES WOULD JOINTLY FUND, DESIGN, BUILD, OPERATE A LITHIUM HYDROXIDE PLANT IN STAGES AT WODGINA UTILIZING ALBEMARLE'S CORE DESIGN.  Full Article

Albemarle Q3 Earnings Per Share $1.20
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Albemarle Corp ::ALBEMARLE DELIVERS REVENUE GROWTH FOR THE 11TH CONSECUTIVE QUARTER.Q3 ADJUSTED EARNINGS PER SHARE $1.31.Q3 EARNINGS PER SHARE $1.20.Q3 SALES $777.7 MILLION VERSUS I/B/E/S VIEW $796.7 MILLION.Q3 EARNINGS PER SHARE VIEW $1.25 -- THOMSON REUTERS I/B/E/S.SEES 2018 NET SALES $3.3 BILLION - $3.5 BILLION.SEES 2018 ADJUSTED EPS $5.30 - $5.50.ALBEMARLE - UNEXPECTED SHUT DOWNS AT 3 LITHIUM MANUFACTURING SITES RESULTED IN VOLUME SHORTFALLS DURING QUARTER, ALL FACILITIES ARE NOW BACK ON LINE.LITHIUM REPORTED NET SALES OF $270.9 MILLION IN THE THIRD QUARTER OF 2018, AN INCREASE OF 0.6% FROM THIRD QUARTER 2017.  Full Article

Albemarle Sets Quarterly Dividend Of $0.335Per Share
Thursday, 26 Jul 2018 

July 26 (Reuters) - Albemarle Corp ::SETS QUARTERLY DIVIDEND OF $0.335PER SHARE.  Full Article

Albemarle new brine extraction technology on track - CEO
Thursday, 10 May 2018 

May 10 (Reuters) - Albemarle Corp ::ALBEMARLE SEES INCREASE IN SOLID-STATE BATTERY RESEARCH AND DEVELOPMENT, COMMERCIAL APPLICATION 5-10 YEAR TIMELINE, SOLID-STATE BATTERIES REQUIRE MORE LITHIUM - PRESIDENT JOHN MITHCELL.ALBERMARLE CONTINUES TO PURSUE NEW BRINE EXTRACTION TECHNOLOGY, PROJECT "GOING WELL", MEETING METRICS - CEO LUKE KISSAM.  Full Article

Albemarle Corp Says CEO Luther Kissam's FY 2017 Total Compensation Was $8.5 Mln
Wednesday, 28 Mar 2018 

March 28 (Reuters) - Albemarle Corp ::ALBEMARLE CORP SAYS CEO LUTHER KISSAM'S FY 2017 TOTAL COMPENSATION WAS $8.5 MILLION VERSUS $8.4 MILLION IN FY 2016 - SEC FILING.  Full Article

Albemarle Receives Increase In Lithium Quota For Chile Operations
Friday, 9 Mar 2018 

March 9 (Reuters) - Albemarle Corp ::ALBEMARLE CORPORATION RECEIVES INCREASE IN LITHIUM QUOTA FOR CHILE OPERATIONS.ALBEMARLE - CHILE'S ECONOMIC DEVELOPMENT AGENCY QUOTA APPROVED INCREASE IN CO'S CHILE LITHIUM PRODUCTION TO UP TO 145,000 METRIC TONS OF LCE THROUGH 2043.  Full Article

Albemarle ‍Declares Quarterly Dividend Of $0.335 Per Share​
Friday, 23 Feb 2018 

Feb 23 (Reuters) - Albemarle Corp ::ALBEMARLE CORPORATION RAISES DIVIDEND FOR 24TH CONSECUTIVE YEAR.ALBEMARLE CORP - ‍DECLARED A QUARTERLY DIVIDEND OF $0.335 PER SHARE, AN INCREASE OF NEARLY 5% OVER PREVIOUS QUARTERLY DIVIDEND OF $0.32​.  Full Article

Jennison Associates LLC Reports A 7.1 Pct Passive Stake In Albemarle Corp As Of Dec 31, 2017
Monday, 5 Feb 2018 

Feb 5 (Reuters) - Albemarle Corp ::JENNISON ASSOCIATES LLC REPORTS A 7.1 PERCENT PASSIVE STAKE IN ALBEMARLE CORP AS OF DEC 31, 2017 - SEC FILING.  Full Article

UPDATE 2-Chilean miner SQM profits plunge alongside lithium price

SANTIAGO, Aug 22 SQM, the world's No. 2 producer of lithium, saw its profits plunge along with lithium prices in the second quarter, even as the Chile-based miner said it had sold more of the ultralight battery metal.