Albemarle is swiftly expanding its lithium business. Electric-car maverick Tesla's commodity outlook suggests that's the right plan.
The lithium segment struggled to overcome weather events in Chile, but the company's more mature businesses helped to partially offset the headwind.
Talison Lithium, a partnership between Tianqi and Albemarle (ALB), secured approval to expand the Greenbushes lithium mine. The planned expansion would all
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Albemarle Corporation is a global developer, manufacturer and marketer of highly-engineered specialty chemicals. The Company operates through three segments: Lithium and Advanced Materials, Bromine Specialties and Refining Solutions. Lithium and Advanced Materials segment consist of two product categories: Lithium and Performance Catalyst Solutions. The bromine and bromine-based business includes products used in fire safety solutions and other specialty chemicals applications. The Company serves various end markets, including petroleum refining, consumer electronics, energy storage, construction, automotive, lubricants, pharmaceuticals, crop protection, food safety and custom chemistry services. As of December 31, 2016, the Company and its joint ventures operated 31 production and research and development (R&D) facilities, as well as a number of administrative and sales offices, around the world.Read More
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