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Albemarle Corp (ALB.N)

ALB.N on New York Stock Exchange

84.97USD
14 Dec 2018
Change (% chg)

$-2.97 (-3.38%)
Prev Close
$87.94
Open
$87.07
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$87.64
Day's Low
$84.01
Volume
353,139
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349,932
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$138.67
52-wk Low
$84.01

Latest Key Developments (Source: Significant Developments)

Mineral Resources Enters Binding Agreement With Albemarle Corp
Friday, 14 Dec 2018 

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
Thursday, 22 Nov 2018 

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 

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
Thursday, 28 Jun 2018 

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
Thursday, 21 Jun 2018 

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
Tuesday, 15 May 2018 

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 

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
Friday, 20 Apr 2018 

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 

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.
Friday, 15 Dec 2017 

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

Albemarle closes $1.15 billion deal for Australian lithium joint venture

Albemarle Corp said on Friday it had finalized an agreement to form a lithium joint venture with Australia's Mineral Resource Ltd for $1.15 billion.