Albemarle Corporation develops, manufactures and markets specialty chemicals around the world. Learn the latest information and analysis on the company, ALB stock price today, stock news, how much one share costs and other information to help you make investment decisions.
Albemarle’s main business is in three divisions: lithium, bromine, and catalysts. The company owns production, resources, and other assets in Nevada, Chile, China, Australia, and other countries, which makes it an important global player.
It is one of the largest producers of lithium, which is a key component in batteries, including for electric vehicles. The lithium operations accounted for 42% of the company’s revenues in 2021. The company is also one of the world leaders in the production of fire resistant chemicals.
The Albemarle stock price soared 150% in 2021, partly due to the company’s Chinese investments in lithium conversion capacity. Even though the stock price started falling towards the end of the year after reaching all-time highs of $291 and consequently fell down to $170 in March, it has shown strong recovery and currently trades at $239 as of May 2022, which may still be a good entry point for further growth.
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