ALB

Albemarle Corp. is a global specialty chemicals company and the world's largest producer of lithium, a critical material for lithium-ion batteries used in electric vehicles and energy storage systems. The company operates through three segments: Lithium (lithium compounds and derivatives), Bromine (flame retardants and specialty chemicals), and Catalysts (refining catalysts for petroleum processing). Albemarle's lithium business serves the rapidly growing EV battery market, producing lithium hydroxide and lithium carbonate from brine and hard rock sources in Chile, Australia, China, and the United States. The bromine segment produces flame retardants for electronics, construction, and transportation, plus specialty chemicals for oil and gas, pharmaceuticals, and agricultural applications. The catalysts segment provides hydroprocessing catalysts for cleaner fuels. Founded in 1994 and headquartered in Charlotte, North Carolina, Albemarle has transformed into a lithium powerhouse through organic growth and acquisitions. The company benefits from electric vehicle adoption, renewable energy storage, and specialty chemical demand while navigating lithium price volatility, capacity expansion execution, and competitive dynamics in the evolving battery materials industry.