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Albemarle Corp ALB

Alternate Symbol(s):  ALB.PR.A

Albemarle Corporation is engaged in transforming essential resources into critical ingredients for mobility, energy, connectivity, and health. The Company is a global developer, manufacturer, and marketer of specialty chemicals. Its segments include Energy Storage, Specialties, and Ketjen. The Energy Storage segment develops and manufactures a range of basic lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride. Its Specialties business optimizes its portfolio of bromine and highly specialized lithium solutions. Its Specialties business serves a variety of industries, including energy, mobility, connectivity, and health. Specialty products are essential in both internal combustion and electric vehicles, from high-voltage cables and powertrains to airbags and tires. Its three main product lines in its Ketjen segment are clean fuels technologies (CFT), fluidized catalytic cracking (FCC) catalysts and additives, and performance catalyst solutions (PCS).


NYSE:ALB - Post by User

Post by MaterialsManon Apr 21, 2023 11:30am
424 Views
Post# 35407318

No problemo

No problemoALB is sending out annoucements that "all is well". Contract is good for many years. They fail to mention that Codelco has been chosen to renegotiate the contract on behalf of the Chilean gov't. Maybe that has something to do with the SP tanking. If Codelco does not like what ALB is willing to do to improve the benefits to Chile, things could get heated. Chile can just say "put up or get out". What could ALB do other than go along to get along. I owned stock in a company with interests in Mexico that had something very similar happen to them that is happening here.They are not having much success suing Mexico for their losses, which included their entire investment. Mexico just welched on the contract. Good luck to ALB.
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