Company: Albemarle Corp. (ALB)
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Company Profile: Albemarle is one of the world’s largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the US and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the US, Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts. -Morningstar.com-
Symbol: ALB
Recent Price: $81.34
Dividends: $1.60
Yield: 1.97%
Sector: Materials
Industry: Specialty Chemicals
Address & Company Phone #: 451 Florida St. Baton Rouge LA 70801, 225-388-7320
Transfer Agent: Equiniti Group plc. 800-468-9716
Moody’s Rating: Baa3
Minimum & Maximum Investment: $25 – $1,000/month
Investment Dates: 1st Monthly
Shares to Qualify: 1 Share
Fees: Div.: $0 Cash: $0 Cert: $0 Sells: by Mail, Phone or Internet for $15+10¢/sh.
52 Week High & Low: $247.44, $92.29