Albemarle Corporation develops, manufactures and markets technologically advanced and high value added products, including lithium and lithium compounds, bromine and bromine derivatives, catalysts and surface treatment chemistries used in a wide range of applications including consumer electronics, flame retardants, metal processing, plastics, contemporary and alternative transportation vehicles, refining, pharmaceuticals, agriculture, construction and custom chemistry services. The company was founded in 1994 and is based in Baton Rouge, Louisiana.
Market Overview Lithium chloride is a solid substance that has an immense capacity to grasp water and thus it become useful for air-conditioning purposes and as an anti-freezing agent. Lithium is hugely reactive because of its electron configuration. It has a
Market Overview Global oilfield chemicals market is expected to register a substantial CAGR of 6.39% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market
Global lithium supplies will fall short of projections for demand to more than triple by 2025 if prices do not rebound to fund expansions, says Eric Norris, who runs the lithium business for leading producer Albemarle (ALB).Prices for lithium fell last year due in part to the pandemic, forcing Albemarle...