Albemarle Announces Lithium Volume Shift Throughout 2019; Maintaining $130 FVE With Outlook Intact
On March 28, Albemarle announced that it expects between 3,000 and 3,500 metric tons of lithium sales volumes to move from the first quarter of 2019 to the remaining three quarters of the year. The shift is due to a delay in getting battery-quality product qualified from the company's new Xinyu II plant in China as well as production issues in Chile related to weather delays from rain earlier in the year.However, Albemarle said it did not expect full-year 2019 lithium volumes to change as the X...
Albemarle is a global developer, manufacturer and marketer of chemicals across a range of end markets including energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, crop protection and custom chemistry services. The company's segments include: Lithium, which develops and manufactures a range of basic lithium compounds and lithium specialties and reagents; Bromine Specialties, which includes products used in fire safety solutions and other chemicals applications; and Catalysts, which includes Clean Fuels Technologies, fluidized catalytic cracking catalysts and additives, and performance catalyst solutions.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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