Albemarle Corporation Market Summary

From the bustling avenues of Charlotte, North Carolina, Albemarle Corporation (ALB) stands tall as a beacon of industrial and chemical innovation, not just for America, but for the world.

With a staggering market value of $30 billion, the mining operator and specialty chemicals manufacturer is becoming a global giant, holding its crown as the world's largest miner of lithium carbonate and the world’s largest producer of lithium hydroxide.

To meet the world’s growing demand, ALB is planning to bring another domestic lithium mine online in North Carolina by 2027.

Today, ALB has functioning mines in Australia, Chile, and the USA.

The company is also building a US $1.3 billion processing facility in South Carolina, where it will process battery-grade lithium hydroxide; this translates to this plant supporting the manufacturing of 2.4 million electric vehicles each year, and will be able to process lithium from recycled batteries as well.

Related Report

The State of the Electric Vehicle Revolution 2023

Global electric vehicle (EV) stock has surpassed 30 million, and China is home to over half of all the EVs on the world’s roads. 1 in 7 new cars sold last year was electric, and by 2030, we will have 138 Million EVs.

About

Company Careers Contact & Support

Legal

Book a free demo with us Feature my Startup Story

Social Media