$ALB

Up to nine new lithium mines may open in the U.S. by 2030, with CRU forecasting 55,000-95,000 tonnes of annual LCE production. Key projects include Lithium Americas' Thacker Pass (LAC) and Standard Lithium's (SLI) Arkansas project. U.S. output is expected to rise from 5,000 tonnes this year. Thacker Pass, backed by GM and the U.S. government, aims for initial production by late 2025. Legal and financial challenges may impact timelines.

ALBEMARLE CORP (ALB) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Exhibit 99.1 Albemarle Announces CEO Succession Plan Ragnar Udd Appointed President and CEO, Effective February 1, 2027 Kent Masters to Serve as Executive Chairman CHARLOTTE, N.C., September 3, 2026 – Albemarle Corporation (NYSE: ALB), a global leader in providing essential eleme

Albemarle (ALB) stock fell 1.7% after announcing CEO succession plan. Ragnar Udd, BHP's Chief Commercial Officer, will become President and CEO in 2027. Current CEO Kent Masters will transition to Executive Chairman. JPMorgan analyst reduced price target to $140 from $160, maintaining a Neutral rating. ALB underperforms broader market, trading below 52-week high of $221.

Albemarle has named BHP executive Ragnar Udd as its CEO, effective February 1, 2027. Udd, currently BHP's chief commercial officer, will replace Kent Masters, who will become executive chairperson. Albemarle shares fell 2.3% in premarket trading.

Albemarle, a lithium producer, has appointed a BHP veteran as its next CEO, effective February 1, 2027. Current CEO Kent Masters will transition to executive chairman. The company aims to improve operational efficiency and pricing power amid fluctuating lithium prices and growing demand for EVs and grid storage. Albemarle is focusing on long-term contracts and margin protection strategies.

Lithium prices and miner profits surge due to energy storage demand. Tianqi Lithium (002466.SZ) and Ganfeng Lithium (002460.SZ) reported significant earnings growth. Albemarle (ALB) and PLS Group also saw strong results. Analysts debate the longevity of the rally, with UBS and Goldman Sachs offering differing forecasts.

Albemarle (ALB) rose 1.17% to $137.36, while SQM (SQM) fell 2.24% to $78.63. The Global X Lithium ETF (LIT) dropped 1.37% to $76.07. China's lithium carbonate price rose 0.33% to 153,000 CNY/ton. Investors are watching Chile's lithium policy and Albemarle's talks with Corfo.

Albemarle Corporation declared a quarterly dividend of $0.41 per share, equivalent to an annualized rate of $1.64. The payment is scheduled for Oct. 1, 2026, to shareholders of record on Sept. 11, 2026, according to the company's Board of Directors.

Moderna (MRNA) rose 14.36% to $158.83 on cancer therapy progress with Merck. Cisco (CSCO) partnered with Super Micro (SMCI) for AI deployment. Robinhood (HOOD) gained 8.2%, while Albemarle (ALB) fell 5.89% after JPMorgan cut its EBITDA forecast to $2.88B.

Lithium markets surged on August 21, 2026, with GFEX lithium carbonate futures up 4.12% to 158,700 CNY per tonne. Albemarle (ALB) rose 6.75% to $143.25, SQM (SQM) gained 4.47% to $81.96, and the LIT ETF increased 2.72% to $76.61. Analysts cite tight supply and strong procurement as drivers.