Albemarle’s Q3 earnings drop on bromine prices, sees lithium growth with or without EVs

By Laura Syrett
Published: Friday, 24 October 2014

The US-based speciality chemicals maker is continuing to see its profits dented by weaker prices for brominated flame retardants, despite higher sales volumes, but says that it expects to benefit from strong growth in the lithium market following the completion of its merger with Rockwood Holdings.

US speciality chemicals company Albemarle Corp. has reported a 20% drop in earnings year-on-year (y-o-y) for the third quarter of 2014, despite an 8% increase in net sales driven by demand for catalyst solutions and bromine products.

Baton Rouge, Louisiana-based Albemarle, which is one of the world’s largest producers of...

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