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...