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Albemarle Corporation  (ALB)
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Albemarle's Suppliers Performance

ALB's Supply Chain

 
ALB Costs vs Sales of Suppliers Growth Revenues of Albemarle's Suppliers, deteriorated by -6.05 % compared to the same quarter a year ago, sequentially sales grew by 18.93 %, Albemarle recorded an increase in cost of sales by 88.94 % year on year, sequentially cost of sales grew by 35.67 % in Q4.

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Albemarle's Suppliers realized a deteriorated in sales by -6.05 % compared to the same quarter a year ago, sequentially sales grew by 18.93 %, Albemarle recorded increase in cost of sales by 88.94 % year on year, sequentially cost of sales grew by 35.67 % in Q4.

More on ALB Suppliers



  News about Albemarle Corporation Contracts



Albemarle's Comment on Supply Chain


The major raw materials we use in our Refining Solutions operations include sodium silicate, sodium aluminate, kaolin, rare earths and metals such as molybdenum, nickel and cobalt, most of which are readily available from numerous independent suppliers and are purchased or provided under contracts at prices we believe are competitive. The cost of raw materials is generally based on market prices, although we may use contracts with price caps or other tools, as appropriate, to mitigate price volatility.

The bromine we use is sourced from two locations: Arkansas and the Dead Sea. Our bromine production operations in Arkansas are supported by an active brine rights leasing program. We estimate that, at current production levels, we will be able to produce bromine in Arkansas for more than 50 years. In addition, through our 50% interest in Jordan Bromine Company Limited (“JBC”), a consolidated joint venture with operations in Safi, Jordan, we source bromine from the Dead Sea, which is believed to have indefinite quantities of brine. In addition, we have a joint venture with Weifang Sinobrom Import and Export Company, Ltd. (“Sinobrom”) in China that allows us the option to source bromine directly from China’s Shandong Province brine fields.

The major raw materials we use in our PCS operations include aluminum, ethylene, alpha-olefins, isobutylene and toluene, most of which are readily available from numerous independent suppliers and are purchased or provided under contracts at prices we believe are competitive. The cost of raw materials is generally based on market prices, although we may use contracts with price caps or other tools, as appropriate, to mitigate price volatility.

We obtain lithium through solar evaporation of our ponds at the Salar de Atacama, in Chile, and in Silver Peak, Nevada. After we obtain the lithium brine from the Salar de Atacama, we process it into lithium carbonate and lithium chloride at a plant in nearby La Negra, Chile. The lithium brine from our Silver Peak site is processed into lithium carbonate at our plant in Silver Peak. Subsequently, in other locations in the United States (“U.S.”), Germany, France and Taiwan, we further process the materials into various derivatives, depending on the markets we serve. In addition, we have entered an agreement with Bolland Minera S.A. for the exclusive exploration and acquisition rights to a lithium resource in Antofalla, within the Catamarca Province of Argentina. If necessary, we can also obtain lithium from other sources.
Our mineral rights with respect to the Salar de Atacama in Chile consist exclusively of our right to access lithium brine pursuant to a long-term contract with the Chilean government, originally entered into in January 1975 by one of our predecessors and subsequently amended and restated. Our contract with the Chilean government will remain in effect until the date on which we have produced and sold 200,000 metric tons of lithium in any of its forms from the Salar de Atacama. As of December 31, 2016, the remaining amount of lithium we were permitted to sell under the contract equaled approximately 115,000 metric tons of total lithium. In February 2016, we announced that we were granted approval by the Environmental Assessment Commission of the Antofagasta Region to increase our currently authorized lithium brine removal rate in the Salar de Atacama. The size of the area at the Salar de Atacama covered by our claims is approximately 16,700 hectares. We currently own the land on which we operate our facility at the Salar de Atacama and our processing facility in La Negra. However, the ownership of the land at the Salar de Atacama will revert to the Chilean government once we have sold all amounts of lithium remaining under our contract with the Chilean government (the ownership of the land and fixed assets in La Negra will remain unchanged). In December 2016, we also announced that we amended our lithium production rights agreement with the Chilean Economic Development Agency (“CORFO”) to both extend the term of that agreement and increase our authorized lithium quota at our facility in the Salar de Atacama, Chile. The amended agreement provides us with sufficient lithium to produce over 80,000 metric tons annually of technical and battery grade lithium salts over the next 27 years at our expanding battery grade manufacturing facilities in La Negra, Antofagasta.


Our mineral rights in Silver Peak, Nevada consist of our right to access lithium brine pursuant to our permitted and certificated senior water rights, a settlement agreement with the U.S. government, originally entered into in June 1991, and our patented and unpatented land claims. Pursuant to the 1991 agreement, our water rights and our land claims, we have rights to all lithium that we can remove economically from the Clayton Valley Basin in Nevada. We have been operating at the Silver Peak site since 1966. Our Silver Peak site covers a surface of approximately 15,301 acres, 10,826 acres of which we own through a subsidiary. The remaining acres are owned by the U.S. government from whom we lease the land pursuant to an unpatented land claim and lease agreement which is renewed annually. Based on our 2016 production levels, we believe that the amount of lithium brine we can economically obtain from our Silver Peak, Nevada site pursuant to our rights could support the current levels of lithium carbonate production for approximately 20 years. Assuming certain operating conditions are satisfied, our annual lithium carbonate production capacity is estimated to be approximately 6,000 metric tons at our Silver Peak facility. However, no assurance can be given that the indicated levels of production of lithium carbonate at either Silver Peak or La Negra will be realized.


We also own a 49% interest in Windfield Holdings Pty Ltd, which directly owns 100% of the equity of Talison Lithium Pty Ltd, a company incorporated in Australia (“Talison”). Talison, through its wholly-owned subsidiaries, owns and operates a lithium mine in Greenbushes, Western Australia and mines lithium ore, which is then milled and processed to separate lithium concentrate from the rest of the ore. The ore is processed into battery-grade lithium carbonate and lithium hydroxide at our Jiangxi and Sichuan, China facilities, which were recently acquired from Jiangxi Jiangli New Materials Science and Technology Co. Ltd. Talison currently sells the lithium concentrate to its shareholders. Talison has a leading position in two categories of lithium concentrates: (i) technical-grade lithium concentrates which have low iron content for use in the manufacture of glass, ceramics and heat-proof cookware; and (ii) a high-yielding chemical-grade lithium concentrate, used to produce lithium chemicals which form the basis for the manufacture of lithium-ion batteries for laptop computers, mobile phones, electric bicycles and electric vehicles. Assuming certain operating conditions are satisfied, the annual lithium concentrate production capacity at the Talison facility is estimated to be approximately 575,000 metric tons. However, no assurance can be given that the indicated levels of production of lithium concentrate at Talison will be realized.


Albemarle's Comment on Supply Chain


The major raw materials we use in our Refining Solutions operations include sodium silicate, sodium aluminate, kaolin, rare earths and metals such as molybdenum, nickel and cobalt, most of which are readily available from numerous independent suppliers and are purchased or provided under contracts at prices we believe are competitive. The cost of raw materials is generally based on market prices, although we may use contracts with price caps or other tools, as appropriate, to mitigate price volatility.

The bromine we use is sourced from two locations: Arkansas and the Dead Sea. Our bromine production operations in Arkansas are supported by an active brine rights leasing program. We estimate that, at current production levels, we will be able to produce bromine in Arkansas for more than 50 years. In addition, through our 50% interest in Jordan Bromine Company Limited (“JBC”), a consolidated joint venture with operations in Safi, Jordan, we source bromine from the Dead Sea, which is believed to have indefinite quantities of brine. In addition, we have a joint venture with Weifang Sinobrom Import and Export Company, Ltd. (“Sinobrom”) in China that allows us the option to source bromine directly from China’s Shandong Province brine fields.

The major raw materials we use in our PCS operations include aluminum, ethylene, alpha-olefins, isobutylene and toluene, most of which are readily available from numerous independent suppliers and are purchased or provided under contracts at prices we believe are competitive. The cost of raw materials is generally based on market prices, although we may use contracts with price caps or other tools, as appropriate, to mitigate price volatility.

We obtain lithium through solar evaporation of our ponds at the Salar de Atacama, in Chile, and in Silver Peak, Nevada. After we obtain the lithium brine from the Salar de Atacama, we process it into lithium carbonate and lithium chloride at a plant in nearby La Negra, Chile. The lithium brine from our Silver Peak site is processed into lithium carbonate at our plant in Silver Peak. Subsequently, in other locations in the United States (“U.S.”), Germany, France and Taiwan, we further process the materials into various derivatives, depending on the markets we serve. In addition, we have entered an agreement with Bolland Minera S.A. for the exclusive exploration and acquisition rights to a lithium resource in Antofalla, within the Catamarca Province of Argentina. If necessary, we can also obtain lithium from other sources.
Our mineral rights with respect to the Salar de Atacama in Chile consist exclusively of our right to access lithium brine pursuant to a long-term contract with the Chilean government, originally entered into in January 1975 by one of our predecessors and subsequently amended and restated. Our contract with the Chilean government will remain in effect until the date on which we have produced and sold 200,000 metric tons of lithium in any of its forms from the Salar de Atacama. As of December 31, 2016, the remaining amount of lithium we were permitted to sell under the contract equaled approximately 115,000 metric tons of total lithium. In February 2016, we announced that we were granted approval by the Environmental Assessment Commission of the Antofagasta Region to increase our currently authorized lithium brine removal rate in the Salar de Atacama. The size of the area at the Salar de Atacama covered by our claims is approximately 16,700 hectares. We currently own the land on which we operate our facility at the Salar de Atacama and our processing facility in La Negra. However, the ownership of the land at the Salar de Atacama will revert to the Chilean government once we have sold all amounts of lithium remaining under our contract with the Chilean government (the ownership of the land and fixed assets in La Negra will remain unchanged). In December 2016, we also announced that we amended our lithium production rights agreement with the Chilean Economic Development Agency (“CORFO”) to both extend the term of that agreement and increase our authorized lithium quota at our facility in the Salar de Atacama, Chile. The amended agreement provides us with sufficient lithium to produce over 80,000 metric tons annually of technical and battery grade lithium salts over the next 27 years at our expanding battery grade manufacturing facilities in La Negra, Antofagasta.


Our mineral rights in Silver Peak, Nevada consist of our right to access lithium brine pursuant to our permitted and certificated senior water rights, a settlement agreement with the U.S. government, originally entered into in June 1991, and our patented and unpatented land claims. Pursuant to the 1991 agreement, our water rights and our land claims, we have rights to all lithium that we can remove economically from the Clayton Valley Basin in Nevada. We have been operating at the Silver Peak site since 1966. Our Silver Peak site covers a surface of approximately 15,301 acres, 10,826 acres of which we own through a subsidiary. The remaining acres are owned by the U.S. government from whom we lease the land pursuant to an unpatented land claim and lease agreement which is renewed annually. Based on our 2016 production levels, we believe that the amount of lithium brine we can economically obtain from our Silver Peak, Nevada site pursuant to our rights could support the current levels of lithium carbonate production for approximately 20 years. Assuming certain operating conditions are satisfied, our annual lithium carbonate production capacity is estimated to be approximately 6,000 metric tons at our Silver Peak facility. However, no assurance can be given that the indicated levels of production of lithium carbonate at either Silver Peak or La Negra will be realized.


We also own a 49% interest in Windfield Holdings Pty Ltd, which directly owns 100% of the equity of Talison Lithium Pty Ltd, a company incorporated in Australia (“Talison”). Talison, through its wholly-owned subsidiaries, owns and operates a lithium mine in Greenbushes, Western Australia and mines lithium ore, which is then milled and processed to separate lithium concentrate from the rest of the ore. The ore is processed into battery-grade lithium carbonate and lithium hydroxide at our Jiangxi and Sichuan, China facilities, which were recently acquired from Jiangxi Jiangli New Materials Science and Technology Co. Ltd. Talison currently sells the lithium concentrate to its shareholders. Talison has a leading position in two categories of lithium concentrates: (i) technical-grade lithium concentrates which have low iron content for use in the manufacture of glass, ceramics and heat-proof cookware; and (ii) a high-yielding chemical-grade lithium concentrate, used to produce lithium chemicals which form the basis for the manufacture of lithium-ion batteries for laptop computers, mobile phones, electric bicycles and electric vehicles. Assuming certain operating conditions are satisfied, the annual lithium concentrate production capacity at the Talison facility is estimated to be approximately 575,000 metric tons. However, no assurance can be given that the indicated levels of production of lithium concentrate at Talison will be realized.



ALB's Suppliers Net Income grew by ALB's Suppliers Net margin grew in Q4 to
163.36 % 4.19 %


Albemarle Corporation's Suppliers Sales Growth in Q4 2023 by Industry

Suppliers from Chemical Manufacturing Industry -8.22 %   
Suppliers from Iron & Steel Industry      5.91 %
Suppliers from Miscellaneous Fabricated Products Industry -7.17 %   
Suppliers from Construction Raw Materials Industry  
Suppliers from Miscellaneous Manufacturing Industry      11.94 %
Suppliers from Industrial Machinery and Components Industry -1.02 %   
Suppliers from Conglomerates Industry      7.65 %
Suppliers from Electric & Wiring Equipment Industry      21.14 %
Suppliers from Oil & Gas Integrated Operations Industry -16.55 %   
Suppliers from Property & Casualty Insurance Industry      1.76 %
Suppliers from Laboratory Analytical Instruments Industry    
Suppliers from Professional Services Industry      3.03 %
Suppliers from Internet Services & Social Media Industry      5.86 %
Suppliers from Electronic Instruments & Controls Industry -53.64 %   
Suppliers from Scientific & Technical Instruments Industry -3.67 %   
     
• ALB Suppliers Valuation • ALB Suppliers Mgmt. Effect.





ALB's vs. Suppliers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Albemarle Corporation 15,515.70 9,617.20 1,670.54 6,000
Agilent Technologies inc 43,062.63 6,833.00 1,240.00 18,100
Abb Ltd 87,039.54 32,235.00 3,824.00 0
Accenture Plc 220,720.49 64,573.60 7,038.47 721,000
American Superconductor Corp 375.29 125.37 -19.11 354
Amerisafe Inc 949.45 306.50 63.71 449
Ampco pittsburgh Corp 44.50 407.77 3.93 1,076
Air Products And Chemicals Inc 53,946.70 12,600.00 2,338.60 21,900
Ashland Inc 5,236.21 2,191.00 178.00 11,000
Ati Inc 7,480.65 4,173.60 423.40 9,700
Bimi International Medical Inc 12.73 18.09 -22.66 0
Badger Meter Inc 4,642.06 668.01 85.42 1,514
Berkshire Hathaway Inc 492,047.10 349,271.00 77,710.00 0
Cabot Corporation 5,153.48 3,931.00 484.00 4,300
Calumet Specialty Products Partners l p 1,107.83 4,202.70 362.70 2,000
Clearday Inc 8.09 7.54 -16.71 0
Conocophillips 153,930.13 56,141.00 10,957.00 9,900
Chevron Corp 296,720.60 200,949.00 21,411.00 42,595
Danaher Corporation 185,646.08 23,890.00 4,764.00 80,000
Dover Corporation 24,901.51 8,437.63 2,326.83 25,000
Dow Inc 40,377.03 45,860.00 1,402.00 35,700
Employers Holdings Inc 1,187.37 850.90 118.10 716
Emerson Electric Co 65,023.69 15,837.00 11,006.00 85,500
Franklin Electric Co Inc 4,946.07 2,065.01 194.73 5,200
Fluor Corporation 7,389.00 15,573.00 123.00 37,508
Fmc Corporation 7,994.26 4,486.00 1,321.00 6,400
Haynes International inc 770.05 603.80 41.94 1,123
Hillenbrand inc 3,496.80 2,943.60 548.10 6,000
Honeywell International Inc 137,107.97 36,662.00 5,672.00 99,000
Hubbell Inc 22,352.18 5,372.10 766.00 16,200
Idex Corp 18,383.42 3,273.90 595.60 7,536
Innospec Inc 3,222.27 1,963.90 126.80 1,800
Itron Inc 4,105.22 2,172.91 98.32 6,065
Itt Inc 11,258.13 3,283.00 413.80 9,400
Liquidmetal Technologies Inc 62.74 0.51 -2.05 26
Model N Inc 1,069.78 252.71 -31.67 864
Minerals Technologies Inc 2,438.90 2,169.10 88.30 3,583
Mueller Water Products Inc 2,472.73 1,217.30 77.30 3,900
Newmarket Corporation 6,012.78 2,697.51 388.86 1,998
Piedmont Lithium Inc 230.19 0.00 -21.78 10,400
Pentair Plc 14,187.60 4,104.20 622.70 11,250
Ppg Industries Inc 34,396.82 18,246.00 1,309.00 49,300
P10 Inc 922.91 235.80 -1.04 27,780
Rockwell Automation Inc 33,561.22 9,129.00 1,112.00 26,000
Rtx Corporation 137,628.57 68,920.00 3,380.00 174,000
Scully Royalty Ltd 96.29 48.79 -17.92 0
Sunoco Lp 6,444.56 23,068.00 824.00 22,500
Thermo Fisher Scientific Inc 225,524.53 42,857.00 5,955.00 130,000
Trecora Resources 231.52 301.32 8.99 310
Universal Stainless and Alloy Products Inc 221,452.19 261.94 -1.41 645
United States Lime and Minerals Inc 1,664.92 272.36 68.35 321
Vishay Precision Group Inc 462.45 354.34 26.01 2,600
Westlake Corporation 19,438.34 12,548.00 522.00 8,870
Westlake Chemical Partners Lp 785.42 1,190.79 334.63 141
Advanced Drainage Systems Inc 13,535.65 2,443.05 504.12 4,615
Xylem Inc 27,917.96 7,364.00 609.00 17,300
Zurn Elkay Water Solutions Corporation 5,689.59 1,530.10 112.70 1,300
SUBTOTAL 2,666,866.14 1,111,120.74 171,447.06 1,764,739


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