Full-Time
Global producer of lithium, bromine, catalysts
No salary listed
Bengaluru, Karnataka, India
Hybrid
Hybrid role; expect on-site days in Bangalore.
Bachelor's, Master's, PhD
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Albemarle is a global specialty chemicals supplier focused on lithium, bromine, and catalysts. It extracts lithium from brine and hard rock and processes it into battery-grade materials for electric vehicles and energy storage, while also supplying bromine for fire safety and chemical synthesis and providing catalysts for chemical manufacturing. It differentiates itself with end-to-end lithium mining and processing, a broad product portfolio, and a worldwide footprint, including being the only active lithium producer in the United States. Its goal is to secure and deliver essential materials that enable mobility, energy storage, and connectivity, supporting the transition to electric power and advanced chemistry.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Baton Rouge, Louisiana
Founded
1887
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Vacation
Paid Sick Leave
Paid Holidays
Professional Development Budget
Albemarle reported strong second-quarter results, with sales rising 31% year-over-year to $1.7 billion and adjusted EBITDA more than doubling to $858 million. Free cash flow reached $638 million, driven by higher lithium prices and improved performance in its Specialties business. The Energy Storage segment saw sales increase 78% and adjusted EBITDA rise 229%, primarily due to higher lithium pricing. Albemarle sold 65,000 metric tons of lithium carbonate equivalent at an average realised price of about $20 per kilogram. However, Energy Storage volumes are expected to be flat to down 4% in 2026 following a fire at the Greenbushes CGP3 plant on 9 June. The plant restarted on 1 August but won't reach full production until first quarter 2027. Management raised outlooks for Specialties and stationary storage as bromine pricing and volumes exceeded expectations.
Albemarle Corporation reported second quarter 2026 net sales of $1.7 billion, up 31% year-over-year, driven by higher pricing in Energy Storage (up 73%) and increased pricing and volumes in Specialties. Net income reached $480 million, or $3.52 per diluted share. Adjusted EBITDA rose 155% to $858 million, primarily due to higher Energy Storage pricing and improved Specialties performance. The company generated $710 million in operating cash flow and $638 million in free cash flow. Albemarle raised its full-year Specialties outlook to $1.4-$1.6 billion in net sales and $275-$325 million in adjusted EBITDA. The company also reduced its capital expenditure forecast to approximately $500 million due to ongoing efficiency improvements. Energy Storage sales volumes are expected to reach 225-235 kilotons lithium carbonate equivalent for the year, with minimal impact from a June fire at Talison's CGP3 facility.
Albemarle appoints Eduardo Bartolomeo to Board of Directors. CHARLOTTE, N.C., July 23, 2026 /PRNewswire/ - Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced that its Board of Directors (the "Board") has appointed Eduardo Bartolomeo to the Board, effective July 21, 2026. Bartolomeo brings more than 30 years of leadership experience in complex global industrial environments, particularly in mining and logistics. Bartolomeo most recently served as Chief Executive Officer of Vale S.A., one of the world's largest mining companies, from 2019 to 2024. During his tenure, he led the company's operational, safety, and cultural transformation and oversaw business lines in global mining, logistics, and metals. "Eduardo is a highly respected executive with extensive experience across mining, metals, logistics and global operations," said Albemarle Chairman and CEO Kent Masters. "His insights and leadership will be invaluable as we continue to execute our strategy, strengthen our competitive position and create long-term value for our stakeholders. We are pleased to welcome him to the Board." Prior to serving as Vale's CEO, Bartolomeo held several senior leadership positions at the company, including Executive Director of base metals and Executive Director of logistics operations. He also previously served as Chief Executive Officer of Nova Transportadora do Sudeste and as Chairman of Log-In Logística Intermodal. He holds an MBA from the Massachusetts Institute of Technology, an MBA from Katholieke Universiteit Leuven in Belgium, and a bachelor's degree in metallurgical engineering from Universidade Federal Fluminense in Brazil. He also serves on the Board of Directors of Boston Metal, Inc., a privately held global company based in Massachusetts. Bartolomeo will join the Board's Audit & Finance Committee and the Safety, Sustainability, Operations & Capital Committee. About Albemarle Albemarle Corporation (NYSE: ALB) is a world leader in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. Albemarle Corporation partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows Albemarle Corporation to deliver advanced solutions for its customers. Learn more about how the people of Albemarle are enabling a more resilient world at Albemarle.com. Albemarle regularly posts information to Albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, U.S. Securities and Exchange Commission filings and other information regarding the company, its businesses and the markets it serves. Forward-Looking Statements This press release contains statements concerning its expectations, anticipations and beliefs regarding the future, which constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on assumptions that we have made as of the date hereof and are subject to known and unknown risks and uncertainties, often contain words such as "anticipate," "believe," "expect," "may," "should," "would," and "will" and similar references to future periods. Forward-looking statements may include statements regarding: expectations relating to Company strategy, operations, or performance; plans and expectations related to board composition and contributions; other underlying assumptions and outlook considerations, and all other information relating to matters that are not historical facts. These and other forward-looking statements are based on management's current assumptions and expectations and involve risks and uncertainties that could significantly affect expected results. Actual results could differ materially from those expressed or implied in the forward-looking statements if one or more of the underlying estimates, assumptions or expectations prove to be inaccurate or are unrealized. Factors that could cause Albemarle's actual results to differ materially from the outlook expressed or implied in any forward-looking statement include: breaches of contract; changes in economic and business conditions; changes in availability to serve on the board of directors; trade policies and tariffs; technological change and development; changes in laws and government regulation; regulatory actions, proceedings, cyber-security breaches, and the other factors detailed from time to time in the reports Albemarle files with the SEC, including those described under "Risk Factors" in Albemarle's most recent Annual Report on Form 10-K and any subsequently filed Quarterly Reports on Form 10-Q, which are filed with the SEC and available on the investor section of Albemarle's website (investors.albemarle.com) and on the SEC's website at www.sec.gov. These forward-looking statements speak only as of the date of this press release. Albemarle assumes no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws. Investor Relations Contact: +1 (980) 308-6194, [email protected] Media Contact: +1 (980) 308-6310, [email protected] SOURCE Albemarle Corporation
Albemarle, the world's largest lithium producer, is benefiting from a rebound in lithium prices following a prolonged downturn. Chinese spot prices have climbed to $23 per kilogram, up from $10 per kilogram in autumn 2024, driven by battery manufacturer restocking and growing demand from utility-scale battery energy storage systems. The company reported first-quarter sales of $1.4 billion, up 33% year over year, with adjusted EBITDA rising 148% to $664 million. Albemarle has shifted focus to operational efficiency, cutting capital expenditures by 46% year over year and divesting non-core assets. Analysts project a 4% global lithium supply deficit for 2026. The UN Conference on Trade and Development forecasts lithium demand will increase 353% by decade's end, positioning Albemarle for long-term growth.
Albemarle Corporation, a Charlotte-based specialty chemicals company, has a market capitalisation of $18.9 billion and is a leading global supplier of battery-grade lithium for electric vehicles and energy storage systems. The company has declined 27.4% from its 52-week high of $221 reached on 7 May. Shares of Albemarle have fallen 3.3% over the past three months, underperforming the Materials Select Sector SPDR ETF's 6.9% gain. Year-to-date, the stock is up 13.4%, slightly trailing the ETF's 14.2% rise. However, over the past 52 weeks, Albemarle has surged 170%, significantly outpacing the ETF's 19.1% return. Analysts maintain a "Moderate Buy" consensus rating with a mean price target of $218.09, suggesting a 36% upside from current levels.