Albemarle Corp
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Materials : Chemicals | Mid Cap Growth
Company profile

Albemarle Corporation is a developer, manufacturer and marketer of specialty chemicals, which serves its customers across a diverse range of end markets, including energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals and crop protection. It operates through three segments. Lithium segment develops and manufactures a range of basic lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and value-added lithium specialties and reagents, including butyllithium and lithium aluminum hydride. Bromine segment’s business includes products used in fire safety solutions and other specialty chemicals applications. Its fire safety technology enables the use of plastics by enhancing the flame-resistant properties of these materials. Catalysts segment offers three product lines, which includes Clean Fuels Technologies, fluidized catalytic cracking catalysts and additives, and performance catalyst solutions.


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0.19 (0.09%)
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Ford extends electric F-150 production halt

2:51 pm ET February 24, 2023 (MarketWatch)

Ford Motor Co. (F) said Friday it will extend a production halt for its electric pickup truck by another week. Battery-cell production has resumed at the supplier's plant, but it will take the supplier, SK, "time to ensure they are back to building high-quality cells and to deliver them to the Lightning production line," a Ford spokesperson said. Ford's EV plant in Michigan "will suspend production through the end of next week, and we'll continue to provide updates." Ford said a battery fire during pre-delivery quality checks led to the halt, but F-150 Lightnings already delivered are affected. Ford stock dropped more than 1% on Friday as equity markets slumped after the Federal Reserve's preferred inflation measure came in hotter-than-expected for January. Ford is down 31% in the last 12 months, compared with losses of around 8% for the S&P 500 Index.

-Claudia Assis


(END) Dow Jones Newswires

February 24, 2023 14:51 ET (19:51 GMT)

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