NYSE:ALBChemicals
Albemarle Refocuses On Lithium As Ketjen Stake Sale Reshapes Portfolio
Albemarle has completed the sale of a controlling stake in Ketjen Corporation's refining catalyst business, while keeping a minority interest.
The transaction reshapes the company’s portfolio and sharpens its focus on lithium and energy storage activities.
For investors watching NYSE:ALB, this move comes with the stock trading at $158.22 and showing very different results across timeframes. The share price is up 9.9% year to date and 114.0% over the past year, while the 3 year return is a...