CHARLOTTE, N.C., Sept. 12, 2016 /PRNewswire/ -- Albemarle
Corporation (NYSE: ALB), a leader in the global specialty chemicals
industry, announced today that it has entered into 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. Albemarle believes that this lithium resource
will be certified as the largest lithium resource in Argentina.
Albemarle is uniquely positioned to develop the Antofalla
lithium resource given its technical capabilities, operational
experience in South America, and
proven track record of establishing public-private-partnerships and
community relations in the region.
"For the past 80 years, we have developed proprietary lithium
extraction know-how which will enable us to evaluate the lithium
resource," said John Mitchell,
president of Albemarle's Lithium
and Advanced Materials global business unit.
About Albemarle
Albemarle Corporation (NYSE:
ALB), headquartered in Charlotte,
NC, is a global specialty chemicals company with leading
positions in lithium, bromine, refining catalysts and applied
surface treatments. We power the potential of companies in many of
the world's largest and most critical industries, from energy and
communications to aerospace and electronics. Working
side-by-side with our customers, we develop value-added, customized
solutions that make them more competitive. Our solutions combine
the finest technology and ingredients with the knowledge and
know-how of our highly experienced and talented team of operators,
scientists and engineers.
Discovering and implementing new and better performance-based
sustainable solutions is what motivates all of us. We think beyond
business-as-usual to drive innovations that create lasting value.
Albemarle employs approximately
6,900 people and serves customers in approximately 100 countries.
We regularly post information to www.albemarle.com, including
notification of events, news, financial performance, investor
presentations and webcasts, non-GAAP reconciliations, SEC filings
and other information regarding our company, its businesses and the
markets it serves.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this press release regarding
Albemarle Corporation's business that are not historical facts are
"forward-looking statements" that involve risks and uncertainties.
For a discussion of such risks and uncertainties, which could cause
actual results to differ from those contained in the
forward-looking statements, see "Risk Factors" in the Company's
Annual Report on Form 10-K.
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SOURCE Albemarle Corporation