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Albemarle (FRA:AMC) Allowance For Loans And Lease Losses


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What is Albemarle Allowance For Loans And Lease Losses?

Allowance For Loans And Lease Losses only applies to banks.


Albemarle (FRA:AMC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Albemarle Corp (FRA:AMC) » Definitions » Allowance For Loans And Lease Losses
Address
4250 Congress Street, Suite 900, Charlotte, NC, USA, 28209
Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the U.S. and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the U.S., Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.