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AJX 17.0¢

AJX Discussion (moved from chart thread)

  1. bonkers89

    1,604 Posts.

    Evening all,
    All the large existing chemical bromine FR Businesses are under stress at the moment, I've posted recently about ICL and chemtura now we have Albermarle .
    The fundamental shift continues away from bromine and again i stress these articles are acting as a major green flag for alexium and it strongly indicates the start of a large industry playing directly into alexium's hand with all others caught of guard and legislation changing in favor. In fact alexium is advising on the changes.
    Add in the deep deep pockets supporting this movement and you have one powerfull trend IMO.
    http://www.indmin.com/Article/3422456/Lithium-LatestNews/Albemarle-swings-to-loss-for-Q4-2014.html
    "The US-based speciality chemicals maker continues to see its profits depressed by weaker prices for brominated flame retardants. Albemarle is now looking for growth in the lithium market, following its restructuring after its merger with Rockwood Holdings".

    "US speciality chemicals company Albemarle Corp. has made a loss of $18.5m in Q4 2014, down from a profit of $118.2m for the same period a year earlier."
    Baton Rouge, Louisiana-based Albemarle, which is one of the world’s largest producers of bromine, said its net sales were down to $598.6m..

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