RTTNews | Sep 10, 2021 07:05AM EDT

07:04 Friday, September 10, 2021 (RTTNews.com) - Albemarle Corporation (ALB) reaffirmed the company's full-year 2021 guidance. The company continues to expect a modest improvement in full-year 2021 operating performance compared to 2020, assuming continued global economic recovery.

For full-year 2022, the company expects adjusted EBITDA to be up 25% to 35% from 2021 primarily due to higher pricing and volumes for Lithium and anticipated stronger performance for Catalysts following previous pandemic-related weakness.

For 2026 long-term financial targets, the company estimates net sales (5-Year CAGR) in a range of 13% - 17%.

"We see exciting growth opportunities ahead for Albemarle, primarily driven by the importance of electrification in the transition to more sustainable sources of energy," said CEO Kent Masters.

Read the original article on RTTNews ( https://www.rttnews.com/3224738/albemarle-reaffirms-2021-guidance-introduces-2022-outlook-long-term-targets.aspx)

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