Albemarle Corporation — Ethics Grade C-

Albemarle Corporation receives an overall ethics grade of C- (48/100) on CancelCo's corporate accountability database. Sector: Mining & Metals. Market cap: Large Cap.

Category scores

• labor: 65
• privacy: 80
• consumer: 50
• environment: 35
• humanRights: 45

Documented incidents (3)

• Foreign Corrupt Practices Act Violation (high, 2023) — Albemarle agreed to pay over $218 million to resolve investigations into a global bribery scheme involving agents in Vietnam and other countries.
• Atacama Water Rights Dispute (medium, 2021) — The company faced regulatory action and indigenous protests over the excessive pumping of brine and freshwater for lithium extraction in the Atacama desert.
• Consumer Price Manipulation (medium, 2018) — Subject of investigations regarding price-fixing in the lithium market as demand for EV batteries surged, impacting manufacturing costs.

Documented good deeds

• IRMA Membership — Committed to the Initiative for Responsible Mining Assurance (IRMA) for independent third-party audits of sustainability practices.

Ethical alternatives

• Arcadium Lithium — Utilizes advanced DLE technology that consumes significantly less water than traditional evaporation ponds.