Jordan Bromine Company (JBC) - Dead Sea Bromine Operation Feasibility Study: $1.50B NPV Over a 33-Year Mine Life
Albemarle Corporation's Jordan Bromine Company (JBC) - Dead Sea Bromine Operation in Safi, Karak Governorate, Hashemite Kingdom of Jordan has a Feasibility Study outlining a pre-tax NPV of $1.50B. The mine plan runs 33 years at about 125000 t bromine per year.
Albemarle Corporation's Jordan Bromine Company (JBC) - Dead Sea Bromine Operation has reported Feasibility Study results for the bromine project in Safi, Karak Governorate, Hashemite Kingdom of Jordan. The study headlines a pre-tax net present value of $1.50B at a 15% discount rate. It reflects Albemarle Corporation's (ALB) latest disclosed economics for the asset.
Economics. The pre-tax NPV is $1.50B using a 15% discount rate. Economics are based on Bromine sales price range of $2,690 to $4,890 per tonne (spot price at effective date December 31, 2025, through spot less 15%, 30%, and 45%).
Production and mine plan. The project envisions a brine extraction (solar evaporation ponds and pumping station) operation. Life of mine is 33 years. Average annual production is approximately 125000 t bromine. Metallurgical recovery averages 82%.
Resources and ownership. The company holds a 50% interest in the project.
These figures are extracted from Albemarle Corporation's technical disclosures and reflect the most recent Feasibility Study on file. Compare this project against other developers and producers in our project economics database, and always verify the numbers against the original technical report before making any investment decision.
Reserves & Resources
| Category | Tonnage | Grade | Contained |
|---|---|---|---|
| Proven & Probable | — | — | 4.1 MMt elemental bromine |
| Category | Tonnage | Grade | Contained |
|---|---|---|---|
| Measured | — | — | 164.49 MMt bromide ion (inclusive of Reserve) |
Our Analysis
- NPV pre-tax
- $1.50B
higher than 76% of 494 projects we track
- Mine life
- 33yrs
- Study price assumption
- Bromine sales price range of $2,690 to $4,890 per tonne (spot price at effective date December 31, 2025, through spot less 15%, 30%, and 45%)
A 33-year mine life is the first thing to register here, because it changes what kind of asset this is. Most projects we track are built around a decade or so of production, and a mine that runs three times that long is not really a development story at all: it is an operating business with a very long tail, which means the returns depend far less on the accuracy of a single year's forecast and far more on whether the operation can hold its cost position across multiple price cycles. That durability is the real substance of the case.
Against the 494 projects we track, the pre-tax NPV of $1.50B ranks higher than 76% of them. That is a genuinely strong position, but it is a rank, not an outlier: this sits in the upper quartile of a large peer group rather than standing apart from it. The feasibility study supports taking the number seriously, since a build-ready estimate carries a tighter band than a scoping exercise would. The bromine price assumption is presented as a range from $2,690 to $4,890 per tonne, framed as a sensitivity ladder rather than a single point, which is the sensible way to handle a commodity where the study itself supplies the range.
The constraint is scale and funding. The NPV is roughly 0.1x a US$13.39B market cap, and this is one of 24 projects in the portfolio. That cuts both ways: a large diversified company can absorb a build that a junior could not, but a single project this size will never move the equity on its own, and the market may simply be pricing the portfolio rather than any individual asset. The jurisdiction, Jordan, is a workable but not frictionless operating environment. The question that decides this: does the long life and upper-quartile NPV translate into cash flow the portfolio actually notices?
Our take, benchmarked against the project economics in the Mining Stocks database. Figures are estimates drawn from company technical reports — not investment advice; always verify against the source filing.