Magnolia Field Bromine (Albemarle) Feasibility Study: $1.64B NPV
Albemarle Corporation's Magnolia Field Bromine (Albemarle) in Columbia County, southwestern Arkansas, USA has a Feasibility Study outlining an after-tax NPV of $1.64B.
Albemarle Corporation's Magnolia Field Bromine (Albemarle) has reported Feasibility Study results for the bromine project in Columbia County, southwestern Arkansas, USA. The study headlines an after-tax net present value of $1.64B at a 10% discount rate. It reflects Albemarle Corporation's (ALB) latest disclosed economics for the asset.
Economics. The after-tax NPV is $1.64B using a 10% discount rate.
Production and mine plan. The project envisions a brine extraction (supply and injection wells) operation.
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 |
|---|---|---|---|
| Proved | — | — | 2,264 thousand tonnes |
| Probable | — | — | 395 thousand tonnes |
| Proved & Probable | — | — | 2,658 thousand tonnes |
Our Analysis
- NPV after-tax
- $1.64B
higher than 75% of 553 projects we track
The revised study for this bromine project in Columbia County, Arkansas marks a step backward on value even as it advances on confidence. After-tax NPV has fallen 29% versus the prior 2025 production filing, and that decline is the headline: the same asset, reworked at feasibility level, is now worth materially less than the earlier estimate implied. The offsetting positive is that this is an FS, the build-ready estimate typically carrying a plus or minus 15% band, so the lower number deserves more weight than the figure it replaced. A downgrade delivered with higher confidence is a real downgrade, not a rounding difference.
At $1.64B after-tax NPV, the project still ranks above 75% of the 553 projects we track across all commodities. That is a genuinely strong position in the peer set, and it argues the asset retains real scale despite the revision. The complication is what surrounds it. This is one of 44 projects we track for a company with a US$11.95B market cap, so the NPV is roughly 0.1x the equity value: a large-cap with a diversified pipeline, for which this single asset is a modest slice rather than a defining bet.
That cuts both ways. A project this size relative to its owner can be advanced without straining the balance sheet, which lowers execution risk. It also means the market has little reason to re-rate the company on this study alone, and the 29% write-down gives skeptics a fresh argument. The study's own price assumption now carries more of the burden, and any sensitivity around it matters more than it did before. The question that decides this project is whether the feasibility work has stabilised the estimate or whether the next revision cuts again.
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.
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