Supplier of flame retardants Albemarle ( ALB - Get Report) is planning to increase the global prices of Martinal aluminum hydroxide and Magnifin magnesium hydroxide flame retardants by up to 15% effective Oct. 1, or as contracts allow.

According to the Baton Rouge, La.-based company, this price increase is warranted in part to address significant increases in the cost of energy, transportation, raw materials, and other manufacturing costs, and to help pay for continued investments to meet increasing demand for ATH and high-purity magnesium hydroxide.

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