Albemarle ( ALB - Get Report), a supplier of flame retardants, said Tuesday it will increase the prices of elemental bromine.

The minimum price of bulk elemental bromine will increase to $2970/MT on a delivered basis. The minimum prices of aqueous hydrobromic acid and brominated derivatives also will increase accordingly, the Richmond, Va.-based company said.

Bromine is used in the manufacture of pharmaceuticals, flame retardants, water treatment chemicals, insect repellents, photographic chemicals, perfumes, dyes, oilfield completion fluids and other chemicals.

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