PPL - Chemours CEO sees strong chemicals demand continuing in 2022

Chemours (CC +10.4%) CEO Mark Newman tells Reuters that the company expects demand for chemicals will remain strong into 2022, dismissing concerns that the post-COVID surge in demand may decline. Newman says demand for all of Chemours' businesses remains robust except semiconductors used in the automotive sector, where a chip shortage is not expected to normalize before 2023, but he sees an opportunity for Chemours to supply chemicals for new semiconductor plants being built. The CEO also expects the global green push to help Chemours products such as sustainable coolants in refrigerators and polymers used in electric vehicles. Potentially relevant tickers include DD, MMM, HUN, PPG The company earlier reported a strong Q3 profit and raised its full-year earnings forecast.

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Chemours CEO sees strong chemicals demand continuing in 2022