What version of Premiere Elements? What computer operating system?
Please explain "into my album to reuse in other parts of my project". What is album and where is it? Do you mean an album created in the Elements Organizer of your program?
Depending on the details, consider selectively exporting your Timeline segment to a file saved to the computer hard drive
a. positioning gray tabs of Work Area Bar to span segment
b. in the sharing area, have a check mark next to Share Work Area Bar Only"
By itself, Premiere Elements does not support copy/paste between projects. If you are a Windows user, please look at the ClipMate Premiere Elements copy/paste insert.
Please consider and supply details. Any questions or need clarification on the above, please do not hesitate to ask.