Albemarle Growth and Economic Outlook

Cost¹ Leveraging Our Low-Cost Resources as Projects Trend Towards Higher Cost 2030E Mined Supply 2.9 MMT LCE 2030E Demand 3.7 MMT LCE ALB Average 2030E Cost ~$20/kg 800 kt Supply Deficit Excl. Recycling 20% of Demand Cumulative Supply (KT LCE) Prices >$20/kg required over next decade to support >100 new projects² needed to support demand 1 Albemarle analysis 2 Assuming 2022 average project production of ~20 KT LCE AAlbemarle 24

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