Investor Presentaiton

I Cost¹ Current Market Prices Are Well Below Re-Investment Economics Substantial part of the cost curve operating below breakeven Cost-advantaged resources that are profitable even at today's market prices ALB Average 2030E Illustrative Cost² 2030E Supply assuming ~$15/kg LCE in perpetuity 2.7 MMT LCE Cumulative Supply (KT LCE) Significant portion of supply curve is currently operating below breakeven at today's market prices 2030E Supply Unconstrained 3.2 MMT LCE Higher prices required over next decade to support >100 new projects³ needed to meet demand Albemarle analysis based on industry sources 2 Illustrative cost based on current operations and operations at or near completion 3 Assuming 2022 average project production of ~20 KT LCE AAlbemarle 23

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