Albemarle Investor Presentation

Continued Growth in a Turbulent Macro Environment 2023E Forecast Cost Breakdown: Royalties Progressive commissions paid in Chile, increases with price to customer For every $1 over $10/kg LCE, ALB pays $0.40 to CORFO Energy/ Freight ■ Includes natural gas and utilities ■ Notable increases in Materials/Services ■ Nearly 20% spodumene is company-owned Other major inputs include BPA, chlorine, molybdenum, caustic soda, soda ash ■ Other services includes warehousing Royalties 15% Materials / Services Energy / Freight 5% 50% Economic Conditions Vary By Segment Energy Storage Expect continued secular growth related to the shift to clean transportation supported by OEM EV investments and public policy Key economic indicators include global EV production Battery grade demand lags EV production -1 to 2 quarters Contribution margin -60% Specialties Diverse end markets - ability to divert product to highest margin operations; demand typically rebounds quickly post recession Key economic indicators include consumer confidence, total automotive production, building and construction ~1 to 3 quarter lag in supply chain Contribution margin ~65% freight, continued supply chain issues Labor (incl GSA) ■ Increasing headcount to prepare for long-term growth, plus inflation impacts Labor 15% Other 15% Other Depreciation ■ Other standard cost components • Ketjen Demand relatively resilient in previous recessions; lower oil prices have historically led to higher demand and lower raw materials costs Key economic indicators include transportation fuel demand FCC demand changes with fuel consumption with little to no lag HPC demand lags multiple quarters as refineries push out turnarounds Contribution margin ~40% 16

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