Investor Presentaiton

55 50 Global EV Outlook Battery Size (Global EV Average)1 Lithium Market Demand Outlook: 2.5x Growth 2024-2030 (kWh per EV) 68 90 63 2023 Production / Market Penetration¹ 2024-2030 CAGR: 15-20% 50% 39% 48.8 37.0 23% 17% 20.2 14.9 2024E 2027E 2030E 2023 2024E 1.0 +28% 1.3 Lithium Demand by Application² (MMt LCE) 2024-2030 CAGR: 15-20% 2.3 3.3 MMt 2030E lithium demand down ~10% vs previous forecast due to: ☐ ☐ OEM announcements Moderated battery size growth ☐ Reductions in downstream Li salt inventory Supply expected to remain in balance given recently announced and on-going curtailments, start- up delays, and expansion delays Incentivizing growth to meet demand requires long-term prices at or above re-investment economics 가 Albemarle R 1 S&P Global Mobility, Global Production based Alternative Propulsion Forecast, June 2023; EV includes PHEVS, REEVS, and BEVS 2 Albemarle analysis EV production (M) -EV penetration (%) EV Grid Mobility Consumer Electronics Industrial Inventory Change Near-term outlook remains strong with lithium demand expected +28% Y/Y in 2024 2027E 2030E Albemarle 22

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