Albemarle Growth and Economic Outlook
Contract Mix Reflects Changes in Lithium Market Prices
Energy Storage Net Sales1
(by Contract Type)
Spot
~20%
Purchase order-based
price negotiations, heavily
influenced by index
Variable
Index-referenced, variable-
priced (typically 3-month lag,
some with floors and ceilings,
specifics vary by contract)
~80%
1 As of September 30, 2023; excludes technical grade spodumene and by-product net sales
2 Assumes prevailing market pricing and Albemarle contract book as of September 30, 2023
2023E
Leverage to Continued Strong Market Prices
■ Majority of volumes sold under long-term contracts
(typically 2-5 years duration) with strategic customers
Partnerships across the value chain including major
cathode, battery, and OEM customers
An assumed +$10/kg change in full-year 2023 market
indices equates to a ±$5-7/kg change in Albemarle's
average full-year 2023 realized pricing2
■ Updated net sales split reflects updated market pricing;
no change to contracts or volumes
AAlbemarle
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