Q2 2023 Performance Overview

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, Materials/Services Nearly 20% is company-owned spodumene Other major inputs include BPA, chlorine, molybdenum, caustic soda, soda ash ■ Other services includes warehousing 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% ALB pays $0.40 to CORFO Energy/ Freight Includes natural gas and utilities Notable increases in freight, continued supply chain issues Royalties 15% Energy/Freight 5% Labor (incl GSA) Labor 15% Increasing headcount to prepare for long-term growth, plus inflation impacts Other Depreciation Other standard cost components Other 10% Materials / Services 55% 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% • 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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