Q2 2023 Performance Overview

Contract Pricing Reflects Changes in Lithium Market Prices Energy Storage Net Sales1 (by Contract Type) Spot ~20% Purchase order-based price negotiations, heavily influenced by index 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 Assuming a +$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 Variable Index-referenced, variable- priced (typically 3-month lag, some with floors and ceilings, specifics vary by contract) ~80% 2023E 1 As of June 30, 2023; excludes technical grade spodumene and by-product net sales 2 Assumes prevailing market pricing and Albemarle contract book as of June 30, 2023 ALBEMARLE 28 28

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