Albemarle Growth and Economic Outlook
Jan
2
Feb
4
6
Mar
Apr
May
Jun
լոՐ
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10
Increasing Our Lithium Market Demand Outlook: 5x Growth by 2030
Cumulative Sales by Year¹
(M units)
2022 vs. 2021:
+64%
Global EV
Production /
Market Penetration²
2022-2027
CAGR: 25-30%
Lithium Demand
ALB Projections³
(MMt LCE)
Aug
Sep
Oct
Nov
Dec
2019
18%
14%
25.7
3%
15.7
11.2
2.5
2022E
2023E
2025E
2030E
1 Marklines data as of 01/25/2023 2 S&P Global Mobility, Global Production based Alternative Propulsion Forecast, November 2022 3 Albemarle analysis
4.0
48%
3.5
3.0
46.9
1.8MMt
28%
2.5
2025
2019
0.5
1.0
1.5
2.0
3.7MMt
2030
2019
2021
2020
2022
EV production (M)
EV penetration (%)
2020
-2021
-2022
-2023
EV
Grid
Mobility
Consumer Electronics
Industrial
Inventory Change
2030E lithium demand of 3.7MMt LCE +15% from previous forecast due to IRA and strong EV demand
2021
2023
2025
2027
2029
2022E
1.2MMt
0.8MMt
2023E
2025E
AAlbemarle
23
2030E
1.8MMt
by Application³
(MMt LCE)
2022-2027
CAGR: 25-30%
3.7MMtView entire presentation