Albemarle's Low-Cost Lithium Resources Should Benefit From Rising EV Sales and Price Recovery

Albemarle is one of the world's largest producers of lithium, which generates the majority of total profits. It produces lithium through its own salt brine assets in Chile and the United States and two joint venture interests in Australian mines, Talison (Greenbushes) and Wodgina. The Chilean operation is among the world's lowest-cost sources of lithium. Talison is one of the best spodumene resources in the world, which allows Albemarle to be one of the lowest-cost lithium hydroxide producers as spodumene can be converted directly into hydroxide. Wodgina is another high-quality spodumene asset that provides Albemarle with a third low-cost resource, though not as high quality as Talison's. Albemarle also owns resources in the U.S. and Argentina that are still in the early development phase, which should allow it to boost its lithium volumes through the development of new projects.