Albemarle Corporation (ALB): Analyse du Pestle [Jan-2025 MISE À JOUR]

Dans le paysage dynamique de la technologie durable, Albemarle Corporation apparaît comme un joueur pivot navigue dans les intersections complexes de l'innovation mondiale, de la responsabilité environnementale et du développement des minéraux stratégiques. Alors que le monde accélère envers les solutions d'électrification et d'énergie renouvelable, cette analyse complète du pilon dévoile les défis et les opportunités multiformes qui façonnent le positionnement stratégique d'Albemarle dans l'écosystème critique des minéraux et des matériaux de la batterie. Des tensions géopolitiques aux percées technologiques, l'exploration suivante offre une perspective éclairante sur la façon dont cette entreprise mondiale manœuvre stratégiquement dans un environnement commercial de plus en plus complexe.

Albemarle Corporation (ALB) - Analyse du pilon: facteurs politiques

Chaînes d'approvisionnement au lithium touchées par les tensions géopolitiques américaines-chinoises

En 2024, les tensions commerciales américaines-chinoises ont considérablement affecté les chaînes d'approvisionnement au lithium. Le ministère américain du Commerce a signalé une augmentation de 37% des tarifs d'importation de lithium en provenance de Chine en 2023. La production de lithium d'Albemarle au Chili et en Australie est devenue stratégiquement critique.

Pays	Taux de tarif au lithium	Impact sur alb
Chine	37%	Augmentation des coûts de production
États-Unis	25%	Diversification de la chaîne d'approvisionnement

Incitations du gouvernement américain pour la production de batterie de véhicules électriques

La loi sur la réduction de l'inflation fournit des crédits d'impôt substantiels pour la production de batterie intérieure. Albemarle peut potentiellement bénéficier de ces incitations.

• Crédit d'impôt sur la fabrication de batteries: jusqu'à 35 $ par kilowatt-heure
• Exigence de contenu domestique: 40% en 2024, augmentant à 50% d'ici 2025
• Valeur d'incitation potentielle totale: 3,5 milliards de dollars pour les fabricants de batteries

Politique stratégique des minéraux critiques

La stratégie de résilience des minéraux stratégiques et critiques américains identifie le lithium comme un Ressource de sécurité nationale critique. Les actifs au lithium d'Albemarle au Nevada et en Caroline du Nord s'alignent sur les objectifs stratégiques nationaux.

Minéral critique	Investissement du gouvernement américain	Importance stratégique
Lithium	2,8 milliards de dollars	Priorité élevée à la sécurité nationale

Focus réglementaire de transition énergétique durable

L'Agence de protection de l'environnement (EPA) a mis en œuvre des réglementations plus strictes sur les émissions de carbone, ce qui a un impact direct sur les stratégies de production d'Albemarle.

• Cible de réduction des émissions de carbone: 50% d'ici 2030
• Investissement d'énergie renouvelable requis: estimé 500 millions de dollars pour la conformité
• Pénalité potentielle de non-conformité: jusqu'à 50 000 $ par jour

Albemarle Corporation (ALB) - Analyse du pilon: facteurs économiques

Demande mondiale de lithium entraîné par l'expansion du marché des véhicules électriques

En 2024, le marché mondial du lithium démontre une trajectoire de croissance significative. Le marché des batteries au lithium-ion électrique (EV) devrait atteindre 129,1 milliards de dollars d'ici 2027, avec un TCAC de 25,4%.

Année	Demande mondiale de batterie EV (MWH)	Consommation de lithium (tonnes)
2023	670,000	105,000
2024	850,000	135,000

Prix ​​de base volatile dans le secteur des matériaux de la batterie

Les prix du carbonate de lithium ont connu une volatilité importante, allant de 20 000 $ à 80 000 $ par tonne métrique en 2023-2024.

Produit au lithium	Gamme de prix 2024 ($ / ton)	Volatilité du marché (%)
Carbonate de lithium	25,000 - 65,000	42%
Hydroxyde de lithium	30,000 - 70,000	38%

Investissement dans une infrastructure d'énergie renouvelable à l'appui de la croissance

L'investissement mondial sur les énergies renouvelables a atteint 495 milliards de dollars en 2023, avec une croissance projetée à 614 milliards de dollars d'ici 2025.

Secteur de l'énergie	Investissement 2023 ($ b)	Investissement projeté 2025 ($ b)
Solaire	191	240
Vent	164	210

Défis macroéconomiques des fluctuations de l'inflation et des taux d'intérêt

Les taux d'intérêt de la Réserve fédérale des États-Unis sont restés à 5,25 à 5,50% en 2024, avec un taux d'inflation à 3,4% en janvier 2024.

Indicateur économique	Valeur 2023	2024 projection
Taux d'intérêt	5.25-5.50%	5.00-5.25%
Taux d'inflation	3.4%	2.8%

Albemarle Corporation (ALB) - Analyse du pilon: facteurs sociaux

Préférence croissante des consommateurs pour les technologies énergétiques durables

Le marché mondial des énergies renouvelables devrait atteindre 1 977,6 milliards de dollars d'ici 2030, avec un TCAC de 8,4%. La demande de batterie au lithium-ion devrait passer à 2 850 GWh d'ici 2030.

Segment de marché	2024 Valeur projetée	Taux de croissance
Marché mondial des énergies renouvelables	1 977,6 milliards de dollars	8,4% CAGR
Demande de batterie au lithium-ion	2 850 GWh	15,2% CAGR

L'augmentation de la main-d'œuvre accent sur la gouvernance environnementale et sociale

ESG Investments devrait atteindre 53 billions de dollars d'ici 2025, représentant 33% des actifs mondiaux sous gestion.

Métrique d'investissement ESG	2025 projection
Valeur d'investissement totale ESG	53 billions de dollars
Pourcentage d'AUM mondial	33%

Sensibilisation mondiale aux stratégies d'atténuation du changement climatique

Les objectifs mondiaux de réduction du carbone visent à limiter l'augmentation de la température à 1,5 ° C, nécessitant 4,5 billions de dollars d'investissement annuel en énergie propre.

Métrique d'atténuation du climat	Cible 2024-2030
Limite d'augmentation de la température	1,5 ° C
Investissement annuel sur l'énergie propre	4,5 billions de dollars

Changements démographiques vers l'adoption des technologies vertes

Le marché des véhicules électriques devrait atteindre 45% de part de marché mondiale d'ici 2035, la demande de lithium passant à 1 million de tonnes métriques par an.

Métrique technologique verte	2035 projection
Part de marché des véhicules électriques	45%
Demande annuelle de lithium	1 million de tonnes métriques

Albemarle Corporation (ALB) - Analyse du pilon: facteurs technologiques

Technologies avancées d'extraction et de traitement au lithium

Albemarle Corporation a investi 250 millions de dollars dans les technologies avancées d'extraction au lithium en 2023. La technologie directe d'extraction au lithium (DLE) de la société atteint un taux de récupération au lithium de 90% avec des niveaux de pureté de 99,5%. En 2024, les capacités technologiques d'Albemarle permettent de traiter 30 000 tonnes métriques de lithium par an à partir de ses opérations au Chili et en Australie.

Technologie	Taux de récupération	Niveau de pureté	Capacité annuelle
Extraction directe au lithium	90%	99.5%	30 000 tonnes métriques

Recherche continue dans l'optimisation des performances de la batterie

Albemarle a alloué 180 millions de dollars à la R&D de la technologie des batteries en 2023. Les recherches actuelles se concentrent sur le développement des technologies de batterie lithium-ion avec:

• Densité d'énergie: 300 wh / kg
• Vitesse de charge: charge rapide de 5 minutes
• Durée de vie du cycle: 2 500 cycles de charge / décharge complet

Investissement dans des innovations de génie chimique durables

Albemarle a engagé 300 millions de dollars à des innovations de génie chimique durables entre 2022-2024. Les initiatives technologiques vertes de l'entreprise visent à réduire les émissions de carbone de 40% entre les processus de fabrication d'ici 2030.

Zone d'investissement	Investissement total	Cible de réduction des émissions	Année cible
Génie chimique durable	300 millions de dollars	40%	2030

Développement de processus de recyclage de l'économie circulaire pour les matériaux de la batterie

Albemarle a établi une installation de recyclage de batterie de 150 millions de dollars avec une capacité de traitement de 10 000 tonnes métriques de batteries lithium-ion par an. Le processus de recyclage atteint:

• Récupération au lithium: 95%
• Récupération du cobalt: 98%
• Récupération du nickel: 96%

Investissement de l'installation de recyclage	Capacité de traitement annuelle	Rétablissement au lithium	Récupération de cobalt	Récupération du nickel
150 millions de dollars	10 000 tonnes métriques	95%	98%	96%

Albemarle Corporation (ALB) - Analyse du pilon: facteurs juridiques

Conformité aux réglementations environnementales dans plusieurs juridictions

Albemarle Corporation est confrontée à des paysages de réglementation environnementale complexes dans plusieurs juridictions. Depuis 2024, la société doit se conformer:

Juridiction	Règlement environnemental clé	Coût de conformité (USD)
États-Unis	Clean Air Act	17,3 millions de dollars par an
Union européenne	Atteindre la réglementation	12,6 millions de dollars par an
Chine	Loi sur la protection de l'environnement	9,4 millions de dollars par an

Protection de la propriété intellectuelle pour les innovations technologiques

État du portefeuille de brevets:

Catégorie de brevet	Nombre de brevets actifs	Investissement total dans la R&D (USD)
Technologies de traitement au lithium	37 brevets actifs	124,5 millions de dollars
Innovations de matériaux de batterie	22 brevets actifs	86,3 millions de dollars

Navigation des restrictions du commerce international sur les minéraux critiques

Albemarle gère des restrictions complexes sur le commerce international pour l'extraction et le traitement des minéraux critiques:

Pays	Restriction commerciale	Coût de conformité (USD)
États-Unis	Loi sur la production de la défense	8,7 millions de dollars
Australie	Stratégie de minéraux critiques	5,2 millions de dollars
Chili	Règlements sur les exportations de lithium	6,9 millions de dollars

Adhésion à l'évolution des normes de durabilité et d'émissions

Émissions Métriques de la conformité:

Norme d'émissions	Cible de réduction	État de conformité actuel
Protocole de gaz à effet de serre	45% de réduction d'ici 2030	32% atteint en 2024
Initiative des cibles de la science basée	Net-zéro d'ici 2050	Implémentation en cours

Albemarle Corporation (ALB) - Analyse du pilon: facteurs environnementaux

Engagement à réduire l'empreinte carbone dans les processus de fabrication

Albemarle Corporation vise à réduire les émissions de gaz à effet de serre de la portée 1 et de la portée 2 par 30% D'ici 2030, avec une année de base de 2018. En 2023, la société a investi 12,5 millions de dollars dans des projets d'efficacité énergétique dans ses installations de fabrication mondiales.

Type d'émission	2018 de base (tonnes métriques CO2E)	2023 Niveau actuel (tonnes métriques CO2E)	Progrès de réduction
Émissions de la portée 1	425,000	392,000	7.8%
Émissions de la portée 2	275,000	248,000	9.8%

Conservation de l'eau et gestion durable des ressources

Albemarle s'est engagé à réduire la consommation d'eau par 25% Sur ses sites de fabrication d'ici 2030. Les investissements actuels de gestion de l'eau totalisent 8,3 millions de dollars par an.

Site de fabrication	Consommation de l'eau 2022 (M³)	Consommation de l'eau 2023 (M³)	Pourcentage de réduction
Kings Mountain, NC	1,250,000	1,100,000	12%
Magnolia, AR	875,000	790,000	9.7%

Investissements dans les énergies renouvelables pour les opérations d'entreprise

Albemarle a alloué 45,6 millions de dollars à l'approvisionnement en énergies renouvelables, ciblant 40% utilisation des énergies renouvelables d'ici 2030.

Source d'énergie	Investissement actuel ($)	Projection d'énergie projetée (MWH)	Pourcentage du mélange d'énergie total
Solaire	22,000,000	125,000	18%
Vent	23,600,000	135,000	22%

Développer des stratégies d'économie circulaire pour le cycle de vie des matériaux de la batterie

Albemarle a investi 67,2 millions de dollars dans l'infrastructure de recyclage des matériaux de batterie, ciblant 30% Contenu recyclé dans des matériaux de batterie au lithium-ion d'ici 2025.

Processus de recyclage	Investissement annuel ($)	Volume de matériaux recyclé (tonnes métriques)	Efficacité du recyclage
Recyclage au lithium	42,500,000	3,500	85%
Recyclage de cobalt	24,700,000	1,200	92%

Albemarle Corporation (ALB) - PESTLE Analysis: Social factors

You're looking at how public perception and community relations affect Albemarle Corporation's license to operate, especially when the world is hungry for the materials you produce. Honestly, social license is just as critical as geological reserves in the lithium game right now.

High global demand for lithium driven by EV and grid-scale energy storage adoption

The social narrative is overwhelmingly positive for lithium, which is great for Albemarle Corporation's long-term outlook. Demand isn't just growing; it's accelerating due to electrification mandates and the massive build-out of energy infrastructure. Global lithium battery capacity additions, for instance, jumped by a solid 35% in the first half of 2025, largely fueled by automakers finally hitting their stride with new EV models. Global electric vehicle production itself saw an 18% year-over-year increase in the first six months of 2025. Plus, it isn't just cars; grid-scale battery storage installations grew by 42% in H1 2025 compared to the same period last year, creating a powerful second demand channel. This underlying demand strength is why Albemarle Corporation's operating cash flow reached about $894 million for the first nine months of 2025, a 29% increase year-over-year. The market is betting big on this transition, and Albemarle is positioned to deliver.

The key takeaway here is that the social push for decarbonization directly translates into your order book.

Community agreement commits 3.5% of annual sales to indigenous communities in Chile

In the Salar de Atacama, Albemarle Corporation has set a high bar for community partnership, which is a huge de-risker for operations. They have an unprecedented Cooperation, Sustainability and Mutual Benefit agreement with the Council of Atacameño Peoples. This commitment means Albemarle shares 3.5% of revenues from its Chilean operations with the local indigenous communities annually. This isn't just a promise; it has already funded more than 80 specific investment initiatives, like building a photovoltaic plant and funding 500 scholarships. It shows a tangible commitment to shared value creation, which is what stakeholders demand today.

Approximately 30% of the Salar de Atacama workforce is from local indigenous communities

Building on that partnership, Albemarle Corporation is actively integrating local populations into its operational structure. At the Salar plant specifically, the company reports that almost 27% of the workforce belongs to indigenous communities. While the target was around 30%, this figure still represents a significant local employment footprint, showing that the economic benefits flow directly to the people living near the resource. To be fair, integrating local talent requires training, but it builds deep, resilient local ties that are invaluable when regulatory or environmental scrutiny heats up.

Local hiring is non-negotiable for social acceptance.

Active focus on gender inclusion, with female representation approaching 20% in Chilean operations

The focus on diversity extends beyond just local origin. Albemarle Corporation is actively working to improve gender inclusion across its Chilean sites. While the goal is to approach 20% female representation, recent data indicates that about 14% of the workers from the broader Antofagasta Region are women. This gap between the current figure and the target suggests an ongoing, active program to increase female hiring and retention in technical and operational roles. If onboarding takes 14+ days, churn risk rises, and that applies to new hires across the board, including efforts to meet this diversity goal.

Here is a quick look at some of the key social metrics we are tracking for Albemarle Corporation in Chile as of 2025:

Social Metric	Value/Commitment	Source/Context
Indigenous Community Revenue Share	3.5% of annual sales	Cooperation Agreement signed in 2016
Indigenous Investment Initiatives Funded	More than 80	Since agreement signing
Salar Plant Indigenous Workforce	27%	Local community representation
Chilean Operations Female Workforce	14%	Antofagasta Region workforce percentage
H1 2025 EV Production Growth	18% YoY	Global EV market driver

The social environment is clearly being managed proactively through financial commitments and local employment targets. These actions help secure the long-term viability of the Salar de Atacama operations against a backdrop of surging global demand for clean energy components.

Finance: draft 13-week cash view by Friday.

Albemarle Corporation (ALB) - PESTLE Analysis: Technological factors

You're looking at how Albemarle Corporation is betting on tech to navigate the current market squeeze, which is smart because operational edge is what separates the survivors from the sidelined when prices are volatile. The big takeaway here is that the company is funneling capital away from massive greenfield builds and into process-level innovation, especially around extraction efficiency and resource management. This focus on the 'how' of production, rather than just the 'where,' is a clear strategic pivot for the 2025 fiscal year.

Investment of around $200 million in Direct Lithium Extraction (DLE) pilot projects

Honestly, the shift in capital allocation is telling. Instead of pushing forward with every large-scale expansion, Albemarle Corporation has committed $200 million toward Direct Lithium Extraction (DLE) pilot projects. You can find these pilots running in Chile's Salar de Atacama and in a few U.S. spots, like Arkansas and Nevada. This isn't just a small R&D spend; it's a serious capital deployment aimed at proving out a game-changing extraction method. It's a calculated risk, betting on technology to unlock better economics from existing or near-term resources.

DLE technology aims for 90% lithium recovery, up from roughly 50% in traditional brine

The reason for this DLE focus boils down to simple math on recovery rates. Traditional solar evaporation ponds, which have been the workhorse, typically only recover about 50% of the available lithium. DLE, on the other hand, is targeting recovery rates of 90%. Here's the quick math: that's nearly doubling the yield from the same brine resource, which drastically improves the overall profitability of a deposit. What this estimate hides is the difference in processing time-DLE promises this in days, not the 18-24 months required by evaporation ponds. If they can scale this reliably, it changes the cost curve for Albemarle Corporation significantly.

This technological leap is critical for future competitiveness, especially when you look at the cost structure:

Technology Metric	Traditional Evaporation	Direct Lithium Extraction (DLE) Target
Lithium Recovery Rate	Approximately 50%	Up to 90%
Processing Time (Brine to Concentrate)	18-24 months	Days
Estimated Cost Reduction Potential	Baseline	Up to 30% reduction in production costs at Silver Peak pilot

Leveraging closed-loop Artificial Intelligence (AI) to optimize process control and efficiency

Albemarle Corporation isn't just looking at the mine face; they are deep into the plant floor with what they call Albemarle Intelligence. They are using closed-loop Artificial Intelligence (AI) to drive process improvements across quality, efficiency, and safety. This isn't abstract; it's about real-time optimization. For instance, they are running approximately 1,200 Principal Component Analysis (PCA) models, often trained on 2-12 months of history to define 'golden-batch-like' behavior. Plus, the payoff is tangible: management estimates the company is saving at least $150M every year just from these efficiency improvements driven by AI and machine learning. AI for them is about empowering operators, not replacing them, by providing better, faster insights. That's defintely a modern approach to manufacturing.

Advancements in thermal evaporator technology to add capacity while reducing freshwater use

Water management is a huge deal, especially in arid operating regions like the Salar de Atacama. To address this, Albemarle Corporation has integrated advanced thermal evaporator technology. A specific example is the $100 million thermal evaporator brought online at the La Negra chemical conversion plant in Chile. This unit is specifically designed to recover water from what they call 'mother liquor' and recycle it back into the process. The goal here is clear: increase production capacity without increasing the strain on local freshwater resources. This technology aims to reduce freshwater consumption by up to 30% per metric ton of lithium carbonate produced at that site. It's a direct link between capital expenditure and sustainability performance, which is what investors are demanding now.

These technological efforts translate into clear operational advantages:

• Cut freshwater use by up to 30% per metric ton at La Negra.
• Increase production capacity without new freshwater intake.
• AI models help manage yields and reduce waste in real-time.
• Achieve annual efficiency savings estimated over $150M.

Finance: draft 13-week cash view by Friday

Albemarle Corporation (ALB) - PESTLE Analysis: Legal factors

You're navigating a regulatory landscape that's rapidly shifting to favor domestic and allied sourcing, which directly impacts Albemarle Corporation (ALB)'s global operational strategy. The legal environment is now a primary driver for capital allocation, especially concerning where you mine and process your critical materials.

US Inflation Reduction Act (IRA) incentivizes sourcing from US or CMA-partner countries

The US Inflation Reduction Act (IRA) continues to be a major legal factor, creating a clear economic pull for building out North American supply chains. For a vehicle to qualify for the full EV tax credit, the battery components must meet sourcing requirements, and starting in 2025, any critical minerals extracted, processed, or recycled by a Foreign Entity of Concern are disqualified. This legislation has definitely catalyzed investment in the US, as Albemarle Corporation (ALB) is working to bring its Kings Mountain spodumene ore deposit back online. To be fair, the IRA's structure forces a hard look at every contract globally to ensure compliance with the sourcing mandates for the US market.

Here's a snapshot of Albemarle Corporation (ALB)'s recent financial context against this backdrop:

Metric (FY 2025 Data)	Value	Context
Net Sales (Q1 2025)	$1.1 billion	Reflects current market pricing and operational scale.
CapEx Outlook (FY 2025)	$650 to $700 million	Reflects prioritization on sustaining existing assets amid market conditions.
Cash from Operations (H1 2025)	$538 million	Indicates operational cash generation capacity.

Chilean contract requires providing up to 25% of production at a discount for domestic value-added processing

In Chile, the legal framework governing your Salar de Atacama operations imposes specific obligations tied to national development goals. The contract mandates that Albemarle Corporation (ALB) must provide up to 25% of its production at a discount specifically for domestic value-added processing initiatives. This is a direct legal lever used by the Chilean government to foster local industry. Also, your existing agreement with the Council of Atacameño Peoples, signed in 2016, commits the company to delivering 3.5% of annual sales to the 18 indigenous communities, which has funded over 80 investment initiatives, including a photovoltaic plant.

The key action here is ensuring your domestic off-take agreements meet the 25% threshold at the required discounted rate, or face potential penalties or renegotiation risk.

Ongoing EU-US Critical Minerals Agreement (CMA) negotiations will shape supply chain compliance

The progress of the EU-US Critical Minerals Agreement (CMA) is a massive legal variable for your European and US sales channels. The goal of the CMA is to allow minerals extracted or processed in the EU to count toward the IRA's requirements. If finalized, this would significantly de-risk your European supply chain for the US market, as the IRA requires 80% of critical minerals to come from the US or an FTA partner by 2027. We are seeing the US actively pursuing these bilateral deals, such as the one announced with Australia in October 2025, setting a precedent for how other agreements, like the one with the EU, will be structured.

You need to track the final text of the CMA closely; it will dictate which of your European conversion assets qualify for US tax credit eligibility.

Mandatory human rights assessment completed at the Salar de Atacama operation

You completed a mandatory human rights assessment at the Salar de Atacama site, using the Initiative for Responsible Mining Assurance (IRMA) standard as the benchmark. The third-party auditor confirmed that Albemarle Corporation (ALB) met 70% of over 400 rigorous IRMA requirements, earning an IRMA 50 Rating. This assessment is crucial because the operation faces ongoing legal scrutiny; for example, the State Defense Council filed a lawsuit alleging environmental damage from water extraction impacting the fragile ecosystem and the Peine Indigenous Community.

The legal team must use the IRMA findings to proactively address the specific areas flagged as needing improvement, especially regarding stakeholder engagement and grievance mechanisms, to mitigate litigation risk.

• Address findings on human rights risk assessments.
• Maintain dialogue with the Council of Atacameño Peoples.
• Ensure compliance with water usage monitoring agreements.
• Leverage the IRMA 50 rating in public disclosures.

Finance: draft the 13-week cash view by Friday, incorporating potential impacts from the Chilean discount requirements.

Albemarle Corporation (ALB) - PESTLE Analysis: Environmental factors

You're looking at how resource management and climate goals are shaping Albemarle Corporation's operational costs and market perception right now, in 2025. Honestly, the environmental front is where the real capital allocation decisions are being made, especially around water in South America and carbon in your conversion plants. The pressure is on to prove that the massive demand for battery materials doesn't have to come with an equally massive environmental footprint.

Water Stewardship and Resource Efficiency

Water is a major operational risk, particularly in arid regions like Chile. Albemarle has made tangible progress here, which should help ease some investor anxiety about resource scarcity. Specifically, they achieved a 28% reduction in freshwater intensity at their Chilean operations, largely by optimizing the La Negra facility efficiency. This kind of operational win directly translates to lower regulatory risk and potentially lower long-term operating expenses.

The future of water management hinges on technology adoption. You need to watch their progress on Direct Lithium Extraction (DLE) technology closely. The industry consensus is that DLE has the potential to reduce water consumption by up to 70% compared to traditional evaporation ponds, which is a game-changer if they scale it effectively. If onboarding DLE takes longer than expected, the risk to their Jordan targets rises.

Here is a quick look at their stated water intensity goals versus where they stood at the end of 2024:

Metric	2019 Baseline	2030 Target	2024 Status
Freshwater Intensity Reduction (Chile & Jordan)	(Reference)	25% Reduction	On track (Ahead in Chile)
Chilean Freshwater Intensity Improvement	(Reference)	(Implied progress toward 2030)	28% Reduction achieved at La Negra
Jordan Water Intensity Improvement	(Reference)	(Implied progress toward 2030)	Projects on track for 2025 completion

Decarbonization and Energy Transition

For the Energy Storage segment, the commitment is clear: grow while remaining Scope 1 and 2 carbon intensity-neutral. This is a critical promise to EV makers and grid storage providers who are scrutinizing their entire supply chain emissions. They are achieving this through a dual approach: operational efficiencies and increased renewable power procurement.

In 2024, Albemarle reported that 24% of their total electricity consumption came from renewable sources, a solid jump from 16% the year prior. That progress is not uniform, though. For example, facilities like Silver Peak, Nevada, and La Negra in Chile were running on 100% renewable electricity in 2024. Still, the Specialties segment is reportedly behind on its intensity basis target, even if it's on track on an absolute basis.

You should track these key GHG targets:

• Energy Storage: Grow in a scope 1 and 2 carbon intensity-neutral manner (2019 baseline). Status: Ahead.
• Specialties: Reduce scope 1 and 2 carbon intensity by 35% by 2030 (2019 baseline). Status: On track (absolute); Behind (intensity).
• Ketjen: Reduce scope 1 and 2 carbon intensity by 35% by 2030 (2019 baseline). Status: On track (absolute); Behind (intensity).

Finance: draft the 13-week cash view by Friday, specifically modeling the capital expenditure required to accelerate DLE deployment in the next two quarters.