Brief: Albemarle CEO: Lithium Demand Continues to Remain Strong

Albemarle

07/05/2026 13:53

May 7 (Reuters) - Albemarle Corp ALB.N:

ALBEMARLE CEO KENT MASTERS: CONTINUE TO SEE STRONG END MARKET DEMAND FOR LITHIUM

ALBEMARLE: EXPECTING HIGHER 2026 COSTS OF $70 MILLION TO $90 MILLION TIED TO MIDDLE EAST CONFLICT

ALBEMARLE: OFFSET HIGHER COSTS WITH LOWER INTEREST RATES, RISING PRODUCT PRICES AND VOLUMES

ALBEMARLE CEO: GLOBAL LITHIUM CONSUMPTION UP 37% THIS YEAR

ALBEMARLE CEO: EXPECT LITHIUM DEMAND TO BE RESILIENT DURING MIDDLE EAST CONFLICT

ALBEMARLE CEO: 'STRONG GROWTH' IN ENERGY STORAGE MARKET 'MORE THAN COMPENSATED' FOR WEEK EV SALES VOLUMES IN Q1

ALBEMARLE CEO: STARTED PERMITTING PROCESS FOR COMMERCIAL DIRECT LITHIUM EXTRACTION PLANT IN CHILE

ALBEMARLE CEO: PLANNING UP TO SIX DLE TRAINS IN CHILE, WOULD BRING ONLINE IN PHASES AS MARKET DICTATES

ALBEMARLE CEO: 'CONFIDENT' ABOUT STRATEGIC VALUE OF KINGS MOUNTAIN LITHIUM PROJECT IN NORTH CAROLINA

ALBEMARLE CEO: ENERGY SECURITY AND GRID RESILIENCY IS ONE OF THE BIGGEST GLOBAL DRIVERS FOR LITHIUM DEMAND

ALBEMARLE: BATTERY CUSTOMERS HAVE FULL ORDER BOOKS THROUGH BEGINNING OF 2027

ALBEMARLE: INCREASED COSTS LARGELY DUE TO RISING SULFURIC ACID PRICES DURING MIDDLE EAST CONFLICT

ALBEMARLE: USES SULFURIC ACID FOR SPODUMENE PROCESSING

ALBEMARLE CEO: NOT HAPPY WITH SAFETY PLANS AT AUSTRALIA'S GREENBUSHES LITHIUM MINE, HAVE RELAYED THAT TO JOINT VENTURE PARTNERS

ALBEMARLE CEO: NOT EXPECTING 'HUGE SUPPLY RESPONSE' TO RECENT INCREASE IN LITHIUM PRICES

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 (Reporting By Ernest Scheyder)

 ((ernest.scheyder@thomsonreuters.com;))