Albemarle — Feb 12, 2025 release

“As we look ahead, we expect dynamic market conditions to persist but remain confident in our ability to deliver value to stakeholders by increasing our financial flexibility, strengthening our core capabilities and positioning Albemarle for future growth.” Broad Actions Executed and Underway to Maintain Long-Term Competitiveness In 2024 and continuing into 2025, Albemarle has rapidly adjusted to market realities with steps that enhance our resilience, including: • Optimizing conversion network: achieved record production in the fourth quarter at La Negra and Meishan lithium conversion plants; announcing today plans to place Chengdu site into care and maintenance by mid-2025 and to shift a portion of Qinzhou production from hydroxide to carbonate • Improving costs and efficiency: streamlined organizational structure; achieved at year-end over 50% run-rate relative to the $300-400 million cost and productivity improvement target • Reducing capital expenditures: proactively re-phased growth investments; reduced 2024 capex by over $450 million year-over-year and plan to significantly reduce further in 2025 • Enhancing financial flexibility: pursued multiple cash generation steps and proactively amended credit agreement to fortify balance sheet and navigate near-term dynamics 1 Fourth Quarter 2024 Results In millions, except per share amounts Q4 2024 Q4 2023 $ Change % Change Net sales $ 1,231.7  $ 2,356.2  $ (1,124.5) (47.7) % Net income (loss) attributable to Albemarle Corporation $ 75.3  $ (617.7) $ 693.0  (112.2) % Adjusted EBITDA (a)(b) $ 250.7  $ (134.9) $ 385.6  (285.8) % Diluted earnings (loss) per share attributable to common shareholders $ 0.29  $ (5.26) $ 5.55  (105.5) %    Non-operating pension and OPEB items (a) (0.07) (0.07)    Non-recurring and other unusual items (a) (1.31) 0.14  Adjusted loss earnings per share attributable to