Albemarle Corp (NYSE: ALB-PA)

Albemarle Corporation is a world leader in transforming essential resources into critical ingredients for mobility energy connectivity and health. The company’s purpose is to enable a more resilient world by partnering to pioneer new ways to move power connect and protect. Albemarle serves end markets that include grid storage automotive aerospace conventional energy electronics construction agriculture and food pharmaceuticals and medical devices. It operates more than twenty five production and research and development facilities worldwide and maintains administrative and sales offices in many regions. As of December 31 2025 Albemarle served approximately nineteen hundred customers in about seventy countries.

Albemarle generates revenue primarily through the sale of lithium compounds bromine specialty chemicals and catalyst products. In its Energy Storage segment it sells lithium carbonate lithium hydroxide and lithium chloride for use in batteries power grids solar panels greases and specialty glass. The Specialties segment offers brominated fire safety compounds lithium specialties for pharmaceuticals bromine specialties for food and water safety and value added lithium products such as butyllithium and lithium aluminum hydride. The Ketjen segment provides hydroprocessing catalysts fluidized catalytic cracking catalysts additives and performance catalyst solutions including organometallics and curatives. The company also earns revenue from technical services recycling services and licensing of its intellectual property.

The company operates through the following three reportable segments: Energy Storage Specialties and Ketjen.

• Energy Storage develops and manufactures basic lithium compounds including lithium carbonate lithium hydroxide and lithium chloride. These materials are used in lithium batteries for consumer electronics and electric vehicles in power grid storage and solar panels in high performance greases and in specialty glass for appliances and electronics. The segment sources lithium from its 49 percent owned joint venture Windfield Holdings Pty Ltd which controls the Talison Lithium mine in Australia from its 50 percent owned MARBL Lithium Joint Venture which holds the Wodgina hard rock lithium mine project in Western Australia and from solar evaporation ponds at the Salar de Atacama in Chile and at Silver Peak in Nevada. Additional lithium resources are held in Kings Mountain North Carolina and in Antofalla within the Catamarca Province of Argentina. Major competitors in the lithium market include Sociedad Quimica y Minera de Chile S A Sichuan Tianqi Lithium Jiangxi Ganfeng Lithium Rio Tinto plc Pilbara Minerals Tesla and numerous Chinese firms. Competition is based on index linked pricing product quality product diversity reliability of supply and customer service.

• Specialties optimizes a portfolio of bromine and highly specialized lithium solutions for energy mobility connectivity and health markets. The segment supplies brominated fire safety compounds that enable plastics to meet high heat performance requirements in electronics printed circuit boards wire and cable textiles and foam insulation. Lithium specialties act as precursors for many pharmaceuticals while bromine specialties help ensure safer food and water supplies. Other bromine based products include elemental bromine alkyl bromides inorganic bromides brominated powdered activated carbon and various bromine fine chemicals. Value added lithium specialties comprise butyllithium lithium aluminum hydride and the segment also produces cesium products and zirconium barium titanium materials for pyrotechnical applications such as airbag initiators. Technical services include handling of reactive lithium products and recycling of lithium byproducts from synthesis. Bromine is sourced from Arkansas brine rights and through a 50 percent interest in Jordan Bromine Company Limited which extracts bromine from the Dead Sea. Lithium concentrate for specialties comes from the same sources as the Energy Storage segment. Key competitors are Lanxess AG Israel Chemicals Ltd Rio Tinto and producers in India and China. Competition hinges on product performance quality price contract terms research and development process improvements specialized customer services ability to attract skilled personnel and safety record.

• Ketjen encompasses three product lines Clean Fuels Technologies fluidized catalytic cracking catalysts and performance catalyst solutions. Clean Fuels Technologies provides hydroprocessing catalysts together with isomerization and alkylation catalysts that remove sulfur nitrogen and other impurities from oil fractions improve product properties and support downstream processes. Fluidized catalytic cracking catalysts assist in high yield cracking of refinery petroleum streams into transportation fuels and petrochemical feedstocks such as propylene while additives reduce sulfur dioxide and nitrogen oxide emissions increase liquefied petroleum gas olefins yield and boost octane in gasoline. Performance catalyst solutions include organometallic co catalysts such as aluminum magnesium and zinc alkyls used to make alpha olefins polyolefins and electronic materials and curatives that cure polyurethanes epoxies and engineered resins. Raw materials for Ketjen operations consist of sodium silicate sodium aluminate kaolin aluminum ethylene alpha olefins isobutylene toluene and metals including lanthanum molybdenum nickel cobalt sourced from numerous independent suppliers under competitive contracts. Major competitors are Shell Catalysts & Technologies Advanced Refining Technologies Haldor Topsoe in the CFT market W R Grace & Co and BASF Corporation in the FCC market and Nouryon Lanxess AG and Arxada in the PCS market. Competition is driven by product performance quality price contract terms research and development process improvements specialized customer services technical support and safety record. Following the announced divestiture of Ketjen’s Refining Solutions business to ChemCat AcquisitionCo LLC and the sale of its 50 percent interest in Eurecat S A to Axens SA the company will retain the PCS business and a 49 percent interest in the resulting Holdco partnership.

Albemarle holds a leading position in the global lithium bromine and catalysts industries due to its world class resource base reliable supply chain leading process chemistry and high impact innovation. The company differentiates itself through customer centricity and a strong focus on people and planet which supports long term relationships with industrial clients. Its extensive footprint of more than twenty five production and R&D facilities across the Americas Asia Pacific Europe and the Middle East enables it to serve customers swiftly and consistently. Albemarle competes with firms such as Sociedad Quimica y Minera de Chile S A Lanxess AG Israel Chemicals Ltd Rio Tinto plc W R Grace & Co BASF Corporation Shell Catalysts & Technologies and various regional producers. These competitive advantages allow Albemarle to maintain market share and pursue growth in high demand sectors such as electric vehicle energy storage and clean fuels.

Albemarle serves a diverse customer base that includes automotive manufacturers electronics companies pharmaceutical firms refining companies agriscience businesses construction material producers and food and beverage processors. The company reports approximately nineteen hundred customers spread across about seventy countries worldwide. While the filing does not disclose specific customer names the breadth of served industries demonstrates the company’s broad market reach and reliance on long term contractual relationships.