Record Production and Cash Flow Growth
Net sales reached $1.3 billion with a record production period from the lithium conversion network. Cash from operations increased 57% year-over-year to $356 million.
Enhanced 2025 Outlook
Full year 2025 corporate results are anticipated to be at the upper end of the previously published $9 per kilogram scenario ranges due to strong energy storage sales.
Cost and Productivity Improvements
Albemarle achieved $450 million in cost and productivity improvements, exceeding initial targets, and reduced capital expenditures to $600 million, a 65% year-over-year reduction.
Successful Portfolio Actions
Announced transactions to sell stakes in Ketjen's refining catalysts business expected to generate $660 million in pretax cash proceeds.
Strong Demand in Energy Storage and EV Markets
Lithium demand surged over 30% year-to-date, supported by a 30% increase in global EV sales and a 105% rise in grid storage growth.