BRIEF-Albemarle CEO: Expects Global Lithium Demand To Grow 15-40% This Year

Reuters

05-01

BRIEF-Albemarle CEO: Expects Global Lithium Demand To Grow 15-40% This Year

May 1 (Reuters) - Albemarle Corp ALB.N:

CEO KENT MASTERS: EXPECTS GLOBAL LITHIUM DEMAND TO GROW 15-40% IN 2025
CEO: EXPECTS GLOBAL LITHIUM DEMAND TO DOUBLE FROM 2024 TO 2030
CEO: 'INCENTIVIZING SUPPLY GROWTH REQUIRES LONG-TERM LITHIUM PRICING WELL ABOVE CURRENT SPOT PRICES'
: NO SIGNIFICANT LONG-TERM LITHIUM SUPPLY AGREEMENTS UP FOR RENEWAL IN 2025
CEO: 'OUR LONG-TERM BUSINESS DRIVERS ARE ROBUST'
CEO: CHINA'S EV MARKET NOW 60% OF GLOBAL LITHIUM DEMAND
CEO: COMPANY'S 2025 FORECAST DOES NOT FACTOR IN GLOBAL RECESSION
CEO: EXPECTS GLOBAL EV PRODUCTION TO OVERTAKE GLOBAL INTERNAL COMBUSTION ENGINE PRODUCTION BY END OF DECADE
CEO: 40% GLOBAL LITHIUM CAPACITY IS AT OR BELOW BREAK-EVEN
CEO: 'OUR (LITHIUM) CONTRACTS ARE HOLDING, BUT THAT DOESN'T MEAN WE DON'T RENEGOTIATE THEM OVER TIME'
: 'MOST-LIKELY' GLOBAL LITHIUM DEMAND GROWTH SCENARIO FOR YEAR IS 20%
CEO: GRID STORAGE NOW 20% OF LITHIUM DEMAND
CEO: LITHIUM DEMAND FOR GRID STORAGE GREW FASTER IN 2024 THAN DEMAND FROM EV MARKET
CEO: NEW DERIVATIVE CONTRACTS FOR LITHIUM 'WON'T HAVE A MUCH OF AN IMPACT INITIALLY,' BUT 'ANTICIPATE THEY WILL, OVER TIME'

Source text: [ID:]

Further company coverage: ALB.N

(Reporting By Ernest Scheyder)

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

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DEMAND</p></li><li><p>CEO: COMPANY'S 2025 FORECAST DOES NOT FACTOR IN GLOBAL RECESSION</p></li><li><p>CEO: EXPECTS GLOBAL EV PRODUCTION TO OVERTAKE GLOBAL INTERNAL COMBUSTION ENGINE PRODUCTION BY END OF DECADE</p></li><li><p>CEO: 40% GLOBAL LITHIUM CAPACITY IS AT OR BELOW BREAK-EVEN</p></li><li><p>CEO: 'OUR (LITHIUM) CONTRACTS ARE HOLDING, BUT THAT DOESN'T MEAN WE DON'T RENEGOTIATE THEM OVER TIME'</p></li><li><p>: 'MOST-LIKELY' GLOBAL LITHIUM DEMAND GROWTH SCENARIO FOR YEAR IS 20%</p></li><li><p>CEO: GRID STORAGE NOW 20% OF LITHIUM DEMAND</p></li><li><p>CEO: LITHIUM DEMAND FOR GRID STORAGE GREW FASTER IN 2024 THAN DEMAND FROM EV MARKET</p></li><li><p>CEO: NEW DERIVATIVE CONTRACTS FOR LITHIUM 'WON'T HAVE A MUCH OF AN IMPACT INITIALLY,' BUT 'ANTICIPATE THEY WILL, OVER TIME'</p></li></ul><p>Source text: [ID:]</p><p>Further company coverage: <span>ALB.N</span></p><p> (Reporting By Ernest Scheyder)</p><p> 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class=\"title\">\nBRIEF-Albemarle CEO: Expects Global Lithium Demand To Grow 15-40% This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-05-01 20:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BRIEF-Albemarle CEO: Expects Global Lithium Demand To Grow 15-40% This Year</title></head><body><p><span>May 1 (Reuters)</span><span> - </span>Albemarle Corp <span>ALB.N</span>:</p><ul><li><p>CEO KENT MASTERS: EXPECTS GLOBAL LITHIUM DEMAND TO GROW 15-40% IN 2025</p></li><li><p>CEO: EXPECTS GLOBAL LITHIUM DEMAND TO DOUBLE FROM 2024 TO 2030</p></li><li><p>CEO: 'INCENTIVIZING SUPPLY GROWTH REQUIRES LONG-TERM LITHIUM PRICING WELL ABOVE CURRENT SPOT PRICES'</p></li><li><p>: NO SIGNIFICANT LONG-TERM LITHIUM SUPPLY AGREEMENTS UP FOR RENEWAL IN 2025</p></li><li><p>CEO: 'OUR LONG-TERM BUSINESS DRIVERS ARE ROBUST'</p></li><li><p>CEO: CHINA'S EV MARKET NOW 60% OF GLOBAL LITHIUM DEMAND</p></li><li><p>CEO: COMPANY'S 2025 FORECAST DOES NOT FACTOR IN GLOBAL RECESSION</p></li><li><p>CEO: EXPECTS GLOBAL EV PRODUCTION TO OVERTAKE GLOBAL INTERNAL COMBUSTION ENGINE PRODUCTION BY END OF DECADE</p></li><li><p>CEO: 40% GLOBAL LITHIUM CAPACITY IS AT OR BELOW BREAK-EVEN</p></li><li><p>CEO: 'OUR (LITHIUM) CONTRACTS ARE HOLDING, BUT THAT DOESN'T MEAN WE DON'T RENEGOTIATE THEM OVER TIME'</p></li><li><p>: 'MOST-LIKELY' GLOBAL LITHIUM DEMAND GROWTH SCENARIO FOR YEAR IS 20%</p></li><li><p>CEO: GRID STORAGE NOW 20% OF LITHIUM DEMAND</p></li><li><p>CEO: LITHIUM DEMAND FOR GRID STORAGE GREW FASTER IN 2024 THAN DEMAND FROM EV MARKET</p></li><li><p>CEO: NEW DERIVATIVE CONTRACTS FOR LITHIUM 'WON'T HAVE A MUCH OF AN IMPACT INITIALLY,' BUT 'ANTICIPATE THEY WILL, OVER TIME'</p></li></ul><p>Source text: [ID:]</p><p>Further company coverage: <span>ALB.N</span></p><p> (Reporting By Ernest Scheyder)</p><p> ((ernest.scheyder@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1861214812.USD","symbol_name":"Blackrock Future of Transport A2 USD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250501:nL1N3R90FK:1","article_id":"2532775780","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2532775780","pubTimestamp":1746104291,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and 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RENEWAL IN 2025CEO: 'OUR LONG-TERM BUSINESS DRIVERS ARE ROBUST'CEO: CHINA'S EV MARKET NOW 60% OF GLOBAL LITHIUM DEMANDCEO: COMPANY'S 2025 FORECAST DOES NOT FACTOR IN GLOBAL RECESSIONCEO: EXPECTS GLOBAL EV PRODUCTION TO OVERTAKE GLOBAL INTERNAL COMBUSTION ENGINE PRODUCTION BY END OF DECADECEO: 40% GLOBAL LITHIUM CAPACITY IS AT OR BELOW BREAK-EVENCEO: 'OUR (LITHIUM) CONTRACTS ARE HOLDING, BUT THAT DOESN'T MEAN WE DON'T RENEGOTIATE THEM OVER TIME': 'MOST-LIKELY' GLOBAL LITHIUM DEMAND GROWTH SCENARIO FOR YEAR IS 20%CEO: GRID STORAGE NOW 20% OF LITHIUM DEMANDCEO: LITHIUM DEMAND FOR GRID STORAGE GREW FASTER IN 2024 THAN DEMAND FROM EV MARKETCEO: NEW DERIVATIVE CONTRACTS FOR LITHIUM 'WON'T HAVE A MUCH OF AN IMPACT INITIALLY,' BUT 'ANTICIPATE THEY WILL, OVER TIME'Source text: [ID:]Further company coverage: ALB.N (Reporting By Ernest Scheyder) 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