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'
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Further company coverage: ALB.N
(Reporting By Ernest Scheyder)
((ernest.scheyder@thomsonreuters.com;))