• Albemarle outlined a cost, capital, and balance-sheet reset as it works through weaker lithium pricing, targeting FY 2026 capex of USD 550-600 million following a cut to USD 590 million in FY 2025.
• FY 2025 free cash flow was USD 692 million; operating cash flow conversion exceeded 100% on an adjusted basis.
• Net debt to EBITDA was 1.0x at the end of Q1 2026; a USD 1.3 billion debt repayment lowered the weighted average interest rate to 3.1% from 3.9%.
• Energy Storage sales volumes rose 14% in FY 2025; the company kept its 2026 lithium demand growth view at 15%-40% year over year.
• Management flagged further conversion-network actions, including idling Kemerton Train 1 and placing the Chengu facility into care and maintenance, with FY 2026 cost and productivity improvements targeted at USD 100-150 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Albemarle Corporation published the original content used to generate this news brief on May 21, 2026, and is solely responsible for the information contained therein.