Greenbushes

Hard-rock open-pit spodumene mine ~250 km south of Perth, Western Australia - the world's premier lithium pegmatite (Central Lode over 3 km long plus the Kapanga deposit) - operated by Talison Lithium, 100%-owned by the Windfield joint venture in which Albemarle holds 49% (Tianqi Lithium the remainder; Albemarle's interest acquired with Rockwood in 2015). Lithium production has run continuously for more than 20 years. Three processing plants operate on site (two chemical-grade, one technical-grade); construction of the third chemical-grade plant is complete with commercial production expected during 2026. Chemical-grade concentrate ships to Albemarle's Meishan, Qinzhou and Xinyu plants in China. Reserves rose 7% in 2025 (cut-off grade lowered from 0.7% to 0.5% Li2O). Tenements ~10,000 ha; ALB 49% share of gross asset value ~$1.1bn. Albemarle reports its 49% attributable share.