Kings Mountain — lithium project

Hard-rock lithium property in Kings Mountain, North Carolina, where Albemarle holds mineral rights with available lithium resources (exploration stage); the historic mine is being advanced toward restart as a US spodumene source. A planned commercial-scale lithium concentrator is expected to produce approximately 420,000 tons of spodumene concentrate annually, supported by an approximately $150 million U.S. Department of Energy grant announced in 2022 and a $90 million U.S. Department of Defense critical materials award announced in 2023 ($25.2 million received since inception). The co-located Kings Mountain conversion facility produces technical and battery-grade lithium hydroxide, lithium salts and battery-grade lithium metal products.