Albemarle Corp "Lithium Day" Hosted By Goldman Sachs Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Ryan Burgess - T. Rowe Price Associates, Inc. - Analyst : So one of the things you mentioned in your opening remarks was you have to balance the growth of the lithium market with your ability to get some price and value. So when you think about the customers, they are not used to price going up, right? These are auto customers, especially, are used to cost down every year. It's kind of the supply-chain business model. So how do you interact with them and get them comfortable with something where the price may be flat to going up? And as you sit and look at these growth curves and the supply and et cetera, what is your expectation for price on a go-forward basis for lithium?

Question: Ryan Burgess - T. Rowe Price Associates, Inc. - Analyst : So question about the new resource potential on Slide 54. There's these four in blue projects that are kind of in feasibility stage. What -- just garden-variety new project, what in addition to fundraising would have to happen for lithium to start coming out of these projects? I mean, there's a -- you have to get the brines developed or the mine developed, and then you also have to build a manufacturing facility. So can you just give a little bit more detail to that? And how long it's taken you and others to complete this in the past?