Albemarle(US:ALB) Ge Lin Qi Huo·2025-08-12 11:25Report Summary 1. Report Industry Investment Rating - No information provided on the industry investment rating. 2. Core View of the Report - The safety incident at Albemarle's lithium carbonate production line in Chile may lead to a decline in Chile's lithium carbonate exports in August and China's imports in September, and in the short - term, it will boost the upward sentiment of lithium carbonate prices, with the long - term price center running strongly around 85,000 yuan/ton [2][3]. 3. Summary According to Related Content Albemarle's Production Situation in Chile - Albemarle's lithium carbonate production line in Chile has suffered a safety incident, causing some production lines to suspend operations. The current lithium carbonate production capacity is approximately 80,000 tons, and the incident has had a phased impact on overall capacity utilization. The specific recovery time depends on safety assessment and rectification work [2]. - Albemarle has an 84,000 - ton/year capacity in the Atacama Salt Lake, with a 40,000 - ton/year expansion capacity contributing as scheduled. The total capacity of the La Negra Phase I to Phase IV projects is 84,000 tons/year, with Phase I and Phase II having a combined capacity of 44,000 tons/year LCE. Phase III and IV projects need to complete the expansion through the Salar production increase project, which achieved mechanical completion and entered the trial - operation stage in mid - 2023, and the capacity utilization reached 50% in 2024 [2]. Chile's Lithium Export Situation - In July, Chile's lithium export volume was 23,824 tons, of which lithium carbonate export volume was 20,930 tons, and the export volume to China was 13,633 tons. The export volume of lithium carbonate in May and June was low, and it increased in July with the rise in lithium carbonate prices [3].