The company realigned its Lithium and Bromine global business units into a new corporate structure designed to better meet customer needs and foster talent required to deliver in a competitive global environment. In addition, the Company announced its decision to retain its Catalysts business under a separate, wholly-owned subsidiary renamed Ketjen.

The 10-K mentions expansion projects at La Negra in Chile, Kemerton and Wodgina in Australia, and Qinzhou in China. These projects are expected to increase production capacity to meet growing demand for lithium.

Albemarle amended the MARBL joint venture with MRL to acquire the remaining 40% ownership of the Kemerton lithium hydroxide processing facility in Australia that was jointly owned with MRL through the MARBL joint venture.

The 10-K states that Albemarle is focused on cash generation, working capital management, and process efficiencies. The company is also pursuing actions to optimize its cost structure, aiming to reduce costs by approximately $95 million annually.

The 10-K mentions that Albemarle is managing the impact of changing global conditions, such as slow and uneven global growth, currency exchange volatility, crude oil price fluctuation, and a dynamic pricing environment.

The 10-K states that Albemarle finalized agreements with regulatory agencies to resolve self-reported potential violations of the U.S. Foreign Corrupt Practices Act, and paid a total of $218.5 million in aggregate fines, disgorgement, and prejudgment interest.

The 10-K identifies the risk of fluctuations in lithium market pricing, which could impact revenues and profitability, particularly due to increased exposure to index-referenced and variable-priced contracts.

The 10-K highlights risks associated with international operations, including currency fluctuations, trade sanctions, regulatory changes, and political instability.

The 10-K mentions risks related to environmental, health, and safety laws and regulations, including the potential for increased costs and liabilities.

The 10-K states that Albemarle competes against a number of highly competitive global specialty chemical producers, and that competition may compel the company to decrease its prices, which could negatively affect margins and profitability.

The 10-K states that the development and adoption of new battery technologies that rely on inputs other than lithium compounds could significantly impact Albemarle's prospects and future revenues.

The 10-K states that the performance of Albemarle's business could be adversely affected by any marketing and promotional materials used by our competitors that make adverse claims, whether with or without merit, against our Company or its products, imply or assert immoral or improper conduct by us, or are otherwise disparaging of our Company or its products.

The 10-K mentions that Albemarle is pursuing actions to optimize its cost structure, aiming to reduce costs by approximately $95 million annually, including a reduction in headcount and lower spending on contracted services.

The 10-K states that Albemarle's ability to maintain or increase profitability is dependent on its ability to offset decreases in prices and margins by improving production efficiency and volume and other productivity enhancements.

The 10-K notes that the company has experienced, and may continue to experience, volatility and increases in the price of certain raw materials and in transportation and energy costs as a result of global market and supply chain disruptions and the broader inflationary environment.

The 10-K states that Albemarle believes that in order to generate revenue growth, maintain margins, and remain competitive, it must continually invest in research and development, product and process improvements, and specialized customer services.

The 10-K states that the objective of Albemarle's research and development efforts is to develop innovative chemistries and technologies with applications relevant within targeted key markets through both process and new product development.

The 10-K states that Albemarle's green chemistry efforts focus on the development of products in a manner that minimizes waste and the use of raw materials and energy, avoids the use of toxic reagents and solvents and utilizes safe, environmentally friendly manufacturing processes.

The 10-K indicates that capital expenditures generally consist of expenditures to maintain and improve existing equipment, facilities and properties, and substantial investments in new or expanded equipment, facilities and properties.

The 10-K states that these transactions reflect Albemarle's commitment to investing in future growth of our high priority businesses, maintaining leverage flexibility and returning capital to our shareholders.

The 10-K states that Albemarle is taking measures to unlock near term cash flow and generate long-term financial flexibility by re-phasing organic growth investments and optimizing its cost structure.

The 10-K states that Albemarle is investing in technology and people to reduce energy consumption, greenhouse gas emissions, and air emissions. Albemarle supports the goals of the Paris Agreement to avoid climate change by limiting global warming.

The 10-K states that Albemarle is investing in new process technologies to reduce its water footprint and expand capacity sustainably in locations with high water risk. The goal is to reduce the intensity of freshwater usage by 25% by 2030 in areas of high or extremely high water risk.

The 10-K states that Albemarle's natural resource management includes mineral resource transparency with local communities, governments, regulators and other key stakeholders, as well as partnering with the Initiative for Responsible Mining Assurance for our lithium production for the assurance of responsible mining.

The 10-K states that the growing concerns about climate change and the related increasingly stringent regulations may provide Albemarle with new or expanded business opportunities.

The 10-K states that Albemarle is subject to government regulation in non-U.S. jurisdictions in which we conduct our business. The requirements for compliance with these laws and regulations may be unclear or indeterminate and may involve significant costs.

The 10-K states that a global, regional or localized economic downturn may reduce customer demand or inhibit Albemarle's ability to produce our products, negatively impacting our operating results.