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    Rock Hoffman

    Research Analyst at Bank of America

    Rock Hoffman is an Associate in US Chemicals Equity Research at Bank of America Securities, specializing in the coverage of the lithium sector with specific responsibility for companies such as Albemarle and Sigma Lithium. He has been recognized for his analytical work through performance platforms, maintaining a TipRanks star rating and covering select chemical sector stocks. Hoffman began his career at Bank of America as an Investment Banking Analyst in the Global Industrials Group in early 2020 and transitioned to equity research in late 2021; prior to this, he earned his Bachelor's degree in applied mathematics and economics from Brown University. His professional credentials include relevant securities licenses in line with his industry role, and he is based in New York.

    Rock Hoffman's questions to ALBEMARLE (ALB) leadership

    Rock Hoffman's questions to ALBEMARLE (ALB) leadership • Q2 2025

    Question

    Rock Hoffman of Bank of America asked for the rationale behind the changing sales mix between contract and spot volumes in the second half of 2025 and sought clarity on the numerical pricing assumption used in the company's guidance.

    Answer

    CEO Kent Masters stated the mix change is driven by customer demand timing. CFO Neal Sheorey added that the guidance assumes a continuation of the year-to-date average price of approximately $9/kg LCE, which is based on a basket of regional prices and products, not a single spot price.

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