Albemarle is the industry leader in lithium and lithium derivatives, one of the highest growth markets in the specialty chemicals industry. Our unique natural resource position, derivatization capabilities, and technology leadership allow Albemarle to execute an aggressive growth strategy for this business.
We control a diverse and high-quality network of natural resources that are geographically situated in low-risk environments with good infrastructure. The scale of our operations promotes attractive economies of scale. We maintain the strongest vertical position in the industry, from raw material extraction to specialty product manufacturing. We possess a deep and broad process technology expertise that has grown in scale with our recent acquisitions.
Our unmatched global footprint and extensive production capacity, which is currently expanding, allow us to be the most reliable and sustainable supply network in the industry. We have the lowest cost position for lithium carbonate and lithium hydroxide while providing the highest quality products. We can sustain the Albemarle advantage because our unique position is difficult to replicate and has taken a century to establish.