February 12th - Albemarle announced plans to suspend operations at its Kemerton lithium hydroxide processing plant. Chempricehub's analysis of lithium hydroxide: Bull-Bear Score: +1.5. As a global leading lithium producer, Albemarle's decision to halt production at its Kemerton lithium hydroxide processing plant is expected to significantly reduce market supply. With robust demand for electric vehicle batteries, the supply shortage may drive up spot prices for lithium hydroxide. Combined with recent contract data for lithium hydroxide futures, which indicate low inventory levels and an upward price trend, the suspension news could exacerbate supply tightness and further boost futures prices, benefiting the market. Therefore, a score of +1.5 reflects a strong positive impact.