Supply Chains

• South Korea is leveraging its world-class battery and power grid strengths to reduce global clean energy supply chain reliance on China. • The IEA projects that battery cell manufacturing outside the dominant supplier will increase from 16% of global capacity today to between 29% and 35% by 2030. • This growth is driven by Korean firms expanding in Europe and North America, new capacity in India and Southeast Asia, and Canada's emerging materials hub.

The Politburo, a top decision-making body of the ruling Communist Party, was cited as saying by state news agency Xinhua that the economy got off to a better-than-expected start this year.

Food production in many African countries depends heavily on fertiliser imported from the Gulf through the strait of HormuzCountries in Africa, where farmers depend heavily on imported fertiliser and a large share of household income goes on food, are particularly vulnerable to supply chain disruptions caused by the war in the Middle East, experts have said.The conflict has drastically disrupted trade through the strait of Hormuz, a vital shipping lane not just for oil and gas but also for fertiliser, which is produced in vast quantities in the Gulf. Continue reading...