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Strategic Alliances in a Shifting Global Landscape

In a world marked by geopolitical tensions and shifting alliances, Russian President Vladimir Putin and Chinese President Xi Jinping have positioned themselves as defenders of a new world order. Their recent meeting in Moscow, coinciding with the 80th anniversary of the end of World War II, underscored their commitment to countering Western influence and promoting a multipolar global system. During the talks, Putin and Xi emphasized their shared vision of international stability, rejecting what they described as "unilateralism and bullying"—a veiled reference to the United States. Xi reaffirmed China's support for Russia, highlighting their strategic partnership and mutual interests in shaping global governance. The leaders also pledged to safeguard the authority of the United Nations and advocate for the rights of developing nations. This alliance comes at a critical time, as both nations face economic and political challenges. Russia continues to navigate Western sancti...

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Canada Tops Global Battery Supply Chain Ranking, China Falls to Second Place

 

Canada has claimed the first place in BloombergNEF’s global lithium-ion battery supply chain ranking for 2024, surpassing China, which had dominated the annual analysis for the past three years. The United States ranked third this year.

The ranking measures the potential of 30 countries to build a secure, reliable and sustainable battery supply chain for electric vehicles, based on 46 metrics in five categories: raw materials, battery manufacturing, downstream demand, environmental and social governance, and industry, infrastructure and innovation.

Canada’s rise to the top spot is attributed to its abundant raw material resources, strong integration with the U.S. automotive sector, clear policy commitments, and high environmental and social standards. Canada is also a beneficiary of the U.S. Inflation Reduction Act, which aims to boost domestic battery production and reduce reliance on foreign suppliers.

China, on the other hand, fell to second place due to its lower scores on environmental and social governance, as well as increased competition from other countries in battery manufacturing and downstream demand. China still leads the world in terms of battery output, but faces challenges in securing raw materials and meeting stricter emission standards.

The BloombergNEF report highlights the importance of developing a robust and resilient battery supply chain, as the demand for electric vehicles is expected to grow rapidly in the coming years. Canada’s leadership in this field positions it well for the transition to a low-carbon economy.

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