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Final Ceasefire Draft Presented to Israel and Hamas After Breakthrough in Doha

  Mediators have presented Israel and Hamas with a final draft of a ceasefire deal aimed at ending the war in Gaza, following a breakthrough in negotiations held in Doha. The draft, which includes provisions for the release of hostages and a cessation of hostilities, was handed over after midnight talks involving Israel's spy chiefs, President-elect Trump's Middle East envoy, and Qatar’s prime minister. The negotiations, which have been ongoing for over a year with the involvement of the United States, Qatar, and Egypt, reached a pivotal moment early Monday. U.S. President Joe Biden and Israeli Prime Minister Benjamin Netanyahu discussed the urgent need for a ceasefire and the release of hostages in a recent phone call. While both sides have yet to confirm the final draft, officials have described the progress as promising. The next 24 hours are seen as crucial to sealing the deal before President Biden leaves office. The war in Gaza, which began in October 2023, has resulted i...
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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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