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Chile, ranked as the world’s second-biggest lithium producer, has set ambitious plans to double its output within the next decade. This move aims to cater to the soaring demand for electric vehicle batteries and preempt a looming shortage that could escalate prices. Chile’s Finance Minister, Mario Marcel, highlights the critical risk of underproducing lithium. This […]
In 2023, East Asia’s defense allocations surged by 6.2%, reaching an impressive $411 billion. This increase reflects growing concerns over China’s expanding influence and regional disputes. The figure forms the bulk of Asia and Oceania’s combined military spending of $595 billion, as per the Stockholm International Peace Research Institute (SIPRI). Amid these financial inflows, military […]
