Global energy markets faced their worst supply shock after the near-closure of the Strait of Hormuz cut flows from 20 million to 2.7 million barrels per day, driving record price spikes and prompting emergency stock releases and global supply adjustments, according to International Energy Agency (IEA).
End-of-life batteries are expected to surge from mid-2030s, driving recycling innovation. Patent activity in battery circularity grew 42 per cent annually (2017–2023), far outpacing overall battery manufacturing and global technical fields, according to a study by European Patent Office and International Energy Agency.
Global power demand is set to grow by more than 3.5% per year on average over the rest of this decade, with electricity generation from renewables, natural gas and nuclear all expanding to keep pace, according to a new International Energy Agency (IEA) report.
