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Last month, the UN special envoy for Syria warned that the wars in Gaza and Lebanon appeared to be “catalysing conflict in north-west Syria in a dangerous manner”.

It is also expected “to help catalyse additional external financing from development partners and provide a framework for the successful completion of the ongoing debt restructuring”, the IMF statement said.

The industry is facing a challenge with water electrolysis, as this process requires rare and expensive elements like platinum to catalyse the water splitting.

It's to counter China that the US and several western countries launched the Minerals Security Partnership - to catalyse "investment in responsible critical minerals supply chains" - in 2022.

Copper is used to catalyse a wide range of reactions across the chemical industry.