Fears that the Chinese Australian Free Trade Agreement (ChAFTA) will lead to a flood of Chinese workers in Australia are unfounded.
United States vice president Joe Biden will visit Australia over the weekend, with his trip to include visits to Boeing’s Port Melbourne factory, the Victorian Comprehensive Cancer Centre, and a “major policy speech on the future of the US-Australia relationship.”
Surveying democratic election results around the world, it’s clear the high water mark for globalisation has been met. Free trade, always questionable economics, is no longer good politics and in many ways has jumped the shark.
There is still the possibility, however slight, of the Coalition winning a majority in the lower house and forming government, according to ABC election analyst Antony Green. The ABC reports Green as projecting the Malcolm Turnbull-led Coalition winning at least 73 seats and possibly 76. Predictions for the seats of Grey and Petrie were updated … Continue reading Slim possibility of majority government: expert
Research led by chemist Zheng Huang at the Chinese Academy of Sciences has demonstrated a way to break down polyethylenes into a liquid fuels.
Argon has introduced its 21.3-inch rugged display, designed for command and control applications where maximum viewable surface area is needed in the smallest mounting possible. The ARD21 has a small bezel size, flexible mounting configurations, configurable I/O and universal AC/DC power supply. This makes it a suitable solution for mission critical applications. The product’s display … Continue reading New rugged display
Glencore has announced that it will be closing its North Queensland Bowen Coke Works facility over the next few months. According to the bulk commodities company, the Bowen Coke Works has been in operation since 1933 providing metallurgical coke for the Mount Isa Mines’ lead smelter. While no exact timeline for the closure was given, … Continue reading Bowen Coke gets snuffed out
A report by Research and Markets predicts the market for 3D printing in concrete will grow from $US 24.5 million last year to $US 56.4 million by 2021.
Ford is reportedly in talks to begin manufacturing its luxury Lincoln brand in China, according to unnamed sources.
The USA’s treasury secretary has said that China should cut its steel capacity, with the current glut “corrosive” to the Chinese economy and harmful to the rest of the world.
Can Australia still make steel? Brent Balinski spoke to metals expert Professor Geoff Brooks from Swinburne University about the industry’s difficulties, where it can excel, and the competition it faces. Australia’s last two major steelmaking sites have had to fight for their lives in the last year, and it is safe to say the local steel … Continue reading Little future in Australia focussing on garden variety steel
Dubai has opened what is claimed to be the world’s first 3D printed office building. AAP reports that the offices were printed in 17 days for $US 140,000 by WinSun Global of China, which made news in 2014 when it printed 10 houses in a day. As with the houses, the offices were not made in one … Continue reading Dubai workers start clocking on in 3D printed office building
Adelaide company Hegs Australia is preparing to increase capacity as well as send a shipment of its product to China. The Advertiser reports that Hegs, which makes an Australian-designed variety of clothes peg, currently makes around 80,000 individual pegs a day. This month it is doubling capacity, and currently has its product made at six … Continue reading Export market grows for SA’s Hegs
Authorities in China have staged a raid on a warehouse after a tip-off from Toyota, seizing roughly 33,000 fake car parts headed for Australia. News Corp Australia reports that the raid followed a Federal Court case by Toyota Australia last year against distributors of fake Toyota parts. An email to Toyota’s Australian dealer network reads: … Continue reading Fake Toyota parts headed here intercepted in China
The United States’ commerce department found that Chinese companies had sold surplus steel below cost in the US, ordering import duty increases of 522 per cent for cold-rolled steel. Sky News reports that US steel industry representatives claim the market has been distorted by dumped products, and it has had to make 12,000 jobs redundant … Continue reading US applies 522 per cent duty on China steel after dumping ruling
Chinese steel production has surged in response to a jump in prices, but capacity levels are concerning and some are tipping a correction soon. Bloomberg reports that output for April was up 0.5 per cent compared to last year, reaching 69.42 million metric tons, according to National Bureau of Statistics. Averaged out by production day, … Continue reading Chinese steel production surges on price jump
Two Sydney-based entrepreneurs are harvesting and selling air from Australian locations and are targeting the Chinese export market. Fairfax and others report that Green & Clean began selling the cans, available for $18.80 each, as a novelty item for tourists. Exports have begun, with Chinese personal shoppers also buying cans here and sending these back … Continue reading Australian business packages, exports air to China
An OECD steel committee meeting, attended by assistant science minister Karen Andrews and including 30 of the world’s biggest steelmaking nations, has heard advice that the current glut be addressed promptly. According to OECD figures, global capacity was 2.37 billion tonnes of steel in 2015, but only 67.5 per cent of this was being used. … Continue reading China blamed as OECD steel overcapacity discussions continue
A jump in Chinese steel production is unlikely to last, according to analysts, following a surge last month. Business Insider and others note that crude steel production in China was 70.65 million tonnes in March (up three per cent compared to March last year). Steel exports were up 23 per cent in March, 23 per … Continue reading China steel rally predicted to sag
Sales of industrial robots topped 240,000 units last year, with automotive and electronics sectors again leading the way, though overall growth was down from a bumper 2014 year. The International Federation of Robotics’ annual World Robotics – Industrial Robotsreport recorded an eight per cent increase in sales, year on year. China led with 66,000 units … Continue reading Global industrial robot sales increased 8 per cent in 2015