Today, Ganesh Panneer, chairman of the Aluminum Association Aluminum Transportation Group (ATG) and vice president and general manager of automotive at Novelis, testified on behalf of the aluminum industry before the Environmental Protection Agency (EPA) during a public hearing held in Washington, D.C. aluminium titanium boron In response to request for comments on the reconsideration of the final determination of the Midterm evaluation of greenhouse gas emissions standards for light-duty vehicles model years 2022-2025, Panneer emphasized the need for regulatory certainty for the automotive industry and its key suppliers, noting: "aluminum companies need predictability and consistency in the regulatory conditions under which they operate.” Regulatory certainty is essential to the U.S.

aluminum industry, which continues to make significant investments to meet growing demand for automotive aluminum. The industry supports more than 713,000 direct, indirect and induced jobs across the nation and since 2013 has invested more than $2.3 billion in domestic plant expansions to support growing demand in the auto market. Last year, demand for aluminum in automotive applications was greater than at any point in U.S. history.

During the hearing, Panneer also pointed to a recently released survey of automakers conducted by Ducker Worldwide, which concludes that to achieve greater efficiency and lower CO2 emissions automakers must reduce average vehicle weight by 7 percent by 2025. In order to meet this target, automakers will continue to increase the adoption of high-strength, low weight aluminum in new car and truck construction at a faster pace than any time in history. Panneer added: "Aluminum is a key enabler in helping automakers meet national fuel efficiency and emissions goals.”

Posted by: shinenewstop at 08:32 AM | No Comments | Add Comment
Post contains 278 words, total size 2 kb.

The Aluminum Association recently announced membership growth, additions to its Board of Directors and the election of its first woman chair. The association also announced the winner of the 2017 Marlan A. aluminium polishing tools Boultinghouse Award, the highest award given by the North American industry. The announcements were made during the Aluminum Association’s recently concluded annual meeting – "Aluminum Moves America” – in Washington, DC. "We’ve accomplished a lot in recent months and years by working together and speaking with one, cohesive voice as an industry,” said Michelle O’Neill, Senior Vice President of Global Government Affairs & Sustainability at Alcoa and newly elected Chair of the Aluminum Association. "This is a pivotal point for American manufacturing in general and aluminum specifically. We’re facing some headwinds, but we also have some incredible opportunities ahead of us that will strengthen the industry.” Boultinghouse Award Winner The association honored Mark Eliopulos, Corporate Director of Health & Safety for Kaiser Aluminum, as the 18th recipient of the Marlan T. Boultinghouse Award for service to the North American aluminum industry. For four decades, Eliopulos has been a leading voice in the advancement of safety culture within Kaiser Aluminum and the broader aluminum industry. He has volunteered his time to train personnel for more than 15 years through the association’s Casthouse Safety Workshop training programs, provided expertise in shaping industry best practices as an editor of both the third and fourth edition of Guidelines for Handling Molten Aluminum and shaped industry standards with the American Society of Testing & Materials.

Posted by: shinenewstop at 08:10 AM | No Comments | Add Comment
Post contains 260 words, total size 2 kb.

The Aluminum Association applauds the United States Department of Commerce’s decision today to self-initiate antidumping and countervailing duty investigations on imports of common alloy sheet from the People’s Republic of China. aluminium ingots uk The Commerce Department will now conduct investigations of whether imports of common alloy sheet from China are being sold in the United States at unfairly low prices, as well as whether Chinese producers of common alloy sheet are receiving actionable subsidies from the Government of China.

"The Aluminum Association and its members enthusiastically support the decision announced today by the Department of Commerce and Secretary Wilbur Ross to self-initiate unfair trade investigations concerning imports of common alloy sheet from China,” stated Heidi Brock, President & CEO of the Aluminum Association. "We are extremely grateful for the efforts and leadership of Secretary Ross in vigorously enforcing the U.S. trade laws. The Aluminum Association and its members seek to help ensure that common alloy sheet from China entering the United States is fairly traded.”

In its announcement earlier today, the Commerce Department estimated a dumping margin of between 56.54 to 59.72 percent for imports of common alloy sheet from China. In addition, the Commerce Department announced that it will investigate subsidies provided by the Chinese government to common alloy sheet producers. Common alloy sheet is a flat rolled aluminum product that is used in a variety of applications, including transportation, building and construction, infrastructure, electrical, and marine applications where its strength, relatively light weight, formability, and resistance to corrosion are required.

The U.S. aluminum industry ships about 2 billion pounds of common alloy sheet every year out of around 26 billion pounds of total domestic aluminum demand. Overall, the U.S. aluminum industry supports 161,000 direct jobs and more than 700,000 jobs when indirect and induced impacts are considered. Further, the industry creates $75 billion in direct economic impact and $186 billion in total impact, around 1 percent of U.S. GDP. The industry has been operating in a very challenging environment for a number of years largely as a consequence of Chinese overcapacity distorting the marketplace.

Posted by: shinenewstop at 07:40 AM | No Comments | Add Comment
Post contains 354 words, total size 3 kb.

China’s land market continued to cool in August as developers remained cautious over the outlook for the nation’s property sector.To get more china property news, you can visit shine news official website.

The average land auction premium over starting bidding prices in 40 major Chinese cities monitored by E-house China R&D Institute fell to 17.3 per cent – its lowest level since June 2015, during the last property downturn, and compared with 38.2 per cent a year ago. Average land sale prices also dipped by 2.9 per cent from July to 4,472 yuan (US$654) per square metre, the fifth straight month-on-month decline. Separately, another report by China Index Academy, which monitors a wider pool of 300 Chinese cities, found the average premium falling sharper to 9 per cent from 30 per cent a year ago, while average prices declining 9.8 per cent over July to 2,598 yuan per square metre.

The continuous fall in premiums [being paid] is mainly attributed to high land prices set by local governments. In many places stringent conditions are attached to sales that have slashed saleable areas,” said E-house. "On the other hand developers remained subject to a home price cap and the prospect of tighter profitability, ebbing their interest [in buying].”Greater disparity is also starting to appear across different parts of the country. Luoyang, a central Hunan province city in central China, registered the biggest premium of 104 per cent, while in Shenzhen and Qingdao where auction prices are controlled, the premium was rooted at zero. In Shanghai all 16 parcels sold in August were also sold at a zero premium, except one bought at a marginal 0.1 per cent.

But in nearby Nanjing land sale prices more than quadrupled from July. Industry watchers said the ongoing property curbs are now biting hard into developers’ appetite for land – curbs that show no sign of easing.The chief drivers of robust, in some cases spectacular, earnings by Chinese developers – cheap land and rising selling prices – are effectively disappearing, they say, as plots become increasingly expensive while homes being built on them face price caps. A number of mega-developers have already said in their interim results statements they will be much more prudent in their land acquisitions.

Yan Jianguo, chairman of China Overseas Land and Investment, for instance, said his team would "rather miss a plot instead of investing in a wrong plot”. Xia Haijun, CEO of China Evergrande Group said the property giant would avoid third and fourth-tier cities while focusing on first, second-tier cities and their surrounding areas.While Sun Hongbin, chairman of fellow heavyweight Sunac China Holdings, put it more bluntly: "Developers are now anxious for two primary reasons: their strong moves on lower-tier cities, is now cooling quickly now; and plots acquired in the past two to three years would not have made a profit if sold at capped prices,” he said at its result briefing last week. He said Sunac, however, is not concerned by the conditions as it bought much of its land bank land at large discounted prices. It has rarely bought plots through public auction since the end of 2016, and will prioritise financial prudency from now on, he added.

Posted by: shinenewstop at 07:31 AM | No Comments | Add Comment
Post contains 547 words, total size 4 kb.

Nanjing, the capital of China's Jiangsu province, has launched a 10 billion yuan ($1.48 billion) investment fund for blockchain development, ZDNet reports July 23.Find the latest nanjing news, stories and opinions on politics, business, society, lifestyle and culture, as well as featured stories and multimedia coverage from SHINE.

Nanjing unveiled the major new fund at the inaugural Industrial Public Chain Summit (IPCS), together with the Zhongguancun Blockchain Industry Alliance –– a Beijing-based alliance of enterprises and government research institutes. Among the high-level regional government officials reportedly in attendance at ICPS was the deputy secretary of the Communist Party of China in Nanjing, Luo Qun. Oh Kap-soo, chairman of the South Korean government-backed research institute Global Finance Society, was also at the summit and advocated for the two countries’ collaboration to foster technological innovation.

As part of the initiative, Nanjing will reportedly encourage and assist blockchain companies to establish a base in the city. ZDNet cites blockchain asset management startup UDAP Foundation as an early beneficiary of the fund. Wang Xiaohui, deputy chairman of Tsinghua University's Internet Industry Research Center, spoke at the summit of the need for global cooperation, industry integration, consensus, and autonomy to ensure the future success of a tokenized economy. Blockchain is rapidly making inroads at all levels of Chinese government, with another major government-backed blockchain fund unveiled in the city of Hangzhou this April.

Bolstered by president Xi Jinping’s public endorsement of the the technology this spring, China’s IT Ministry has been the latest government body to embrace innovation, with its deputy director this month advocating for an "industrial” scale adoption of blockchain across all areas of the economy and society. The People’s Bank of China (PBoC) has meanwhile been exploring blockchain integration, last month filing a new patent for a digital currency wallet, as well as for a blockchain-powered system designed to tokenize paper checks.

Posted by: shinenewstop at 07:19 AM | No Comments | Add Comment
Post contains 322 words, total size 2 kb.

In China the word for "three” is sān, and the written character is three horizontal lines. Three is among the lucky numbers in China in part due to the closeness in pronunciation to the word for life (or "to live”). In September, "three” has certainly been a lucky number for the Chinese team as they hold the No.1, No.2, and No.3 spots in the world rankings in both the Men’s and the Women’s Ranking Lists.To get more table tennis news, you can visit shine news official website.

In the September ITTF World Rankings China’s top players, Fan Zhendong and Xu Xin, have retained their No. 1 and No. 2 positions. Twenty-three year old teammate Lin Gaoyuan, who spent much of last year in the upper 40s in the rankings before winning the Asian Cup, has now risen all the way to third. Germany’s Timo Boll and Dimitrij Ovtcharov are in positions 4 and 5. Rounding out the rest of the top 10 are Ma Long (China), Sangsu Lee (Korea), Tomakazu Harimoto (Japan), Wong Chun Ting (Hong Kong), and Hugo Calderano. USA’s Kanak Jha, now ranked 70, is the top North American player on the list (Canada’s Marko Medjugorac is second at No. 212).

The top African player is Quadri Aruna at No. 22. Omar Assar of Egypt is Africa’s second ranked player (and the top in the Middle East) with a World Ranking of No.22. Marcos Madriod is Mexico’s top player at 101 and Felipe Olivares is Puerto Rico’s top player at No.111. The women’s listing has not changed much in September. In fact, the only change in the Top 15 is that No. 6 Ding Ning and No. 7 Ito Mima have swapped places (from 7 and 6, respectively). The women’s Top 20 continues to include 7 Chinese players (including Zhu, Liu, and Chen in the 1-3 spots), 5 Japanese, 2 Hong Kong, and one player from Korea, Taiwan, Malaysia, Romania, Netherlands, and Austria.

The top European player is Sofia Polcanova of Austria at No. 17. The top North American player is Mo Zhang at No. 22 (Americans Wu Yue and Lilly Zhang are second and third highest in this region). Adriana Diaz of Puerto Rico (No. 33) is the top ranked Latin American player. September includes a number of continental championships and junior events – exciting events that will not have large impacts on the October rankings. However, October will feature the Men’s World Cup (Paris) as well as the Swedish Open, Belgium Open, and Egypt Open, so there is opportunity for large changes to the November rankings.

The Chinese are dominant in the rankings and there is little expectation of change in the near future. In fact, Fan Zhendong and Lin Gaoyuan are ages 21 and 23 and could have a decade or more of dominance ahead of them. It is the Japanese who seem to be mounting the broadest opposition to China’s dominance. Japan’s men are currently the third ranked team in the world and they have 6 players in the Men’s Top 30 rankings including their young star Harimoto at No. 8. And the Japanese women’s team is second in the world and they have 7 in the Top 25, including Kasumi Ishikawa (age 25) and Mima Ito who has risen to No. 7 at age 17.

Posted by: shinenewstop at 07:00 AM | No Comments | Add Comment
Post contains 557 words, total size 3 kb.