Index

Waupaca Foundry

Global MFG - Sep 19, 2022

Chinese Companies Turn to Mexico Amid U.S. Tariffs

The COVID-19 pandemic almost instantly threw a multi-year wrench into global supply chains — and highlighted the advantages of more compact logistics operations. For many U.S. companies, that has meant reshoring manufacturing operations from lower-wage nations back to the States. But for manufacturers in China who want to keep a foothold in the North American market, it means finding a way to get its operations closer to their end-markets.

Andy Szal and Eric Sorensen | Industrial Equipment News

#china #mexico #tariff

Waupaca Foundry

Global MFG - Aug 9, 2022

Biden signs $280B CHIPS act in bid to boost US over China

President Joe Biden on Tuesday signed a $280 billion bipartisan bill to boost domestic high-tech manufacturing, part of his administration's push to boost U.S. competitiveness over China. "The future of the chip industry is going to be made in America," Biden said in a sweltering Rose Garden ceremony .

TimesFreePress | timesfreepress.com

#china #manufacturing #supplychain

Waupaca Foundry

Global MFG - Jun 24, 2022

China’s Quest for Iron Threatens West African Ecosystem

Guinea's Simandou mountains hold the largest untapped iron-ore deposit on the planet. Now a consortium of China-connected companies is moving ahead with a plan that jeopardizes one of the most biologically rich ecosystems in Africa.

Sheridan Prasso | Bloomberg.com

#china #iron-casting

Waupaca Foundry

Global MFG - Apr 11, 2022

Executives are warned that China's economic policies could present major challenges to local manufacturers

Greater Milwaukee Committee members were warned that China could present manufacturers with a larger problem than Russia.

Corrinne Hess | Milwaukee Journal Sentinel

#china #supplychain

Waupaca Foundry

Global MFG - Oct 21, 2021

Tesla looks to pave the way for Chinese battery makers to come to U.S.

China dominates the production of iron-based batteries thanks to a series of key patents, which have allowed the country to make 95% of the world's lithium iron phosphate batteries.

HYUNJOO JIN | Automotive News

#china #economy

Waupaca Foundry

Global MFG - Oct 20, 2021

What Happens When the World’s Key Metal Exchange Has No Metal?

What happens when the London Metal Exchange runs out of metal? That’s the question the exchange is urgently trying to address for its flagship copper contract, which sets the global price for one of the world’s most important commodities.

The problem stems from the LME’s physical nature: anyone holding a contract to expiry becomes the owner of a package of metal in an LME warehouse. On the other hand, anyone who has sold one must deliver the metal when the contract expires.

Mark Burton | Bloomberg.com

#china #supplychain

Waupaca Foundry

Global MFG - Oct 14, 2021

China's growing power crunch threatens more global supply chain chaos

A growing power supply crunch in China is triggering blackouts for households and forcing factories to cut production, threatening to slow the country's vast economy and place even more strain on global supply chains.

Companies in the country's industrial heartlands have been told to limit their energy consumption in order to reduce demand for power, state media has reported. And supply has been cut to some homes, reportedly even trapping people in elevators.

An "unexpected and unprecedented" power cut hit three northeastern provinces on Monday, according to the Global Times, a state-run tabloid. The newspaper reported Tuesday that power rationing in Heilongjiang, Jilin and Liaoning provinces has "resulted in major disruptions to the daily lives of people and business operations."

Jill Disis | cnn.com

#china #economy #supplychain

Waupaca Foundry

Global MFG - Jan 15, 2020