Word: cobalt
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...power site, Ventures plans to build mills and smelters to process ore from the company's worldwide network of mines. Electric furnaces will manufacture pig iron and steel, fed with iron ore from Ventures' mines on Vancouver Island, chrome from a Ventures property in the Transvaal, cobalt from New Caledonia and manganese from Southwest Africa. Another plant will manufacture aluminum. Lead and nickel from Ventures' Canadian mines will be processed on the site. A new, deep-sea port near by will enable ships to deliver ore and carry away finished metals all year round...
...many strategic materials, another downward pressure is the fact that the U S has already bought 78% of its scheduled $7.5 billion of stockpiles. Some metals -cobalt, chrome and nickel-are still critically scarce, and still high. But the supply of copper is now improving to the point where it looks as if the world price of 36?, which is 4? a lb. higher than the U.S. price, is more likely to drop to meet the U.S. price than vice versa...
...symptom of the atomic age, the $4,200,000 Argonne Cancer Research Hospital was opened in Chicago. Built with AEC funds, it will use all kinds of radiation, including giant X-ray machines and radioisotopes such as cobalt-60, to study cancer. Of its eight floors, two are below ground, only two are for patients (56 beds). Every employee must wear a badge that registers exposure to radiation...
...Population: 50,000 Belgians, 11 million Bantus and Pygmies. To Joseph Conrad, the Congo River was "an immense snake uncoiled" curving through "joyless sunshine to the heart of darkness." But Belgian bosses have made the Congo the West's greatest reservoir of strategic minerals: three-quarters of its cobalt, the bulk of its uranium. Administration: unashamed colonialism, with no nonsense about "natives' rights." The natives, under hard-working capitalism, have a living standard far above Central Africa's average...
...cobalt "source," the most powerful yet released by the AEC, got its punch by soaking up neutrons for nearly eight months in the nuclear reactor at Brookhaven National Laboratory, Long Island. It traveled across the country in a two-ton lead container. Stanford research-men still look at their dangerous captive with some awe, but they intend to put it to practical work, such as sterilizing delicate substances (e.g., penicillin) that are damaged when sterilized by heat...