Word: copper
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Dates: during 1960-1969
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When government ministers from four of the free world's main copper-exporting countries gathered in the sweltering Zambian capital of Lusaka on June 1, the copper-consuming nations had every reason to worry. The idea, as conceived last fall by Zambian President Kenneth Kaunda and Chilean President Eduardo Frei, was to set up a price-and-quota-fixing copper cartel to control the world market. After all, their countries plus Peru and the Congo produce 70% of the earth's copper sold for export. * With economies largely based on copper, all four nations have suffered...
...squeezed in a side trip to gape at Victoria Falls and float down the Zambezi River looking for elephants. But the first-of-its-kind conference ended with only an innocuous agreement to coordinate research and information policies. For that, the four countries set up an Intergovernmental Council of Copper Exporting Countries, to be based in Paris. Its first move will be to open an information bureau. "Consumers must not worry," said mustachioed Chilean Minister of Mines Alejandro Hales, the conference's dominant delegate. "We are not going for their throats. This will not be a cabal...
...than its Communists. Once a slowly developing agricultural country, it ranks today among the world's top 15 industrial nations. As Europe's most heavily forested country, it exports paper, pulp and wood products to 90 lands. Exploiting what is believed to be Europe's largest copper fields, Finland since the end of the war has developed a booming mining and metals industry. Despite its proximity to the East bloc, 80% of Finnish trade heads west, where Britain is its best customer. Finland will thus suffer if Britain enters the Common Market without it, but the Soviets...
...Street. The boosterism behind A67 is well founded. Today, despite its century under the American aegis, Alaska's natural resources remain largely untapped. In an 1867 speech supporting the Alaska purchase, Massachusetts Senator Charles Sumner spoke glowingly of the region's timber and grasslands, furs and fisheries, copper and gold lodes. Though the fur-seal herds that drew the Russians to Alaska have long since been decimated, trappers still work the beaver streams and fox warrens of the wooded, game-rich Brooks Range. Prospectors gutted gold in billion-dollar lots from the Kenai Peninsula to the Yukon...
That emergency action two weeks ago was aimed at forestalling a disruptive disappearance of the nation's remaining silver coinage before it could be fully replaced by coins of copper and nickel. Silver speculators, however, took the curbs as a signal that by year's end, when the Treasury expects to have sufficient "clad" coins available, it will stop holding down the domestic price of silver by selling it for $1.29 per oz. Next day, traders on Manhattan's Commodity Exchange bid up the price of silver to $1.67 per oz. Though the price of the metal...