Word: copper
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Dates: during 1980-1989
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Shares of gold-and silver-mining companies leaped on Wall Street, as did the stocks of many so-called asset companies. Unlike financial, service or processing firms, the corporations that possess coal, oil, timber, copper or other resources have assets that retain value no matter what happens to inflation, the dollar or the economy...
Ever since oil-exporting countries showed how to run up prices by banding together, other developing countries have dreamed of emulating OPEC's success. Discussions have been held about forming cartels to cover commodities as varied as coconut oil, copper and phosphate rock. Such Xerox copies of OPEC have almost universally failed because of easily available substitute products or the unwillingness of would-be cartel members to cut production enough to maintain high prices. The copper exporting organization, for example, was weakened when industrial users began replacing that metal with plastics and aluminum, and effectively collapsed when the last...
...American dependence has focused attention on the size of current stockpiles and the feasibility of developing new domestic sources. Since World War II the Government has maintained strategic stockpiles of 93 key materials, including tin, copper and titanium, for use in a national emergency. Some are critically low. Only 32,000 tons of titanium are stockpiled, far below the 130,000-ton goal. Cobalt reserves are 22,000 tons short of the 43,000-ton target...
...I.C.A. the results of this deliberation are striking. The two-dimensional floor pieces upstairs succeed in breaking down the separation of art vs. walls-and-floors conspicuous in museum displays. Here the geometric patterns of metal plates meld with the room. Particularly dramatic is "Twelfth Copper Corner," a triangle of 78 copper plates extending from the corner opposite the staircase...
...logs to Japan. In the process, the country is transforming itself from a "monoproduct" economy into one in which noncopper goods are now 51% of exports. Forests are being planted with high-yield pine trees; U.S. authorities estimate that by 1990 forest products could become as important as copper to the economy...