Word: copperizing
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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...
...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...
...earlier in 1979, has been climbing steadily, in part be cause of a cut in world exports by the Soviet Union, the leading titanium producer, which needs it for domestic consumption. By last week, New York dealers were selling the metal for as much as $25 per Ib. Even copper climbed nearly 10% as speculators pushed it to a record...
...authority to cope with emergency in 1975, when the country lay in ruins, hammered by three blows in succession. First there was the economic chaos that preceded and immediately followed Allende's bloody ouster, then the surge in oil prices, and finally the collapse of the price of copper, which accounted for more than 80% of Chile's exports...
...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...