Word: coppers
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Dates: during 1950-1959
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...Canadian nickel companies, already producing more than 90% of the free world's nickel, pushed ahead with expansion plans involving more than $160 million. Canada also moved to dominate world production of titanium. After putting up $40 million, Quebec Iron and Titanium Corp. (owned by Kennecott Copper and New Jersey Zinc) began mining the world's largest deposits of titanium ore in Quebec...
Dwindling Wealth. Apart from money, the U.S. had to reassess how far it could stretch its own natural resources. The vast new expansion was using up such minerals as iron, copper and lead far faster than anyone had anticipated only a few years ago. In many ways the U.S., once the owner of seeming inexhaustible natural treasures, was in danger of becoming a have-not nation. The end of the fabulously rich ores of the Mesabi Range was already in sight. Steelmakers not only began shipping in ore from South America and Liberia, but in 1951 they began operating plants...
...fourth producer of aluminum (TIME, Oct. 1) when Interior Secretary Oscar Chapman blocked the loan. Chapman did not like some things he had heard about the Harvey company's work for the Navy during World War II. Bitter at the turndown, Harvey grudgingly went to the giant Anaconda Copper Mining Co. with a proposal. He knew that Anaconda was eager to find a steady source of aluminum for its fabricating subsidiaries. Would Anaconda like to buy control of the subsidiary Harvey had set up in Montana for his aluminum project? Anaconda would; it bought 95% of Harvey...
...Objections. But the Government had new objections. Anaconda was already the biggest company in the copper industry, and Secretary Chapman did not think it should move into aluminum. Said he: "The proposed arrangement will not further [competition]." Attorney General Howard McGrath also objected on the same ground...
Last week RFC Boss W. Stuart Symington hinted that the Government may lend $75 million to put San Manuel to work to help ease the copper shortage. The loan was requested by little Magma Copper Co., sixth on the list of U.S. copper producers and owner of the San Manuel property. If the loan goes through, as RFC officials expect, Magma's San Manuel production should hit 70,000 tons in the next four years, increasing U.S. copper output by 6%. That would push Magma's total output up to 100,000 tons a year,make the company...