Word: coppers
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Snow lay 25 inches deep. The houses were dark, the beerhalls deserted. Everything about the little (pop. 3,700) copper-mining community of Houghton, on Michigan's Upper Peninsula, suggested rural serenity...
...Atomic Energy Commission allows the company to sell uranium commercially, and nuclear-minded private utilities promise a rich future market. Nevertheless, Homestake is diversifying further, has lately entered partnerships to produce potash (for fertilizer) in Saskatchewan, iron in Australia, lead and zinc in Missouri, and is studying a copper mining investment in Mauritania...
...Sakhalin gas will be shipped to Japan. In Sumatra, Japanese oilmen promised to invest $15 million to carry on offshore oilfield drilling; Indonesia will keep 39% of the oil produced, and the Japanese will get the rest. And the Mitsui Mining & Smelting Co. paid $8,000,000 for copper and zinc mines in Peru; next year the mines will begin shipping concentrated ores to Japan...
...entire Japanese economy is at stake in such far-flung horse trades. Despite its industrial strength, Japan is virtually barren of natural resources, depends on imports for 99% of its petroleum, 96% of its iron ore, 85% of its copper and 75% of its zinc. Last year the island nation imported 205 million tons of raw materials, 20% more than in 1964, at a cost of $3.2 billion...
...copper, the mineral in shortest supply, the Japanese have signed long-term contracts for the output of mines in Canada, the Philippines, Bolivia. Australia and the Transvaal of South Africa, are now guaranteed shipments of 122,600 tons annually...