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...metal used in jet aircraft engines as well as mining and machine-tool bits, cobalt is supplied mainly by Zaire, which has 65% of the non-Communist world's reserves. Recurrent civil wars over the past three years have kept the price dancing between $6.40 and $50 per Ib. Other producers include the U.S.S.R. and Cuba. Reports Charles River Associates, a consulting firm in Boston: "The cobalt situation is one of the most serious problems facing consumers of critical materials today...
...metal is used extensively in high-performance jets, missiles and nuclear plants, U.S. and European aerospace companies have been scrambling to buy the remaining titanium sponge produced by Japan, Britain and China. As a result, since last March prices in Europe have jumped from $3.98 to $25 per Ib...
Titanium, which is used in the manufacture of aircraft and was trading for as little as $3.98 per Ib. 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...
...Hamelin chasing the Pied Piper, investors last week continued rushing to put their paper money into hard goods. Gold scaled yet another peak on the London exchange: $397 per oz., almost double a year ago. Prices soared for platinum and silver, and even copper that was 81? per Ib. two months ago sold for $1.05 per Ib...
...winner is a dark horse: a turbocharged, fuel-injected, gasoline-burning entry from the University of Manitoba. It is not the most fuel-efficient entry, however. That title goes to the car from Mankato State University in Minnesota, which burned propane gas at a rate of 11.41 miles per Ib...