Word: metallize
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Dates: during 1980-1989
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...range is filled with a sweet silence; it is broken only by a thin whistle of wind in mesquite and the oddly haunting sound, a crumpling tinny flex of metal, that an Aermotor windmill vane makes randomly in the tremendous spaces. But out in the middle of nowhere the rancher will come upon an oil "location" that he has leased to drillers. The work is deafening, unclean and, of course, extremely profitable. Oilworkers seem weirdly surly and uncommunicative for this part of the country, like punk rockers, Ahab's harpooners, aliens. The chemical "slush" from the hole...
...London Metal Exchange, housed in a grand stone edifice on Fenchurch Street, exudes an air of ultramodern, professional efficiency. The 29 brokers sit in a circle on red leather banquettes surrounding the marble trading floor and make bids on seven metals (copper, lead, zinc, aluminum, nickel, tin and silver). For the past eight months, however, the exchange has been in turmoil. While prices for other commodities have been falling, the price of tin has been rising steeply. Since July, it has shot up nearly 30%, to more than...
...mysterious surge in price has spurred memories of the abortive attempt by Bunker and Herbert Hunt to corner the silver market in 1980. Now, as then, an unidentified buyer has been spending huge amounts of money to drive up the price of a metal. More than $500 million has been invested, and 30,000 tons of tin have been stockpiled in European warehouses. Speculators who gambled that the price of tin would soon fall face financial ruin. Major tin consumers have escalating costs. Says a spokesman for U.S. Steel, which makes tin-plated products: "Of course this is hurting...
Prices on the London Metal Exchange then began moving upward, as someone started buying large amounts of tin. At first, no one knew who the buyer was: orders were placed through Marc Rich & Co., a secretive New York commodity trading firm, and executed by Maclaine Watson & Co. Ltd. As the heavy purchases continued, it became apparent that only the world's major producers would have the muscle to control the markets, as well as the financial incentive to risk millions of dollars. Says one industry insider: "The general feeling is that Malaysia, Indonesia and Thailand got together and decided...
Giugiaro applies the same basic principles to all types of products. He creates paper, clay or metal prototypes, and is prepared to furnish layouts of the product's assembly line, drawings for the necessary tools and estimates of production costs down to the last lira, mark...