Word: smelters
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...cholo-con-temning local gentry, he closed the palaces, went to Europe, has not visited Bolivia since. In time he sold a 10% interest in his mines to National Lead Co., and diversified his own stake. He now owns mines in Malay (No. 1 tin-ore producer), a huge smelter near Liverpool. He likes to think he also still controls large smelters in Germany. He let France go on his cuff, and calls Mussolini "Mi Musso...
...Bolivian ore go direct to the U. S. But while Patino was in Spain, his old enemy and the No. 2 Bolivian tin miner, Mauricio Hochschild, took sides. Hochschild went to the U. S. last winter, contracted with Phelps Dodge Corp. to supply tin for its new experimental smelter (TIME, Dec. 11). Meanwhile American Metal Co. Ltd. and American Smelting and Refining Co. also built pilot plants, and learned how to process Bolivian ore (which is high-cost, low-grade) with no admixture of Malayan. By last week it was pretty clear that, besides accumulating a 75,000-ton stockpile...
...last week was to try to get aboard the U. S. defense juggernaut. He told the press he is "entirely in accord" with hemisphere defense plans (which means he would sell all his ore to the U. S.), would help U. S. defense by building a $2,000,000 smelter here, would see the Defense Advisory Commission as soon as he caught his breath. But the Defense Commission, feeling tough, was in no hurry. It knew that ex-Internationalist Patino had nowhere else...
...since October has the price of copper budged. At that time all leading producers put the price up to 12½?. Last week the price was split three ways on the downside. Buyers were sitting tight and production was running on. So the No. 1 U. S. copper customs smelter, American Smelting & Refining Co., began taking odd-lot orders at 12¼?, while its competitors were hopefully holding out for 12½?. Meanwhile, export copper and the price of a couple of marginal units slipped...
During World War I (which sent the price of tin to $1.10 per lb.), U. S. war planners became tin-conscious. A U. S. tin smelter was built to process East Indian ore imported direct into the U. S. but British interests, practically monopolizing world tin mining and smelting, slapped export taxes on ore shipments to the U. S., stifled the infant U. S. tin-smelting industry...