Word: tungsten
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Dates: during 1940-1949
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...suspended while the Government investigated reports that shipments of the metals had been smuggled in from the U. S. When the reports proved false, export was resumed. Although the President failed to mention it, the truth is that large quantities of such war materials as mercury, molybdenum, antimony and tungsten are in the hands of private traders in Mexico, who would be hard hit by an embargo. Oil and scrap iron, practically Government monopolies, will stay on the restricted list, as a gesture of friendship...
President Cárdenas had several reasons for changing his mind. In the folds of Mexico's hills lie great deposits of antimony, manganese, mercury, tungsten, fluor spar, molybdenum. But big producers have never worked them, have concentrated on gold, silver, zinc, copper. The other metals have been left to the Indians, who grub them out of the ground, trot down to the market centres with a pat of tungsten, a tin of mercury whenever they need money for tortillas or pulque. The sales to Japan helped prime small native industry...
...prices for war materials. They had cornered the Mexican mercury market and bought considerable stocks of molybdenum by offering $4.74 against the U. S. price of $4.43 for mercury, $3.55 against $2.75 for molybdenum. They offered 5 to 6% more than U. S. prices for Mexican antimony, copper, fluorspar, tungsten. Another Mexican motive was thought to be a covering move against possible U. S. embargo pressure: Mexico could tell the U. S. she would gladly embargo oil, but could not block operations of Japanese-controlled firms actually operating in Mexico...
...lead, zinc, and magnesium. That was all. Two-thirds of her iron ore and 85% of her copper had to be imported. To feed her highly-developed smelters at Leipzig, Breslau, etc., she had little or no bauxite (aluminum ore), antimony, tin or the critical ferro-alloy metals: molybdenum, tungsten, chrome, nickel. The map shows how conquest enlarged her resources. Fine lines show her post-Versailles boundaries, the heavy line her holdings at the end of year I of World...
...Authorized Secretary of Commerce Jesse Jones to lend China $25,000,000 for $30,000,000 worth of tungsten, needed for defense...