Word: tungsten
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After nine months of war, the South Korean economy is almost at a standstill. No coal mines are operating; the country's second largest mine at Hwasun, 100 miles west of Pusan, has had guerrillas around it for months. Tungsten production, once an important source of revenue, has dwindled to almost nothing...
...price up again, the National Production Authority this week took control of all tin imports, announced it will allocate tin to industrial users. There seemed no reason why the same tactic could not be employed to bring down the price of other commodities, such as lead, wool, zinc and tungsten...
...these materials is wolfram, an ore containing tungsten which is necessary for hardening steel. During the last war, Spain did a profitable business in wolfram, selling it to both sides at the highest price the traffic would bear. But during the past fifteen months, exports of wolfram from Spain have been very low; the United States has imported only five tons. The Spanish government raised the price of the ore from $2,300 a ton to $4,700 a ton last winter, and has now set a new export minimum of $4,900 a ton. This price is too steep...
...Raised the percentage of steel that producers must set aside for defense, in some cases to 35%, limited the use of tungsten as a coloring agent in linoleum, ink, rubber...
Trappers Trapped. Three North Korean divisions - the 2nd, 9th and 31st -had moved around the right flank of the Wonju salient and were trying desperately last week to encircle the 2nd Division. Yongwol, a tungsten-mining town on the headwaters of the Han, changed hands even oftener than Wonju, and was razed by allied planes dropping napalm. R.O.K. units reported themselves "locked in combat" with the North Koreans, and 10,000 U.S. troops rushed to the scene. Finally, instead of trapping the Americans, the North Koreans were trapped themselves. Allied infantry, tanks, artillery and planes began chopping them down...