The Review of Economics and Statistics Vol. 13 No. 1 1931
The Copper Industry in 1930
Abstract
I. Price stabilization broke down and prices of copper broke wide open, falling to 912 cents a pound, the lowest figure reached since I894. 2. The impact of a severe business depression combined with other factors brought about an apparent decline in world consumption of virgin copper of 425,000 tons, a volume only one-eighth less than the average yearly copper output during I9T9-28 of the whole world outside of the United States. 3. Stocks of refined copper in the hands of Western Hemisphere refiners as a result increased by I96,000 tons, almost to a high record level, in spite of curtailment in world copper output of some 334,000 tons. 4. Most of this curtailment occurred within the United States, and the five largest producing organizations of the United States together reduced output by an amount greater than the total world curtailment. 5. The United States imported copper on balance it is said, for the first time in fifty years.
- DOI
- 10.2307/1928477
- Volume
- 13
- Issue
- 1
- Pages
- 15
- Sources
- openalex crossref