SOVIET PROPOSAL FOR MONOPOLY ON CHINESE MINERAL EXPORTS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00457R003900620010-4
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 1
• Document Creation Date: December 20, 2016
• Document Release Date: January 24, 2006
• Sequence Number: 10
• Publication Date: December 13, 1949
• Content Type: REPORT

Approved For Release 2006/02/02 : CIS-'I~B~p~2rj),Q~0,0+3900620010-4
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CLASSIFICATION 3rr m
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CENTRAL INTELLIGENCE AGENCY REPORT NO.
INFORMATION REPORT CD NO.
COUNTRY China/USSR
SUBJECT Soviet Proposal for Monopoly on Chinese
Mineral Snorts
25X1 PLACE
ACQUIRED
DATE OF INFO
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U. V. C., 01 A:SD 02. AS AUUMDUD. ITS TEAt10i11IIII101i OD T03 MELATIOU
OF ITO COt1T51J 10 ADV UAMIUR TO At! DSAUT11O111SUD G230011 10 P7 10.
111SITCD LV LAC'. CEP SUSO,TIOH OF THIS TOM IS P201115ITUUD.
25X1
25X1
1. The USSR has proposed to the Chinese Communist government in Peiping to pur-
chase all surpluses of minerx.ls in China. Prices will be determined by the
market price at the time of shipment. Payment will be preferably in Soviet
goods at -?referential prices or in gold, if demanded.
2. The USSR will sell on world markets any minerals it does not nerd. These
will not be shipped to or held in the USSR for future resale at higher prices,
but will be drawn from current Chinese production and sold to foreign firms
through Soviet representatives in China.
3. In return for the mono-loly on Chinese mineral exvorts, the USSR is willing to
provide technical help to increase mine :production ^n*.d metallurgical plants.
4. The Chinese Com^nxnist government is seriously considering the Plan but is
suspicious even of a deal which appears r.dvantageous. For example, des-ite
Soviet assurances to the contrary, the Communist government fears that the
USSR would buy tungsten at a low price and resell when higher.
25X1.
Cor!~e 25X1
The agreement crow g we e USSR 11,500 metric tons of tungsten concentrat=e,
7,000 metric tons of tins c:?4 3,500 metric tons of -ntinonv per year according
to the June 1949 rate of production, Ihich could be increased.
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NO. OF PAGES 1
NO. OF ENCLS:
(LISTED BELOW)
SUPPLEMENT TO
REPORT NO.
THIS IS UNEVALUATED INFORMATION
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