REQUESTED DATA FOR SIX RAW MATERIAL COMMODITIES

Document Type: 
Collection: 
Document Number (FOIA) /ESDN (CREST): 
CIA-RDP86T00608R000600030033-8
Release Decision: 
RIPPUB
Original Classification: 
U
Document Page Count: 
30
Document Creation Date: 
December 12, 2016
Document Release Date: 
July 19, 2002
Sequence Number: 
33
Case Number: 
Publication Date: 
April 18, 1975
Content Type: 
MF
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PDF icon CIA-RDP86T00608R000600030033-8.pdf1.42 MB
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Approved For Release 2002/08/15 : CIA-RDP86T00608R000600030033-8 18 April 1975 MEMORANDUM FOR: Dr. Samuel Rosenblatt Assistant Director Council on International Economic Policy SUBJECT t Requested Data for Six Raw Material Commodities 1. Per your request of 17 April for selected data on bauxite/alumina, copper, tin, lead, zinc, and iron ore are the attached tables:' A. World Production -1972-74 Iron ore and bauxite production are ores and concentrates; the remaining four commodities are in terms of metal content. B. United States Production, Consumption, Exports and Imports - 1974 C. Data for Price Charts We will put in chart form next week. 2. We will provide data on Lources of supply for US, EC and 3'apan early next week, as well as any available information on the other questions you raised. STAT Approved. For Release 2002/08/15 CIA-RDP36T00608R000600030033-8 S- -5'6) 6 o-7S.o( -- -75 STAT Approved For Release 2002/08/15 : CIA-RDP86T00608R000600030033-8 Approved For Release 2002/08/15 : CIA-RDP86T00608R000600030033-8 Approved For Release 2002/08/15 : CIA-RDP86T00608R000600030033-8 Iron 0_re huf..'6-',rA:wR~{A i,!y 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 11.70 11.70 11.10 10-9.0 10.80 10.80 10.80 10.80 10.80 10.80 11.05 11.42 11.42 11.98 14.15 Approved For Release 2002/08/15 : CIA-RDP86T00608R000600030033-8 Ti:, Prices L ME us C/lb G/1b 1960 99.76 101.44 1961 111.45 113.31 1962 112.21 114.65 1963 113.65 116.65 1964 154.56 157.60 1965 176.92 178.20 1966 161.49 164.07 1967 131.35 153.43 1968 140.92 148.15 1969 155.59 164.50 1970 166.17 174.20 1971 166.49 167.35 1972 160.47 177.47 1973 207.44 227.56 1974 372.83 396.27 Copper Prices lb us lb 1960 30.79 32.05 1961 28.81 29.92 1962 29.29 30.60 1963 29.25 30.60 1964 43.95 31.96 1965 58.79 35.02 1966 69.06 36.17 1967 44.84 38.23 1968 55.78 41.85 1969 66,?58 47.52 1970 63.84 57.66 1971 51.46 51.43 1972 45.58 50.62 1973 76.59 58.85 1974 93.42 76.65 ....~- ..v~.~...,r.y,.,n,-r .~ y ?...?;'.,,'!(':~*'~?'t"',"""`t'f'C"1''"''' r,.......v.rv.w ,---{...........R.,.ti.R!r~n,'."... `..:1~?..?r..w.n??+.?gw.n~ "~'Z.?C~'~., .~:,,wis~ Approved For Release 2002/08/15 : CIA-RDP86T00608R000600030033-8 Zinc Prices L,,E 4/lb 11.18 1960 9.75 1961 8.45 1962 . 959' 1963 .75 14 1964 14.20 1965 12.93 1966 10.80 1967 11.85 1968 12.99 1969 13.39 1970 14.72 1971 16.09 1972 36.40 1973 56.29 1974 us G 1b 12.95 11.54 11. 62 12.00 13.57 14.50 14.50 13 84 13.50 14.60 15.32 16.13 17 ..7 5 20.66 .35.94 Lead' Prices 9.03 11.95 1961 8.06 10.87 1962 7.05 9, C-1 1963 7.93 11.14 1964 12.63 13.60 14.41 16.00 1966 11.86 15.?2 1967 9.01 1.4.00 10.85 13.21 1959 13.16 14.90 13.74 15.62 1971 12.03 13.82 1972 12.86 15.63 1973 18.40 16.28 1.974 26.81 . 22.53 1972 1973 207,612 216,012 76i648 88,611 62,103 75,604 54r859 60,629 45, 002 45,002 39,650 43,978 30,518 42,528 35,198 33,897 33,126 34,449 21,001 21,502 145,951 145,498 751,668 807,110 Approved For Release 200.2108115,::CIA-RDP$6T00608ROQQ?00030033-8 Approved For Release,2002/08/15 : CIA-RDP86T00608R000600030033-8 World Iron Ore Frc ducti.on 1972-73 USSR US Australia France. PRC Canada Brazil India Sweden Liberia Others TOTAL Bauxite Production Principal Producers 1972 1973 Australia 14.3 17.6 Jamaica 13.0 13.5 Surinam 6.8 6.7 USSR 5.8 5.8 Guyana 3.7? 3.7 France 3.3 ?3.3 Guinea 2.6 3.7 Greece 2.4 2.7' Others 15.8 16.1 TOTAL 67.7 73.1 Approved For Release 2002/08/15 : CIA-RDP86T0Q60'8R000600030033-8 Approved For Release 2002/08/15: CIA-RDP;86T00608ROfl060003003'3-8, 0 Zinc 1'4ine Production 1972-74 (thousand netric tons) Preliminary 1972 1973 1974 Canada 1,279 1,351 1,198 620 640 660 USSR Australia 507 478 428 US 477' 477 Peru 320 414 350 Japan 281 264 241 Mexico 272 271 254 Poland 222 210 216 Germany, F.R. 152 .152 154 North Korea 150 160 162 371 1 1,418 1,483 Others , 'TOTAL 5,651 5,835 5,642 ...r-.r-?..rt-*...-?f~..,..~v...w.. q,.,_..,..,.-......w.:.s..-..- ,...-w'.w....?,wr,..v.._w.tI..-..q.~.wn .w-,..n.i.f`..e?....~...-.....-f..- -....,..,-.ti.,-..~.r-..,....,...r?w....~..+,?_._., .. Approved For Release 2002/08/15: CIA-RDP86T0Q668I 00.0600030033 8 Approved For Release 2002/08/15: CIA-RDP86T00608R000600030033-8 Approved For Release 2002/08/15 : CIA-RDP86T00'608R000600030033-8 US USSR Australia Canada Peru Mexico Yugoslavia China, P.R. Bulgaria Others TOTAL 1972 585 495 1973 570 500 404 388 199 Preliminary 1974 179 180 124 132 130 132 965 974 3,518 3,564 3,515 M..`~'.w.`^.+..ww .-n..~^'hw.'F+.w?w......+n.y...p... {t-rV?~ -ti wn..ti~-wryw V?Mb~'FI~N-..a~e'1w...?.wy--~.,.. Le:,i ,'i ne Production 1972-74 (thousand metric tons) Approved For F Approved For Release 200210811'.: CIA-RDP86T00608R000600030033-8 (thousand metric tons) 1972 1973 1974 US 1,510 1,559 1,565 USSR 1,050 1,100 1,130 Canada 720 815 826 Chile 717 735 900 Zambia 718 707 698 Zaire 437 490 504 220 190 Peru 214 221 232 Philippines Papua/New Guinea Australia Others TOTAL 124 183 187 219 248 1,146 1,265 1,186 7,040 7,514 7,662 (thousand metric tons Estimated 1972 ? 1973 1974 Malaysia .76.8 72.3 68.1 Bolivia 32.4 28.6 29.4 China, R.P. 23.0 22.8 23.0 Thailand 22.1 ? 20.9 20.0 Indonesia 21.8 22.5 24.6 Others ? 56.4 54.0 52.0 TOTAL 232.5 221.1 217.1 Approved For Release 2002/08/15 : CIA-RDP86T00608R000600030033-8 Nprbved For Release , 2002/08/15' : CIA-RDP86T006Q5RQ005 0Q30Q3,3-8 , 3.972-74 Approved For Release 2002/08/15 : CIA-RDP86T00608R000600030033-8 23 April 1975 MM40RANDUM FOR: Dr. Sameul Rosenblatt Assistant Director Council on International Economic Policy SUBJECT : Requested Data for Seven Raw Material Conmiodities 1. Attached are the remainder of the tables your requested last week. Please note that the table on US production, consumption, exports, and imports of seven commodities has been revised to agree with the other tables on the U. S. 2. I am also attaching a brief description of the LME market and the US producers price for copper. The descriptions applies equally to lead and zinc. 3. If you have any questions you can reach me on 143-5868. office of Economic Researc Attachments: As stated Approved For Release 2002/08/15 : CIA-RDP86T00608R00000030033-8 STAT Approved For Release 2002/08/15 : CIA-RDP86T00608R000600030033-8 EC - Imports of Tin Metal - 1973 1973 From 14,815 Malaysia 7,154 Thailand 6,463 Indonesia 5,881 U.K. 4,279 Communist China 3,40 Nigeria 1,769 Netherlands 1,021 Zaire 4,560 Other Total EC Mine Production EC Tin Metal Production CIA/OER 23 April 1975 49,582 Approved For Release' 2002/08/15_: CIA-RDP86T00608RQ00600030033-8 Approved For Release 2002/08/15 : CIA-RDP86T00608R000600030033-8 EC - Imports of Lead - 1972 Source 1972 Australia 192,682 UK 64,115 Canada 55,560 Germany, F.R. 52,583 Belgium-Luxembourg 41,058 Mexico 31,601 Sweden 31,136 Netherlands 25;436 North Korea 24,820 Others 94,073 Total Imports in 1972 613,064 Mine Production .Refined Production EC Lead.Production 166,500 926,900 CIA/OER 23 April 1975 Appro e;dFor Release 20,02/08/15 CIA-RDP86 0 B 33=8 Approved For Release 2002/08/15 : CIA-RDP86T00608R000600030033-8 EC - Imports of Zinc - 1972 Source 1972 Belgiu.'n-Luxembourg 123,206 Canada 77,476 Australia 47,992 Netherlands 45,395 Finland 40,656 Germany, F.R. 36,601 Norway 32,413 North Korea 29,561 Bulgaria 23,512 Zaire 23,224 Others 83,798 Total Imports in 1972 563,834 362,600 1,152,400 CIA/OER 23 April 1975 Approved For Release 2002/08/15 : CIA-RDP86T00608R000600030033-8 ' EC - Imports of Copper - 1972 Source Zaire Zambia Chile Belgium-Luxembourg Others Total Imports in 1972 EC Copper Production Mine Production. .16, 400 Refined Production 913,700 CIA/OER 23 April 1975 Approved F.or Release 20.02/08/15 : CIA-RDP$6TQ0608R000600030033-$ ,.,Approved For Release 2002/08/15 CIA-RDP86T00608R000600030033-8 EC - Imports of Iron ore - 1972 Source 1972 Sweden 22,838 France 18,425 Brazil 18,087 Liberia 16,109 Others 41,174 Total Imports in 1972 116,633 EC Production of Iron Ore in 1972 75,107,000 CIA/OER 23 April 1975 Ap'proved,.For Release 2002/.08/15: CIA-RDP86T00608R0,006000300338 Approved For Release 2002/08/15 : CIA-RDP86T00608R000600030033-8 EC - Imports of Bauxite - 1973 1973 From 2,078,353 Australia 567,413 Yugoslavia 170,381 Guinea 342,464 Sierra Leone, Communist China 50,913 227,928 Greece 276,683 Ghana 707 35 Surinam , 2,646 U.S. 31,549 France French Guiana 2,305 952 2 West Germany , 64,085 Guyana 14,869 Netherlands 337 UK 618 2 Spain , 99,398 Hungary ? 36,124 Other 006,725 4 Total . EC Production of Bauxite , 3,350,600 Approved .For Release 2002/08/15-: CIA-RDP86T00608R0QO600030033-8 STAT Approved For Release 2002/08/15 : CIA-RDP86T00608R000600030033-8 Approved For Release 2002/08/15 : CIA-RDP86T00608R000600030033-8 Approved For Release 2002/08/15 CIA-RDP86T00608R000600030033-8 71 171-F 777 US Imports and Domestic Production of Lead (metric tons) Source 1974 Peru 60,045 Canada 50,967 Mexico 35,557 Australia 20,547 Honduras 16,802 Others 9,856 TOTAL Imports 193,774 US Production in 1974 Ores & Concentrates (contained metal) 605,500 Primary Refined 605,545 Secondary Refined 128,900 CIA/OER 23 April 1975 4pproved.For Release 2002/08/15: CIA-RDP86f00608R00000030033 8 _w? Approved For Release 2002/08/15 : CIA-RDP86T00608R000600030033-8 US Imports and Domestic Production of Tin Source Malaysia Bolivia Thailand Indonesia PRC UK Brazil Other TOTAL (metric tons) 1974 21,002 7,124 5,859 4,187 3,336 1,864 1,256 1,583 46,211 US Production in 1974 Refined Tin 7,900 (Primary and secondary) 23 April 1975 CIA/OER noroved For Release 2002/08/15- 1A-RDP86T0 608t3OOQ680(?30033-8 Source Approved For Release 2002/08/15 : CIA-RDP86T00608R000600030033-8 US Imports and Production of Bauxite (metric tons) 1974 Jamaica Surinam Dominican Republic Guinea Guyana Haiti TOTAL US Production 7,891,032 2,856,257 1,303,656 1,277,238 F15,757 595,435 14,539,375 2,006,000 US Imports of Alumina (metric tons) 1974 Australia 1,997,654 Jamaica 818,294 Surinam 430,013 Canada 17,237 France 9,072 Guyana 8,165 Others 9,979 TOTAL 3,290,414 STAT Approved For Release 2002/08/15 : CIA-RDP86T00608R000600030033-8 Next 4 Page(s) In Document Exempt Approved For Release 2002/08/15 : CIA-RDP86T00608R000600030033-8 Approved For Release 2002/08/15 : CIA-RDP86T00608R000600030033-8 US Imports and Production of Iron Ore in 1974 Source Canada Venezuela Brazil Liberia Peru Others TOTAL . 1974 20,019,402 15,625,435 6,677,852 2,774,039' 1,838,859 1,866,790 48,802,377 Approved For Release 20,Q2/08/15.: C1A-RDP.86T0O'608R0;00600030033. -8 Approved For Release 2002/08/15 : CIA-RDP86T00608R000600030033-8 US Imports and Domestic Production of Copper in 1974 (metric tons) Source 1974 Canada 128,500 Peru 100,000 Chile 121,100 South Africa 33,750 Others 151,900 TOTAL Imports 535,250 US Production in 1974 Ores & Concentrates (contained metal) 1,442,400 Primary blister 1,426,940 Secondary blister 73,480 Primary Refined 1,560,000 Secondary Refined 363,000 CIA/OER 23 April 1975 proved For, Release 20,02/0'8/15: ClA-RDP8~T00608, OO4600.030O33-8 p, Approved For Release 2002/08/15 : CIA-RDP86T00608R000600030033-8 US Imports 'and Domestic Productic, - Zinc in 1974 (-metric tons) Source Canada Japan Mexico Australia Belgium Zaire Others TOTAL Imports 1974 381,800 50,400 42,300 33,540 31,840 18,450 161,670 720,000 US Production in 1974 Slab Zinc Reprocessed GSA :fetal Total Smelter'Otuput CIA/OER 23 April 1975 448,725 496,060 40,525 536,885 Approved For Release 20Q2/0.8f1-5-:-?C1A-ROP86-T086&8RAOQ U?030033-$- ,'nu,,,.? r. iApprov2d Foe'R+ Tease 2002/08/15: CIA-RDP86T00608R000600030033-8 United States - 1974 (metric tons) Production Consumption Exports Imports 669,514 3,290,414 Alumina Bauxite 2,006,000 17,578,530 14 , 225 14,539,375 Copper 1,442,400 1,945,417 114,783 535,250 Tin Neg. 68,323 8,551 46,211 Lead 605,500 1,281,996 110,088 193,774 Zinc 448,725 1,224,720 18,144 720 , 000 Iron Ore 86,039,284 131,155,657 2,361,416 48,802,377 CIA/OER 23 April 1975 Approved For Release 2002/08/15CIA-RDP86T00608R000600030033-8 I Approved For Release 2002/08/15 : CIA-RDP86T00608R000600030033-8 World Co-)ner Priccs Copper prices set by producers and markets around the world rarely differ by. more than a few cents a pound and tend to move together with only short lags. The most important price setting market is the London Mletal ::change (L:iE) . Although the quantities of metal actually sold on the exchange account for only a small part of total world sales, the importance of the market is greatly enhanced. by the fact that the L.- price is widely used by many copper exporting countries in trade. At least half of r'ree World pri:..ary copper is sold at I,ME prices including r post of CIPEC produced copper. The widespread use of s'_'?' ==ices is based in part on the market's role as both a p sical market and a hedging market. On the physical market, copper is bought and sold at spot prices and moved physically through L-22' warehouses in London and c n the Continent. On the hedging =arket, 30 day, 60 day, a??,-i 90 day futures are bought and sold. The futures market enables the producer to sell his output at the time of shipment or even before, thus protecting hi.-self from possible market reverses and financial loss during the period that shipments are in transit. It serves the consumer by enabling him to secure his future needs at a definiteprice. The published futures prices are widely used by producers and consumers not Approved For-Release. 2Q02/QRLi __ __CIA-__RDP86T00608R000600030033-8 Approved ''or Release 2002/08/15 CIA-RDP86T00608R000600030033-8 dealing on the LriE and this activity accounts for much of the copper bought and sold at LME determined prices. The US prodcuer price is also a price of considerable importance because it is used for most primary copper refined in the United States. As the name suggests, the price is set by major US copper producers and is.iiot subject to the day to day fluctuations that occur on the LME. Although the US producer price and the LIME price differ, in the short run due to the volatility of LME prices and to the slc',aness of the fixed US producer price to reflect changing supply-demand conditions -- in fact the two prices rarely if ever coincide the US producer price follows the LNE price in the longer run, and-the spread rarely exceeds 10 cents a pound for longer than several months. CIA/OER 23 April 1975 ,~. pproue ase . ,_ 00600030033-8