REQUESTED DATA FOR SIX RAW MATERIAL COMMODITIES

• Document Type: CREST
• Collection: General CIA Records
• 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
• Publication Date: April 18, 1975
• Content Type: MF

 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
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o-7S.o( -- -75
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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
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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
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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
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 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....~..+,?_._., ..
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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
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 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
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STAT
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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
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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
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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
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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
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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
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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
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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
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 Source
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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
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Next 4 Page(s) In Document Exempt
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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
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 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
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p,
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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
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 ,'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
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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
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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
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