Developing Countries and Non-Fuel Minerals
Bibliographic Data
| ID | 3373683 |
|---|---|
| Authors | Bension Varon, Kenji Takeuchi (0000-0002-6180-7663) |
| Year | 1974 |
| Volume | 52 |
| Issue | 3 |
| Pages | 497 |
| Publication date | 1974-01-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Foreign Affairs (JOURNAL) |
| Journal identifiers | ISSN: 0015-7120 • E-ISSN: 2327-7793 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/20038066 |
| OpenAlex | W2161454000 |
| Language | EN |
| Citations received | 5 |
Trends in the world market place for nine major minerals, iron ore, bauxite, copper, manganese ore, lead, nickel, phosphate rock, zinc, and tin are discussed. Demand for bauxite, nickel, and phosphate rock is anticipated to increase faster than economic activity generally. Demand for iron ore, manganese ore, copper, and zinc will expand at rates of 4 to 4.5 percent per year. Lead and tin are estimated to increase at rates of 3.0 and 1.2 percent respectively. World reserves are ample for phosphate rock, iron ore, bauxite, nickel, and manganese ore; proven reserves for copper, lead, and zinc are expected to last 30 years or less; tin reserves are very low. Prices in the United States in 1973 have been very high due to currency adjustments, sharp upturns in industrial activity, and serious supply problems. Analysis of economic forces suggests that prices will drop in the following years. Developing countries' exports of these nine minerals are likely to increase from $4.8 billion in 1967-69 to $15.2 billion in 1980. Stockpiles, recycling possibilities, and substitution mitigate against the likelihood of an OPEC type cartel among mineral suppliers
Business · Development economics · Economics · Natural resource economics · Political science · Extraction and Separation Processes
| Citations per year | 0.1 |
|---|---|
| Citation span | 1974 - 1982 (9) |
| Highly cited | No |