XERO . '(l" '
The Copper Situation Pa~e 2 May 31, 1966
lt would be my hope that out of the l1. N. Meeting .. vould come the
creation o! a copper study group lor the parpoee of atabilb .• production/
price and employment so that in that way the copper induatry would not
be eubject to the ups and downe which have plagued lt over the paet several
It ls my intention to diecuss this matter !urthcr with the State
Department, and to seek the ndv~ce o~ t!le copper industry on ways and
mea.-1a to bring about if posaible a ated?y stablli:t.atlon o£ the industry on
a world-wide basis. As the largest consumer o! copper and copper
products lt is imperative that we !ace up to this problem o£ the gap between
supplies and demand, and tho need !or corrective action, to not only bring
stability to the industry but to see that its proper markets are maintained
and not taken o.Jer by aubstltutes l£ the prlcc gets too high.
Only laet Sund3.y, copper was :Jelling !or 75~ per pound in amall
lote in ChUe, and according to m y tn!orma.tion, it is above that price in
London and also ln certab other areas aa well.
Tbla lea eltuation woll worth the creation of a copper :study group
under U.N. auapic:ee •
Mike Mansfield Papers, Series 21, Box 43, Folder 39, Mansfield Library, University of Montana
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