COPPER: Where Is It Coming From?

Although 90% occupied with defense business, Revere Copper & Brass, copper fabricator, last week revealed that it had laid off 1,100 workers, 12% of its working force. It just could not get enough copper. Neither can the U.S.—OPM foresees a 770,000-ton (30%) gap between 1942 needs and supplies. Problem of the week was how to narrow this gap.

Price. One step was to set up a two-price system for copper. Year ago (TIME, Dec. 2) the Government figured out that increasing prices would not increase U.S. copper production more than a drop in...

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