COMMODITIES: Help for Bolivia

The U.S., which already has an adequate tin stockpile, last week signed a contract to buy 10.000 tons of tin concentrates during the next year from Bolivia. The price: the New York market quotation at the time of delivery. For Bolivia, whose economy is almost totally dependent on tin production (tin exports give it more than 80% of its foreign exchange), the agreement meant a guaranteed market for a third of its output, and a chance to bolster its sagging economy.

The contract broke a long deadlock between the U.S. and Bolivia's revolutionary government. Ever since the RFC stopped buying...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!