THE METALS MALADY
THE United Nations General Assembly reverberated last week with protests from the world's tin-producing nations against Russian dumping of tin on the world market. Delegates from tin-rich Bolivia, Malaya, Indonesia and Thailand complained bitterly that a price slump caused by Russian dumping threatened to undermine their economies. The trouble was not confined to tin producers; for many a nation economically dependent on a single metal or commodity, fluctuations in price and demand have become an economic nightmare.
As the biggest user of many raw materials, the U.S. has not only a...
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