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FAVOURABLE MARKET

AUSTRALIAN BASE METAI/S Apparently rendered surplus through tapering of the munitions programme, large quantities or Australian base metals are now going overseas, both from current production and reserve stocks. Compared with the corresponding period of 1943-44, a shipments of lead In the form of metal and concentrates increased by £2,250,000 for the nine months ended March last. Owing to better returns for refined metal, zinc exports during the same period maintained the high value reached in the previous trade year. Temporary difficulties of disposal in the local market, owing to Government stock releases and industrial controls, were mentioned by Electrolytic Zinc's chairman some months back. Export Income from lead and spelter for the nine months to June was £5,005,000 and £1,800,000 respectively, against £3,760,000 and £2,295,000 In the corresponding period last year. Britain has provided the chief market under fj an agreement by which prices are adjusted ia accordance with specified movements in costs. After Pearl Harbour U.S.A. also bought strongly.

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https://paperspast.natlib.govt.nz/newspapers/AS19450723.2.28.3

Bibliographic details

FAVOURABLE MARKET, Auckland Star, Volume LXXVI, Issue 172, 23 July 1945

Word Count
163

FAVOURABLE MARKET Auckland Star, Volume LXXVI, Issue 172, 23 July 1945

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