MATERIAL FOR INDUSTRY

Press, Volume XCIX, Issue 29380, 6 December 1960, Page 18

MATERIAL FOR INDUSTRY

Imports By U.S. Predicted

(N.Z. Press Association —Copyright)

WASHINGTON, December 5. By 1980, the United States and Canada would need twice the amount of industrial raw materials they now consume and would have to seek some of them outside North America, a committee of experts has reported. The Canadian-American committee, composed of 60 trade experts from both countries, said in a report that during the next two decades “both countries will become more dependent upon sources of supply outside the North American continent.” The report also foresaw “great increases" in raw materials shipments between the United States and Canada. The two countries already use half the world’s production of crude petroleum, a third of its iron ore and copper, and four-fifths of its natural gas. The study predicted that the United States would "rely to a much greater extent upon Canadian sources of industrial raw materials,” with the biggest increases in Iron ore, natural gas, nickel, and asbestos. It said Canada would become more dependent on United States coal, molybdenum, and phosphates. Both countries, it said, were expected ,to increase greatly their imports from outside North America in chromite, manganese, tungsten, alumina and bauxite, tin, and fluorspar.