COPPER PRODUCTION
RESTRICTION SCHEME Copper producing companies operating under the restriction scheme have extended the period to July 1, 1938. Since the plan came into force on June •1, 1935, the metal has risen by nearly £lO a ton. Production and marketing are embraced in the scheme, which covers about 75 per cent of the copper production outside the United States, V Russia, and Japan, or approximately 750,000 tons per annum. It provides for a 30 per cent, curtailment, amounting to 240,000 tons a year, as from June 1, 1985. The United States has entered into a “ gentlemen’s agreement ” to limit exports to about 8,000 tons a month. Russia and Japan import copper in addition to their respective outputs World production of copper in 1935 was 1,531,000 tons, against 1,301,800 tons in 1934. Consumption, on the other hand, rose by 286,900 tons to 1,616,800 tons. Thus stocks became reduced from 591,000 tons to 485,000 tons. A further though moderate curtailment has since taken place. The Mount ■byell Mining and Railway Company] Ltd. has benefited from the higher vrwuyp jtrke <4 the jpetaL,
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Evening Star, Issue 22353, 1 June 1936, Page 13
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182COPPER PRODUCTION Evening Star, Issue 22353, 1 June 1936, Page 13
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