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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Dec 21, 1950
Page
13
The government plans to cut civilian use of strategic metals by 15 to 40 percent and curb copper and aluminum in civilian goods in order to stockpile for a larger Army. Officials will ban conversion deals to divert metal from the gray market, triggering a scramble before new rules take effect January 1.
The official price for copper producers and smelters is cited as two cents. Manufacturers and scrap dealers have been buying copper at this rate to fuel production, while smelters and importers face higher costs. Overall, smelting facilities report rising costs and constrained supply, with scrap dealers holding back supplies from the customs smelter due to the shortage.
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