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Copper market woes hit Papago mine and U S copper
The Hecla Mining Co and El Paso Natural Gas Co struggle to sell the Papago Reservation copper mine near Casa Grande as prices slump. Copper has fallen from 1.50 to about 0.70 per pound, hurting producers like Kennecott and lifting imports from Peru, Zaire, Chile, and Zambia. President Carter rejects a 300000 ton import quota, fearing inflation and trade disruption.
MENTIONED IN THIS ARTICLE
N.Y. Times
Los Angeles
Hecla Mining Co
el Paso Natural Gas Co
Papago Indian
Casa Grande
Arizona
Hecla
FE Paso
Kennecott Copper
Peru
Zaire
Chile
Zambia
Robert Strauss
Las Vegas
Geneva
Switzerland
United States