By Patricia Perkins

The U.S. holds strategic stockpiles of approximately a hundred commercial minerals, metals, and different commodities. those stockpiles have encouraged the realm commodity markets in lots of methods. This paintings brings jointly in a single position, documentary and statistical proof concerning the measurement and nature of the U.S. strategic stockpiles, and the ways that this effect has been evidenced, in markets for the real commercial metals.

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Extra info for World Metal Markets: The United States Strategic Stockpile and Global Market Influence

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Wheat, wool, corn, and other products for foreign-produced commodities. S. laws further affected the stockpile in the same period: the Economic Cooperation Act of 1948 and the Mutual Security Act of 1951. These laws provided that the United States would purchase materials for the stockpile from "participating" foreign countries, and that funds would be provided to these countries to help "promote ... 11 34 STOCKPILE HISTORY AND POLICY FREE MARKET OR MARKET INTERVENTION? S. stockpiles were built up in the late 1940s and 1950s through a complex series of domestic and foreign minerals purchase programs, most of which had several political purposes.

These were modified, based on the shortfall-risk-by-tier factors, and materials substitution possibilities were also considered. , ability to sustain stockpile material exports in wartime, dependability of the labor force in wartime, (and) vulnerability to sabotage. S. import dependence. The agencies involved in this final stockpile goal adjustment process are not named in the document. In sum, an elaborate procedure was used for generating stockpile objectives, but its results were subject to discretionary modification by the administration in the final stages before the objectives were announced.

THE GROWTH OF THE STOCKPILE 35 2. Section 3(a)(2) of the 1946 Act refers to title III of the Act of March 3, 1933 (47 Stat. 1520), which states, "Unless the head of the department of independent establishment concerned shall determine it to be inconsistent with the public interest, or the cost to be unreasonable, only such ... materials and supplies as have been mined or produced in the United States ... " Quoted in McClure, 419. 3. McClure, 426. 4. , 428. See also J. D. Morgan, Strategic Minerals Overview, unpublished paper presented at the Foreign Service Institute, Science Symposium, 4 March 1981; quoted in Ewan W.

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