Salt Lake Telegram | 1938-10-17 | Page 15 | Copper Cartel Removes Bans

COPPER CARTEL REMOVES BANS LONDON Oct Od 17 OP The RI-The The strong demand for copper brought about abou abut by the British rearmament program and the contemplated increase in American defenses resulted Monday in the removal of restrictions on production by those producers as associated associated as- as a- a in the te international copper cartel The Tue producing areas principally affected by the removal of re restrictions restrictions re- re are Rhodesia Chile and the Belgian Congo The American copper companies are not associated in the cartel except except ex ex- as a to some of their sub sub- International Nickel a a major Canadian Canadian Canadian Ca Ca- nadian producer and Cerro de Pasco Pas Pas- Pa- Pa Paco co a large Peruvian producer also al are not in the cartel carel and were not nol affected by restrictions imposed by the he cartel Russia also alo is not in the cartel The restriction was removed as of October 15 for whatever pe period period pe- pe nod is considered advisable the cartel said The resulting increase in production ion tion ton copper circles felt felt may check the he upward trend in prices which has h las been in progress for some time