Political and commercial geology and the world's mineral resources
Science
Political and commercial geology and the world's mineral resources
Geology, Economic; Mines and mineral resources
In 1916 with prices ranging from $15 to $93.50 per unit, the United
States produced 5,969 tons of concentrates; in 1917 while still under
the impetus of the 1916 boom, with prices ranging around $25 per unit,
6,144 tons; and in 1918, with prices still averaging about $25 per
unit, 5,041 tons, although little was produced in December. Under a
price of $17 per unit, which tariff advocates think can be reached
by means of a tariff of $10 per unit, it seems improbable that the
United States can depend on a production of more than 3,000 tons per
annum for the next three years. There are, of course, possibilities of
a larger production and there are equal possibilities of a smaller.
Should another great war take place, an event that is not beyond the
range of imagination, the United States would probably begin by using
tungsten at the rate of 20,000 tons of concentrates per annum. Unless
the price were even more extravagant than the highest price in 1916,
$93.50 per unit, the United States could not produce half of its needed
concentrates, and the time required to reach even that output would be
far too long for safety. Of course, such a production would be much
better than none, but the United States should, for safety, have within
reach at least a year’s supply.
The Pacific, around the borders of which are the largest tungsten
deposits, is by many looked upon as the next large theatre of war, and
however vitally they were needed, the obtaining of supplies of tungsten
ores might become impossible though the blocking of trade routes.
It would, therefore, seem vastly better that, instead of putting a
premium on the quick depletion of our own supplies, which are already
too meager, we should use the rich low-priced ores now being mined in
the Orient. These cheap ores we may have in trade for the asking, and
it would be one of the best forms of national life insurance for the
government to store 10,000 tons of these ores while they may be had.
Public-domain text, read in full here on John Shaqi.
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