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Strategic Metals #276543

CBS Evening News for Thursday, Apr 16, 1981
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(Studio) Recent government announcement with regard to purchase of cobalt and plans to sell silver recalled.
REPORTER: Dan Rather

(London, England) Incring. popularity of strategic metals such as chromium discussed; films shown. [Investment adviser James SINCLAIR - notes importance of strategic metals.] Bache noted 1st brokerage firm to sell the metals to private buyers; importance of strategic metals to modern technology in industry and defense examined. Names and locations of some metals discussed; impact of Zaire's 1978 war on cobalt prices recalled. [Representative James SANTINI - says USSR has instituted resource war; explains.] [Metals trader Leonard HILLYARD, Peter ROBBINS - discuss current status of market] Sec. surrounding market illustrated by Rotterdam warehouse; details given. Lack of regulation preventing manipulation of market and risks involved for the investor noted.
REPORTER: Martha Teichner

Reporter(s):
Rather, Dan;
Teichner, Martha
Duration:
00:04:10

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