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Copper Overcapacity and the Adjustment Process

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  • RAYMOND F. MIKESELL

Abstract

This article analyses overcapacity in the world copper industry during the 1980s and reviews projections of mine capacity to 1990 and 1996 by the research staffs of the World Bank, the International Wrought Copper Council, and the Intergovernmental Council of Copper Exporting Countries. The process of restoring demand‐supply balance in the copper industry is analysed under alternative assumptions for rates of growth in world consumption and certain conclusions are reached on the implications for copper prices during the 1990s.

Suggested Citation

  • Raymond F. Mikesell, 1988. "Copper Overcapacity and the Adjustment Process," Natural Resources Forum, Blackwell Publishing, vol. 12(1), pages 5-17, February.
    • Handle: RePEc:wly:natres:v:12:y:1988:i:1:p:5-17
    DOI: 10.1111/j.1477-8947.1988.tb00798.x
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    References listed on IDEAS

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    1. Aldo F. Barsotti & Rodney D. Rosenkranz, 1983. "Estimated Costs for the Recovery of Copper from Demonstrated Resources in Market Economy Countries," Natural Resources Forum, Blackwell Publishing, vol. 7(2), pages 99-113, April.
    2. Markowski, Aleksander & Radetzki, Marian & Radetzki, Marian & Radetzki, Marian, 1987. "State ownership and the price sensitivity of supply : The case of the copper mining industry," Resources Policy, Elsevier, vol. 13(1), pages 19-34, March.
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