Other Countries And The Minerals Industry

China?s New Steel Complex Postponed. - The planned $5 billion Baoshan Steel Works near Shanghai is being laid aside for 6 months to a year, and may be abandoned altogether. The second phase of construction, in which Wean United, Inc., of Pittsburgh was a major participant, has definitely been cancelled. Over $1 billion had been committed to the 6 million-ton-per-year plant. U.S. Firm Develops South African Fluorspar. - The Armco Bronne Co. of Middletown, Ohio, plans to spend $27 million to develop a fluorspar mine in the Republic of South Africa, With fluorspar reserves at 20 million metric tons, the project is planned to produce 200,000 tons Per year of fluorspar for export starting in 1983. U.S.S.R. Resumes Sales of Titanium Sponge. - Against a background of increased U.S. titanium sponge supplies, the Soviet Union is offering limited quantities of this commodity to the U.S. market at approximately $10.00 per pound, down from $25.00 per pound last year.