The Future of the Copper Industry

In view of the alarm expressed in many quarters over the increased production of copper to come from Canada and Africa in the future, it is of interest to study the history of the principal producing districts of the world and to attempt to forecast the future part to be played by them. Tables 1 and 2 record the world production and that of the United States, together with their respective rates of increase, both in percentage and actual amounts. The important point in this record is the decline in rates of increase for both the world and the United States, but more particularly in that of the latter, since 1881. The increase for the United States in the last decade is less than that for any decade since 1881, and is only 20 per cent of that for the decade 1911-20. The increase for the world is less than that for the two preceding decades, and is only about 65 per cent of the war decade 1911-20. Referring to Table 1, the decade 1871to1880 showed an increase of 32.l per cent in the world's production, which was the low until the last decade, ending 1930, which shows an increase of only 24.5 per cent. These decades both represent periods of economic stress following wars. In the first case the recovery was very sharp, the percentage increase in 1881-90 reaching a high of 86.4 per cent. It would seem dangerous, however, to assume that a similar high will be reached in the next ten years, because of the severity of the depression brought about by the Great War and the probability of its influence extending well into the next decade.