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Explaining Metals Prices - Economic Analysis of Metals Markets in the 1980s and 1990s (Paperback, Softcover reprint of the original 1st ed. 1988)
Loot Price: R2,887
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Explaining Metals Prices - Economic Analysis of Metals Markets in the 1980s and 1990s (Paperback, Softcover reprint of the original 1st ed. 1988)
Series: Rochester Studies in Managerial Economics and Policy, 5
Expected to ship within 10 - 15 working days
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Work on this book began in the Spring of 1983, not long after an
Amax Corporation annual budget meeting. As a member of the Amax
board of directors since 1979, I had been present at such meetings
in which the molybdenum price had been forecast to move higher than
$7.00 per pound. The actual annual average prices were $9.70 in
1980, $8.50 in 1981, and $4.00 in 1982. The forecast for 1983
called for prices to return to higher levels, but as both dealer
and producer prices declined further, my research began in earnest.
Initially, the research was to address the question of why the
molybdenum price had declined by more than half in a short period.
More fundamental, as other metals prices also declined, was an
impelling need to know the causes of the abrupt and sustained
reduction in metals price levels that year. As prices stayed at low
levels, while those of other materials recovered over the 1983-1986
period, the question became that of why metals prices had remained
at startlingly low levels for over five years.
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