Bureau of Mines / Minerals yearbook: Metals, minerals, and fuels 1972
Year 1972, Volume 1 (1972)
Ashley, Burton E.
Cadmium, pp. 227-233 ff. PDF (619.4 KB)
227 -Cadmium By Burton E. Ashley' Strengthening interest in cadmium was presaged by rising producers' prices that increased from $1.50 early in the year, to $3.00 per pound at yearend. Domestic production of cadmium metal, at 8.3 million pounds, gained 5% over the 1971 level, and value of producer shipments increased by 93% to $19 million. Apparent consumption rose 16% to 12.6 million pounds. Seven companies operating eight plants accounted for all domestic output. Export trade in cadmium increased considerably from the 1971 quan-tity of 66,000 pounds to slightly over 1 million pounds; imports for the year declined by 31% to 2.4 million pounds. Legislation and Government Programs. —Sales from the national stockpile amounted to 959,100 pounds; such sales were authorized by Public Law 91—314 of July 10, 1970. At yearend a total of 9,213,358 pounds of cadmium remained in the stockpile, of which 3,213,358 pounds was available for disposal. The stockpile objective remained at 6.0 million pounds- On January 10, General Services Administration (GSA) announced that 600,000 pounds of cadmium ingot and slab would be available for sale at $1.58 per pound, f.o.b. storage location, in lots of 2,000 pounds or more, and at $1.63 per pound in lots of less than 2,000 pounds. Sticks in lots of more, or less, than 2,000 pounds were priced at $1.70 and $1.75 per pound, respectively. This offering - was disposed of by February 1. On April 3 an additional 600,000 pounds was pu-t on sale; sticks were priced at $2.55 per pound in lots of 2,000 pounds or more and at $2.60 per pound in lots of less than 2,000 pounds. Slabs and ingots brought $2.43 per pound in lots of less than 2,000 pounds. Disposals in the second quarter amounted to 260,100 pounds. On July 6, GSA announced the availability from the stockpile of 600,000 pounds of cadmium in stick form at $2.55 per pound in lots of 2,000 pounds or more and at $2.60 per pound in lots of less than 2,000 pounds. No cadmium was sold at this offering. For the last quarter of the year cadmium sticks from the stockpile were priced at $2.95 and $3.00 per pound in quantities of 2,000 pounds and more and for lots of less than 2,000 pounds, respectively. Disposals amounted to 99,000 pounds, of which 10,000 pounds was bartered. At midyear the U.S. Department of the Treasury announced that cadmium from Japan had been imported at less than fair value and that an industry had been injured. As a consequence, special dumping duties were to be assessed on the subject merchandise imported at less than fair value after March 24, 1971. Duties were to be assessed on a case-by-case basis and any sales made at fair value would not be subject to dumping duties. The Office of Minerals Exploration, U.S. Geological Survey, provides up to 50% of allowable costs of exploration for cadmium to eligible participants. Cadmium producers were granted a depletion allowance of 22% on domestic production and 14% on foreign production. DOMESTIC PRODUCTION Domestic production of cadmium metal duction for 1972, at 8.3 million pounds, was fairly uniform at slightly more than 2 gained 5% over the 1971 level. Value of million pounds for each quarter of the year, except for the third quarter when 1 Physical scientist, Division of Nonferrous Met- output was 1.9 million pounds. Total pro- als.
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