Structural Change in the Metals Industry: A Quantitative Assessment

John Soladay

Natural Resources Forum, 1988, vol. 12, issue 4, 315-337

Abstract: This study examines the major changes that have occurred in the metals industry over the past 35 years. A quantitative assessment of the impact of these changes on consumption and production is provided. The study finds that the slowing down in industrial activity in the metals‐using sector, which began in the early 1970s, is the major factor behind the weak growth in metals consumption. The structural changes which have affected demand are minor in comparison. On the supply side, the dominant factor behind relatively high production is the overhang of mine capacity that had been built in aicipation of much higher metals consumption. Again, the structural factors are relatively unimportant.

Date: 1988
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https://doi.org/10.1111/j.1477-8947.1988.tb00833.x

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Persistent link: https://EconPapers.repec.org/RePEc:wly:natres:v:12:y:1988:i:4:p:315-337

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