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Copper #285461

CBS Evening News for Thursday, Aug 19, 1982
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(Studio) Wide use of copper noted.
REPORTER: Dan Rather

(Morenci, Arizona) Phelps Dodge copper mine reported suspending operations due to drop in copper prices; number laid off as result noted. [Gilbert TAPIA - didn't anticipate joblessness.] Possible permanent decline in copper industry examined. [Copper analyst George CLEAVER - notes industry is only marginally competitive with international copper exporters.] Basis of problem explained. [Phelps Dodge board chairperson George MONROE - comments on likely trend.] Related inds. affected by international market discussed. [Sociologist Amitai ETZIONI - considers fabric of United States industry is breaking down; calls for reindustrialization. Explains.] [CLEAVER - disagrees.] [Steve ABRAMS - explains moving to Texas.] [CLEAVER - ~comments.] [TAPIA - calls for prayer.] [ETZIONI - comments.]

Rabel, Ed;
Rather, Dan

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