In Britain it was reported on Friday (7 July) that copper prices had led a general downturn on the London metal exchange.
GV: delegates to Copper Producing Nations (CIPEC) Conference arriving and being greeted by members of Zaire Foreign Affairs department. (2 shots)
SV: delegates arriving
GV: Zairian First Secretary of State Mpinga Kasenda arriving and being greeted.
SV: kasenda walking into conference centre
SV: delegates seated inside hall.
SV: Kasenda speaking in French.
Speaking in Lusaka on 29 June West German Chancellor helmut Schmidt pledged that he would do his best to bring about an improvement for Zambia in its position in relation to copper. Zaire's neighbour to the south Zambia is 95 percent dependent on copper for its foreign exchange revenues.
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Background: In Britain it was reported on Friday (7 July) that copper prices had led a general downturn on the London metal exchange. The market was not encouraged by reports from the 13th Conference of Copper Producing Nations -- CIPEC -- which opened in Kinshasa, Zaire, earlier this week.
SYNOPSIS: The conference lasted for three days and was attended by delegates from several countries, including Peru -- and for the first time Mauritania and New Guinea. According to the Zaire News Agency the focal point of their discussions was the consideration of proposals to stabilise world copper prices.
Zairian First State Commissioner Professor Mpinga Kasenda was present at the opening session. The Conference is expected to submit proposals for fixing the price of copper to the United Nations Conference on trade and Development meeting in Geneva later this month.
In his opening address Professor Kasenda said that positive measures resulting from efforts to re-vitalise international trade would not take effect unless members of CIPEC could transcend the limited interests of their individual countries. He also said solidarity and concerted action was needed. Sacha Gueronik. Executive Director of CIPEC said the meeting had taken no spectacular decisions, but had adopted a more realistic approach to the market.