ABSTRACT
The emergence of CIPEC and the recent activities of UNCTAD and of the Raw Materials Commission of the Paris Conference on International Economic Cooperation (initiated in December 1975) have focused world attention on "stabilization" of the copper industry. Stabilization is a loosely employed term and is often confused with maintaining prices at some desired level or adjusting them in relation to other prices, that is, maintaining a "real" price by applying a general price index to a nominal base price. Stabilization is sometimes used to describe a system of floor prices or indexed floor prices with no ceilings.
