The state would merely have to make sure that its statutory scheme advantaged at least one company that engaged in transactions that cross state lines, such as ordering raw materials from out of state or selling products outside the state.
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Countries such as Australia and Indonesia have fed China's growing appetite for commodities and raw materials such as coal, iron ore and palm oil.
Commodity producers, such as Russia, have benefited from very high raw-materials prices whereas for consumers, such as China and India, the gains from higher global activity have more than offset higher commodity costs.
Although the prices of some goods (such as energy and industrial raw materials) could pick up in 2003, the effect will probably be balanced by continuing falls in the prices of most services.
Almost all transactions are between businesses for big-ticket items such as tractors and trainloads of raw materials.
The Swiss-based company supplies raw materials such as oil, copper and wheat and owns plants, warehouses and mines.
South Africa's exports to China have more than doubled in five years, and increasingly they are raw materials such as coal and gold, not manufactures.
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Mr. Ohlsson said declining costs for raw materials such as cotton and wood likely would allow the company to cut prices another 1% this fiscal year.
As China has become more industrialized, it has become Australia's biggest trading partner and buyer of its commodities, including raw materials such as copper and iron ore.
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But producers of raw materials, such as Australia, Brazil and South Africa, have gained handsomely over the past couple of years.
Like the 1970s, Tillman sees this decade as one in which financial assets become less valuable than hard assets such as real estate, metals, raw materials and even collectibles.
Such purchases of raw materials still count as U.S. imports in balance of trade.
At the same time, big infrastructure projects, another key driver of China's growth, have driven up demand for raw materials from resource-rich countries such as Indonesia.
It brings up many questions, such as if the final place of assembly counts as the country of origin, or if a certain percent of the raw materials are made overseas, for instance.
He bequeathed to his son two precious gifts: a love of language, and a passion for the raw materials of life and industry timber, such as western red cedar, metals, stones and minerals.
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Despite continued sluggishness in major markets and a rise in the cost of raw materials, the company will continue to efficiently allocate resources and develop differentiated products such as the Blast Chiller refrigerator.
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The premise: Buy up lots of small companies in a fragmented business--such as used cars, funeral homes, office products, food distribution and medical diagnostics--then purchase raw materials in bulk to cut costs.
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