Pinch point (economics)

A pinch-point is the level of inventories of a commodity or product below which consumers of that commodity or product become concerned about security of supply.

Background

When inventories are below the pinch-point, small changes in the balance of supply and demand can cause large changes in the price of the commodity or product.[1][2]

The term was suggested in 1988 by Walter Curlook (Executive Vice-President of Inco Ltd) and was first published by Raymond Goldie with Rob Maiman in 1990.[1] In 2000 Raymond Goldie trademarked the term.

gollark: What is "leg day"? Is it some culture's day devoted to leg worship?
gollark: It turned out to have been a transient network failure which was automatically handled anyway.
gollark: ++delete mosquitoes
gollark: I'll go check on it.
gollark: ... huh, the actual dedicated ABR server seems to be down.

See also

References
  1. Goldie, Raymond; Maiman, Rob (1990). Pacific Rim 90 Congress. Australasian Institute of Mining and Metallurgy.
  2. Goldie, Raymond (2005). Inco Comes to Labrador. t. John's, Newfoundland, Canada: Flanker Press. p. 61-62. ISBN 1-894463-75-7.
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