From the Eizenstat Report: "Spain and particularly Portugal
provided Germany with invaluable supplies of wolfram (tungsten)
required in the steel-hardening process. Spain also supplied
iron, ore, mercury, and zinc." "Negotiations with Spain
regarding German assets and looted gold were protracted and
yielded only a token amount. The Allies suspected that Spain
held about $30 million in gold looted by the Nazis and another
$30-39 million in other German assets. The Allies reached an
agreement with Spain on looted gold through an exchange of notes
in May 1948. In 1949, Spain turned over to the Tripartite Gold
Commission $114,329 in looted gold. An accord on the disposition
of German assets in Spain was not reached until April 1948, by
which time the U.S was seeking access to Spanish bases. Some of
the proceeds from the liquidation of German assets (about $36
million) were distributed to IAPA nations, but none was slated
for non-repatriable victims. In November1949, the Allies
registered a protest over Spain's im