WASHINGTON,
D.C. -- (MetalsNews.com, January 30, 2012) - Reported by USGS National Mineral Information
Center.,The value of mineral production in the United States increased by 12
percent in 2011 from that of 2010, suggesting that the nonfuel minerals
industries, particularly metals, continued to recover from the economic
recession that began in December 2007 and lasted well into 2009.
The value of
raw, nonfuel minerals mined in the United States was $74 billion in 2011, up
from $66 billion in 2010, according to the U.S. Geological Survey’s annual
release of mineral production statistics and summary of events and trends
affecting domestic and global nonfuel minerals.
"Information
in the Mineral Commodity Summaries helps business leaders, policy makers,
managers, and anyone else understand the critically important flow of minerals
through the supply chain and how they are contributing to, and reflecting the
health of, our nation's economy," said USGS director Marcia McNutt.
"For example, in 2011 domestic recycled metallic and mineral materials
alone contributed $32 billion to our economy."
The metals
sector was marked by higher prices for many domestically mined metals, resulting
in a 23 percent increase in the value of domestic metal production. The
non-metallic minerals sector increased by 3 percent, the first increase since
2007.
U.S.
dependence on foreign sources for minerals increased, continuing a trend that
has been evident for more than 30 years. The United States relied on foreign
sources to supply more than 50 percent of domestic consumption of 43 mineral
commodities in 2011. The United States was 100 percent reliant on imports for
19 mineral commodities in 2011.
Minerals are
a fundamental component of the U.S. economy. Final products, such as cars and
houses, produced by major U.S. industries using mineral materials made up about
15 percent (more than $2.2 trillion) of the 2011 gross domestic product.
Domestic raw materials and domestically recycled materials were used to process
and produce mineral materials worth $633 billion, such as aluminum, brick,
copper, fertilizers, and steel. These products were, in turn, used to produce
cars, houses, and other products.
The report,
Mineral Commodity Summaries 2012, is an annual report that includes statistics
on about 90 mineral commodities and addresses events, trends, and issues in the
domestic and international minerals industries. The report is used by public
and private sector analysts regarding planning and decision-making for
government and business.
The USGS is
the sole Federal provider of objective resource assessments and unbiased
research results on mineral potential, production, and consumption. The USGS
collects, analyzes, and disseminates current data on minerals industries in the
United States and about 180 other countries.
The USGS
report “Mineral Commodity Summaries 2012” is available online. Hardcopies will
be available in February from the Government Printing Office, Superintendent of
Documents. For ordering information, please call (202) 512-1800 or (866)
512-1800 or go online.
For more
information on this report and individual mineral commodities, please visit the
USGS National Mineral Information
Center.
USGS
provides science for a changing world. Visit USGS.gov,
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contacts within this release are valid at the time of publication.