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March 20, 2014 --- Vol. 08, No. 12March 2014

USGS: US mineral production value down on lower metals prices

The U.S. Geological Survey estimates that the value of mineral production in the United States during 2013 was $74.3 billion, a slight decrease from $75.8 billion in 2012. According to the USGS Mineral Commodity Summaries 2014 report, the 2013 decrease follows three consecutive years of increases. Net U.S. exports of mineral raw materials and old scrap contributed an additional $15.8 billion to the U.S. economy.

“To put this in context, the $90.1 billion value of combined mined, exported, and recycled raw materials is more than five times greater than the 2013 combined net revenues of Internet titans: Amazon, Facebook, Google, and Yahoo. This illustrates the fundamental importance of mineral resources to the nation’s economy, technology, and national security,” said USGS Mineral Resources Program Coordinator Larry Meinert.

Minerals remain fundamental to the U.S. economy, contributing to the real gross domestic product at several levels, including mining, processing, and manufacturing finished products. The U.S. continues to rely on foreign sources for raw and processed mineral materials.

In 2013, 12 states each produced more than $2 billion worth of non-fuel mineral commodities. These states were, in descending order of value—Nevada, Arizona, Minnesota, Florida, Texas, Alaska, Utah, California, Wyoming, Missouri, Michigan, and Colorado. The mineral production of these states accounted for 64 percent of the U.S. total output value.

Mine production of 14 mineral commodities was worth more than $1 billion each in the U.S. in 2013. These were, in decreasing order of value, crushed stone, gold, copper, cement, construction sand and gravel, iron ore (shipped), molybdenum concentrates, phosphate rock, industrial sand and gravel, lime, soda ash, salt, zinc, and clays (all types).

The USGS reports that improvements in the construction industry that began in 2012 continued in 2013. This coincides with an increase in the production and consumption of cement, construction sand and gravel, crushed stone, and gypsum – mineral commodities that are used almost exclusively in construction.

Production increased for most industrial mineral commodities mined in the U.S., and the prices of these commodities remained stable during 2013. Industrial mineral commodities include cement, clays, crushed stone, phosphate rock, salt, sand and gravel, and soda ash, which are used in construction and chemical manufacturing.

Production of most metals was relatively unchanged compared with that of 2012, but reduced prices resulted in an overall reduction in the value of metals produced. Domestically produced metals include copper, gold, iron, molybdenum, and zinc, which are used in a wide variety of products including consumer goods, electronic devices, industrial equipment, and transportation systems.

Domestic raw materials and domestically recycled materials were used to process mineral materials worth $665 billion. These mineral materials, including aluminum, brick, copper, fertilizers, and steel, and net imports of processed materials (worth about $24 billion) were, in turn, consumed by downstream industries with a value added of an estimated $2.4 trillion in 2013.

This annual USGS Mineral Commodity Summaries includes statistics on about 90 mineral commodities essential to the U.S. economy and national security, and addresses events, trends, and issues in the domestic and international minerals industries.

“Decision makers and policy makers in the private and public sectors rely on the Mineral Commodity Summaries and other USGS minerals information publications as unbiased sources of information to make business decisions and national policy,” said Michael Magyar, acting director of the USGS National Minerals Information Center.

The USGS report “Mineral Commodity Summaries 2014” is available at http://minerals.usgs.gov/minerals/pubs/mcs/ .

USGS produces more detailed and updated data throughout the year in the USGS Minerals Yearbook and Mineral Industry Surveys.


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