Mining Topics: Mineral Values Climb
The value of mineral
production in the United States increased 9 percent in 2010 from that of 2009,
suggesting that the nonfuel minerals industries, particularly metals, were
beginning to recover from the economic recession.
The value of raw, nonfuel minerals mined in the United States was $64 billion in 2010, up from $59 billion in 2009, according to the U.S. Geological Survey’s (USGS) annual release of mineral production statistics and summary of events and trends affecting domestic and global nonfuel minerals.
“During the past year, we began to see increases in domestic mineral production, after significant declines in 2009,” notes USGS Mineral Resources Program coordinator Kathleen Johnson. “This report allows for timely research and analysis of our nation’s minerals sector.”
The metals sector was marked by higher prices across the board, and a substantial increase in tonnage of iron ore mined. The metals industries supported the overall gains in the minerals sector, offsetting a 6-percent decline in the value of non-metals in 2010.
The non-metallic minerals sector continued to decline in 2010, but at a slower rate than in 2009. More non-metallic mineral commodities showed increases in mine production and value than those that decreased, but the production and consumption of dominant materials, particularly those used in construction, declined.
America’s dependence on foreign sources for minerals increased, continuing a trend that has been evident for more than 30 years. The country relied on foreign sources to supply more than 50 percent of domestic consumption of 43 mineral commodities in 2010. The United States was 100-percent reliant on imports for 18 mineral commodities in 2010.
Minerals are a fundamental component to the U.S. economy. Final products, such as cars and houses, produced by major U.S. industries using mineral materials made up about 13 percent (more than $2.1 trillion) of the 2010 gross domestic product. Domestic raw materials, along with domestically recycled materials, were used to process mineral materials worth $578 billion, such as aluminum, brick, copper, fertilizers and steel.
The value of raw, nonfuel minerals mined in the United States was $64 billion in 2010, up from $59 billion in 2009, according to the U.S. Geological Survey’s (USGS) annual release of mineral production statistics and summary of events and trends affecting domestic and global nonfuel minerals.
“During the past year, we began to see increases in domestic mineral production, after significant declines in 2009,” notes USGS Mineral Resources Program coordinator Kathleen Johnson. “This report allows for timely research and analysis of our nation’s minerals sector.”
The metals sector was marked by higher prices across the board, and a substantial increase in tonnage of iron ore mined. The metals industries supported the overall gains in the minerals sector, offsetting a 6-percent decline in the value of non-metals in 2010.
The non-metallic minerals sector continued to decline in 2010, but at a slower rate than in 2009. More non-metallic mineral commodities showed increases in mine production and value than those that decreased, but the production and consumption of dominant materials, particularly those used in construction, declined.
America’s dependence on foreign sources for minerals increased, continuing a trend that has been evident for more than 30 years. The country relied on foreign sources to supply more than 50 percent of domestic consumption of 43 mineral commodities in 2010. The United States was 100-percent reliant on imports for 18 mineral commodities in 2010.
Minerals are a fundamental component to the U.S. economy. Final products, such as cars and houses, produced by major U.S. industries using mineral materials made up about 13 percent (more than $2.1 trillion) of the 2010 gross domestic product. Domestic raw materials, along with domestically recycled materials, were used to process mineral materials worth $578 billion, such as aluminum, brick, copper, fertilizers and steel.
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