Home Archived April 13, 2016
(i)

U.S. Geological Survey

Maps, Imagery, and Publications Hazards Newsroom Education Jobs Partnerships Library About USGS Social Media

USGS Newsroom

USGS Newsroom  
 

Abrasives to Zirconium–New Report Card on Nation’s $429 Billion Minerals Industry
Released: 2/21/2001

Contact Information:
U.S. Department of the Interior, U.S. Geological Survey
Office of Communication
119 National Center
Reston, VA 20192
Keith Harris 1-click interview
Phone: 703-648-4750



U.S. output of mineral-based materials contributed nearly $429 billion to support the nation’s economy in 2000, according to a new report from the U.S. Geological Survey.

Mineral Commodity Summaries 2001 provides detailed information about events, trends, and issues in the domestic and international minerals industries during 2000. The report summarizes minerals industry trends for each mineral commodity and also provides an outlook for domestic mineral industries in 2001. Separate chapters provide statistics on production, trade, and resources for about 90 mineral commodities. These statistics are collected under cooperative information exchange partnerships with more than 60 countries and by survey responses from 18,000 domestic companies.

According to Mineral Commodity Summaries 2001:

The estimated value of U.S. raw nonfuel minerals production in 2000 was more than $40 billion, about a 3% increase compared with that of 1999. Within the raw nonfuel minerals category, the estimated production value of industrial minerals increased to $30.3 billion, and the value of metals output rose to $9.9 billion. The top three states for production were California ($3.3 billion), Nevada ($2.8 billion), and Arizona ($2.5 billion). More than any other economic sectors, motor vehicle manufacturing and construction continued to influence domestic demand for mineral-based materials in 2000.

Imports of raw and processed mineral materials rose to an estimated $71 billion, and exports were valued at an estimated $43 billion. Slower economic growth in the United States and other industrialized countries reduced production and shipment rates for U.S. primary metal products, particularly steel, late in the year.

The domestic minerals industry in 2001 may be affected by slower economic growth. Government and industry economists believe the U.S. gross domestic product will expand at about a 2.5% annual rate in 2001, but growth will differ among various economic sectors. For example, construction industries and motor vehicle manufacturing, traditionally large consumers of metal and nonmetal mineral products, may grow more slowly than other sectors of the domestic economy through the first half of 2001.

The report "Mineral Commodity Summaries 2001" is available for purchase from the Superintendent of Documents, P.O. Box 371954, Pittsburgh, PA 15250-7954. The stock number is 024-004-02503-4; price is $27.00 for U.S. delivery and $33.75 for delivery outside the United States. Individual two-page summaries are available through MINES FaxBack (703-648-4999) and are on the World Wide Web at http://minerals.usgs.gov/minerals


The USGS serves the nation by providing reliable scientific information to describe and understand the Earth; minimize loss of life and property from natural disasters; manage water, biological, energy, and mineral resources; and enhance and protect our quality of life.

Subscribe to receive the latest USGS news releases.

**** www.usgs.gov ****

Links and contacts within this release are valid at the time of publication.


 

Accessibility FOIA Privacy Policies and Notices

USA.gov logo U.S. Department of the Interior | U.S. Geological Survey
URL: http://www.usgs.gov/newsroom/article.asp?ID=513
Page Contact Information: Ask USGS
Page Last Modified: 2/21/2001