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.
Mining Topics: Mineral Values Climb
March 1, 2011