Featured Research

from universities, journals, and other organizations

Abrasives To Zirconium... Growth In U.S. Economy Spurs Increased Mineral Consumption, Says Usgs Report

Date:
April 2, 1999
Source:
U.S. Geological Survey
Summary:
The U.S. economy expanded 3.9 percent in 1998, prompting increased consumption of minerals and mineral-based products, according to a new report of the U.S. Geological Survey. "Mineral Commodity Summaries 1999" provides government statistics on 1998 events, trends, and issues in the domestic and international mineral industries. Much of this increase in consumption, however, occurred because of increased imports of mineral-based products, especially steel and other metals, according to the report.

The U.S. economy expanded 3.9 percent in 1998, prompting increased consumption of minerals and mineral-based products, according to a new report of the U.S. Geological Survey. "Mineral Commodity Summaries 1999" provides government statistics on 1998 events, trends, and issues in the domestic and international mineral industries. Much of this increase in consumption, however, occurred because of increased imports of mineral-based products, especially steel and other metals, according to the report.

Related Articles


The consumption of minerals and mineral-based products affects all Americans because it reflects use of nonfuel minerals such as fertilizers in agriculture, concrete and building materials in construction, aggregate in road building, steel to make cars and all manner of transportation vehicles, and materials crucial to the communications industry.

"Summary reports such as this provide valuable insights into our country's use of its natural resources," said USGS Director Charles G. Groat. "They also give us more information on our reliance on imported raw materials and help decision makers in government and industry plan wisely for the future."

According to Mineral Commodity Summaries 1999:

The value of U.S. raw nonfuel minerals production was $40.1 billion in 1998, down slightly from the $40.5 billion produced in 1997. The value of domestic minerals production, however, has increased in 31 of the past 38 years. The top three states for production were Nevada ($3.1 billion), California ($3.0 billion), and Arizona ($2.8 billion).

Imports of processed mineral materials were valued at an estimated $60 billion, and exports were valued at an estimated $35 billion. Imports of metal ores and concentrates and raw industrial minerals increased slightly to $3 billion. Exports of raw minerals remained essentially unchanged at about $3 billion.

The outlook for the domestic minerals industry in 1999 will depend largely on two sectors of the U.S. economy that are significant consumers of aluminum, cement, copper, crushed stone, glass, sand and gravel, and steel. The automobile industry will be the primary source for the demand for metals, while highways and mass transit, budgeted for increased Federal spending, and other construction will be the primary source for the demand for industrial minerals.

On the international scene, the financial turmoil of countries in East Asia and Southeast Asia that began in 1997 continued in 1998. The prices of base metals, such as copper and nickel, fell to the lowest levels in 10 to 12 years. The prices of precious metals, such as gold and platinum, remained sluggish throughout 1998. The increased production of petroleum and the consequent decrease in price affected the economies of various major producers.

The report "Mineral Commodity Summaries 1999" is available for purchase from the Superintendent of Documents, P.O. Box 371954, Pittsburgh, PA 15250-7954. The stock number is 024-004-02461-5; price is $17.00 for U.S. delivery and $21.00 for delivery outside the United States. The publication is also available on a CD-ROM for $14.00 for U.S. delivery and $21.00 for delivery outside the United States. Order the Minerals and Materials Information February 1999 CD-ROM, stock number 024-004-02459-3. Individual two-page summaries are available through MINES FaxBack (703-648-4999) and are on the World Wide Web at http://minerals.er.usgs.gov/minerals/

As the Nation's largest water, earth, and biological science and civilian mapping agency, the USGS works in cooperation with more than 2000 organizations across the country to provide reliable, impartial, scientific information to resource managers, planners, and other customers. This information is gathered in every State by USGS scientists to minimize the loss of life and property from natural disasters, to contribute to the conservation and the sound economic and physical development of the nation's natural resources, and to enhance the quality of life by monitoring water, biological, energy, and mineral resources.


Story Source:

The above story is based on materials provided by U.S. Geological Survey. Note: Materials may be edited for content and length.


Cite This Page:

U.S. Geological Survey. "Abrasives To Zirconium... Growth In U.S. Economy Spurs Increased Mineral Consumption, Says Usgs Report." ScienceDaily. ScienceDaily, 2 April 1999. <www.sciencedaily.com/releases/1999/04/990402074037.htm>.
U.S. Geological Survey. (1999, April 2). Abrasives To Zirconium... Growth In U.S. Economy Spurs Increased Mineral Consumption, Says Usgs Report. ScienceDaily. Retrieved January 26, 2015 from www.sciencedaily.com/releases/1999/04/990402074037.htm
U.S. Geological Survey. "Abrasives To Zirconium... Growth In U.S. Economy Spurs Increased Mineral Consumption, Says Usgs Report." ScienceDaily. www.sciencedaily.com/releases/1999/04/990402074037.htm (accessed January 26, 2015).

Share This


More From ScienceDaily



More Earth & Climate News

Monday, January 26, 2015

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Obama's Wildlife Plan Renews Alaska Drilling Debate

Obama's Wildlife Plan Renews Alaska Drilling Debate

Newsy (Jan. 26, 2015) President Obama&apos;s proposal aims to protect more land in the Arctic National Wildlife Refuge, but so far, all that&apos;s materialized is a war of words. Video provided by Newsy
Powered by NewsLook.com
Florida Might Legalize Black Bear Hunting

Florida Might Legalize Black Bear Hunting

Newsy (Jan. 24, 2015) A string of black bear attacks has Florida officials considering lifting the ban on hunting the animals to control their population. Video provided by Newsy
Powered by NewsLook.com
Dramatic Footage Shows Coast Guard Rescue Off Scottish Coast

Dramatic Footage Shows Coast Guard Rescue Off Scottish Coast

Reuters - News Video Online (Jan. 23, 2015) Footage just released by the UK Coast Guard shows a dramatic helicopter rescue off the Scottish coast, where five men were plucked to safety after their fishing boat sank on Saturday. Rough Cut (no reporter narration). Video provided by Reuters
Powered by NewsLook.com
Stunning Wingsuit Proximity Flying in Norway

Stunning Wingsuit Proximity Flying in Norway

Rumble (Jan. 23, 2015) A collection of amazing shots from flights made in the Aurland Valley in Norway. How incredible is that? Credit to &apos;BASEjumper&apos;. Video provided by Rumble
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:

Breaking News:

Strange & Offbeat Stories


Plants & Animals

Earth & Climate

Fossils & Ruins

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile: iPhone Android Web
Follow: Facebook Twitter Google+
Subscribe: RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins