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.

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 July 25, 2014 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 July 25, 2014).

Share This




More Earth & Climate News

Friday, July 25, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Goma Cheese Brings Whiff of New Hope to DRC

Goma Cheese Brings Whiff of New Hope to DRC

Reuters - Business Video Online (July 24, 2014) The eastern region of the Democratic Republic of Congo, mainly known for conflict and instability, is an unlikely place for the production of fine cheese. But a farm in the village of Masisi, in North Kivu is slowly transforming perceptions of the area. Known simply as Goma cheese, the Congolese version of Dutch gouda has gained popularity through out the region. Ciara Sutton reports. Video provided by Reuters
Powered by NewsLook.com
Bill Gates: Health, Agriculture Key to Africa's Development

Bill Gates: Health, Agriculture Key to Africa's Development

AFP (July 24, 2014) Health and agriculture development are key if African countries are to overcome poverty and grow, US software billionaire Bill Gates said Thursday, as he received an honourary degree in Ethiopia. Duration: 00:36 Video provided by AFP
Powered by NewsLook.com
Higgins Breaks Record at Mt. Washington

Higgins Breaks Record at Mt. Washington

Driving Sports (July 24, 2014) Subaru Rally Team USA drivers David Higgins and Travis Pastrana face off against a global contingent of racers at the annual Mt. Washington Hillclimb in New Hampshire. Includes exclusive in-car footage from Higgins' record attempt. Video provided by Driving Sports
Powered by NewsLook.com
Storm Kills Three, Injures 20 at Virginia Campground

Storm Kills Three, Injures 20 at Virginia Campground

Reuters - US Online Video (July 24, 2014) A likely tornado tears through an eastern Virginia campground, killing three and injuring at least 20. Linda So reports. Video provided by Reuters
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:
from the past week

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