24
Sat, Feb

U.S. Mines Produced an Estimated $75.2 Billion in Minerals During 2017

Typography

U.S. mines produced an estimated $75.2 billion of raw mineral materials in 2017 – a 6 percent increase over 2016 – the U.S. Geological Survey announced Wednesday, January 31, in its annual Mineral Commodity Summaries.

The report from the USGS National Minerals Information Center is the earliest comprehensive source of 2017 mineral production data for the world. It includes statistics on more than 90 mineral commodities that are important to the U.S. economy and national security. It also identifies events, trends and issues in the domestic and international minerals industries. This report covers the full range of nonfuel minerals monitored by the center, not just critical minerals, which were described in the recent USGS Critical Mineral Resources publication; which was released in December of 2017.

“The Mineral Commodity Summaries provide crucial, unbiased statistics that decision-makers and policy-makers in both the private and public sectors rely on to make business decisions and national policy,” said Steven M. Fortier, the center’s director. “Industries – such as steel, aerospace, and electronics – processed nonfuel mineral materials and created an estimated $2.9 trillion in value-added products in 2017 or 15 percent of the total U.S. Gross Domestic Product.”

 

Continue reading at USGS.

Image via USGS.