RESTON, Virginia – According to numbers compiled by the United States Geological Survey, the value of mineral production – including metals, industrial minerals and aggregates – in that country reached US$75.2 billion. The total does not include the value of fuel minerals (uranium, oil & gas).
Published by the USGS, “Mineral Commodity Summaries 2018” contains details of all the non-fuel minerals produced in the United States. (Image: United States Geological Survey)
Further, industries such as steel, aerospace and electronics that process non-fuel minerals created US$2.9 trillion in estimated value added production in 2017. That represents 15% of the total U.S. gross domestic product.
U.S. metal mine production last year reached US$26.3 billion and was 12% higher than in 2016. Domestic output by volume dropped in 2017 compared to a year earlier despite stronger metals prices.
The United States continues to import 100% of 21 mineral commodities including rare earths, manganese, niobium and vanadium.
Click here to read or download the entire report online.