Mining Review
Mining Engineering
By: National Minerals Information Center
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Abstract
In 2012, the estimated value of mineral production increased in the United States for the third consecutive year. Production and prices increased for most industrial mineral commodities mined in the United States. While production for most metals remained relatively unchanged, with the notable exception of gold, the prices for most metals declined. Minerals remained fundamental to the U.S. economy, contributing to the real gross domestic product (GDP) at several levels, including mining, processing and manufacturing finished products. Minerals’ contribution to the GDP increased for the second consecutive year.
Trends in other sectors of the domestic economy were similar to those in mineral production and consumption rates (Table 1). After continued decline following the 2008-2009 recession, the construction industry began to show signs of improvement late in 2011 and throughout 2012, with increased production and consumption of cement, construction sand and gravel, crushed stone and gypsum, mineral commodities that are used almost exclusively in construction.
| Publication type | Article |
|---|---|
| Publication Subtype | Journal Article |
| Title | Mining Review |
| Series title | Mining Engineering |
| Volume | 65 |
| Issue | 5 |
| Year Published | 2013 |
| Language | English |
| Publisher | SME |
| Contributing office(s) | National Minerals Information Center |
| Description | 10 p. |
| Larger Work Type | Article |
| Larger Work Subtype | Journal Article |
| Larger Work Title | Mining Engineering |
| First page | 22 |
| Last page | 31 |
| Google Analytic Metrics | Metrics page |