Value of U.S. Mineral Production Increases Despite Lower Metal Prices
|The estimated value of mineral production increased in the United States in 2014, despite the decline in price for most precious metals, the U.S. Geological Survey announced today in its Mineral Commodity Summaries 2015.
The estimated value of mineral raw materials produced at mines in the United States in 2014 was $77.6 billion, an increase of 4.6 percent from $74.2 billion in 2013. U.S. economic growth supported the domestic primary metals industry and industrial minerals industry, however, weak global economic growth and the strong U.S. dollar limited U.S. processed mineral exports, which decreased to $108 billion in 2014 from $129 billion in 2013. Meanwhile, low-priced metal imports increased during most of 2014.