#US Mine Production Increasing, Estimated Value of $86.3 Billion in Minerals
The U.S. Geological Survey announced today that U.S. mines produced approximately $86.3 billion in minerals in 2019 –- more than $2 billion higher than revised 2018 production totals.
“The data we are releasing today is vital to understanding which minerals are vulnerable to disruptions in America’s supply chains and provides the analytical foundation for President Trump’s broader strategy to make our economy and defense more secure,” said Jim Reilly, USGS Director. “American production of minerals – having an estimated value of more than $86 billion – is critical for all means of commerce and manufacturing with many of these minerals being used in every day household items.”
The Trump administration released, “A Federal Strategy to Ensure a Reliable Supply of Critical Minerals,” last year to make America’s economy and defense more secure. The strategy directed the U.S. Department of the Interior to locate domestic supplies of critical minerals, ensure access to information necessary for the study and production of minerals and expedite permitting for minerals projects. Pursuant to the federal strategy, USGS launched its Earth Mapping Resources Initiative (Earth MRI) to acquire geologic, geophysical and topographic data to help characterize the distribution of critical minerals and identify areas in which more data would improve our understanding of undiscovered critical mineral resources.