October 4, 2023

Taylor Daily Press

Complete News World

U.S. mining revenues increased 10 percent last year

Last year, miners in the United States produced about $ 90.4 billion worth of mineral resources. This is $ 9.7 billion more than the previous year. The U.S. Geological Survey (USGS) report is based on data from the U.S. National Minerals Information Center, which includes more than 90 minerals that have not been used as fuel.

“Industries that use these types of minerals, such as steel, aerospace and electronics – have made $ 3.32 trillion worth of value-added products over the past year,” said Steven Fordier. National Mineral Information Center, At. “This is 8 percent more than the previous year.”

Restart the markets

Increase in consumption These types of mineral resources This is due to the resumption of markets after the Corona crisis.

However, the mine includes crushed stone, which represents 21 percent of the total value of U.S. mining output. In the metals mine, $ 33.8 billion was recorded. This is 23 percent more than the previous year. The most important commodities are copper (35 per cent), gold (31 per cent), iron ore (13 per cent) and zinc (7 per cent).

In the United States last year Fourteen Mineral Resources Record at least $ 1 billion in turnover. The crushed stone showed the greatest value, followed by copper, cement, gold, gravel, iron ore, salt, lime, gravel, zinc, sodium carbonate, phosphate rock, palladium and molybdenum.

Elastic circulation

Arizona was also the top producer last year, following in the footsteps of Nevada, Texas, California, Minnesota, Alaska, Utah, Florida, Missouri and Michigan.

“As a result of supply shortages and rising consumption, Prices of many raw materialsMetals, especially metals, are on the rise, ”the report highlights. “In that sense, they are contributing to the appreciation of mineral production in the United States.”

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Last year, $ 43 billion worth of metals and minerals were recycled in the United States. This is 50 percent more than the previous year. Copper, gold, iron, steel and platinum in particular enjoyed high recycling levels.