Released: 1/30/2012
The value of mineral production in the United States increased by 12 percent in 2011 from that of 2010, suggesting that the nonfuel minerals industries, particularly metals, continued to recover from the economic recession that began in December 2007 and lasted well into 2009.
The value of raw, nonfuel minerals mined in the United States was $74 billion in 2011, up from $66 billion in 2010, according to the U.S. Geological Survey’s annual release of mineral production statistics and summary of events and trends affecting domestic and global nonfuel minerals.
“Information in the Mineral Commodity Summaries helps business leaders, policy makers, managers, and anyone else understand the critically important flow of minerals through the supply chain and how they are contributing to, and reflecting the health of, our nation’s economy,” said USGS director Marcia McNutt. “For example, in 2011 domestic recycled metallic and mineral materials alone contributed $32 billion to our economy.”