USGS Releases Mineral Commodity Summaries 2024, finds US Mineral Production Jumped 4 billion to exceed 105 billion dollars
U.S. mineral production contributed more than 105 billion dollars to the U.S. economy in 2023—a 4 billion dollar increase over 2022—according to the Mineral Commodity Summaries 2024, released Wednesday by the U.S. Geological Survey.
The annual Mineral Commodity Summaries is a crucial source of impartial information for both the private and public sectors. It is an invaluable tool for decision-makers determining national commerce, security and intelligence policy surrounding minerals. This in-depth report is produced by the USGS’s National Minerals Information Center, a global leader in statistics and information on the worldwide supply of, demand for, and flow of minerals and materials.
The in-depth assessment of nonfuel mineral commodity data for the world includes information on the domestic minerals industry structure, government programs, tariffs, world production and five-year salient statistics for nonfuel mineral commodities that are important to the U.S. economy and national security. It also identifies events, trends and issues in the domestic and international minerals industries that impact production and consumption.
“Industries that use nonfuel mineral materials—such as steel, aerospace and electronics—created an estimated 3.84 trillion dollars in value-added products in 2023, which represents a 6% increase from $3.62 trillion in 2022,” said Daniel O. Hayba, acting director of the USGS National Minerals Information Center.
The 105 billion dollars-worth of nonfuel mineral commodities produced by U.S. mines in 2023 included industrial minerals and natural aggregates, as well as ferrous and nonferrous metals. Crushed stone was the leading nonfuel mineral commodity domestically produced in 2023, accounting for 23% of the total value of U.S. mine production.
The USGS report “Mineral Commodity Summaries 2024” includes information on more than 90 nonfuel mineral commodities and is available here: https://pubs.usgs.gov/publication/mcs2024
To go straight to the “Significant Events, Trends and Issues” section of the report, click here: https://pubs.usgs.gov/periodicals/mcs2024/mcs2024.pdf#page=9
Data from the 2024 report is available here: https://www.sciencebase.gov/catalog/item/65a6e45fd34e5af967a46749
Hard copies will be available later in the year from the Government Printing Office, Superintendent of Documents. To order, please call (202) 512-1800 or (866) 512-1800 or go online.
For more information on this report and individual mineral commodities, please visit the USGS National Minerals Information Center. To keep up-to-date on USGS mineral research, follow us on X or visit the Mineral Resources Program webpage.
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