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USGS2006

Effects of Chinese mineral strategies on the U.S. minerals industry

For more than two decades now, China has been undergoing rapid economic growth and industrialization. The industrialization and urbanization of the once rural, farming nation is leading to increased consumption of mineral commodities to build infrastructure and to make into consumer goods. This increased consumption has led to higher mineral prices, lower stocks and, in some cases, temporary shortages of minerals. Chinese mineral producers and manufacturers are responding by building capacity, restructuring and modernizing industrial sectors and establishing international network that compete with those of the United States and other nations.

Mining Engineering↗

USGS2004

Mining review

The average annual growth rate of real gross domestic product (GDP) from the third quarter of 2001 through the second quarter of 2003 in the United States was about 2.6 percent. GDP growth rates in the third and fourth quarters of 2003 were about 8 percent and 4 percent, respectively. The upward trends in many sectors of the U.S. economy in 2003, however, were shared by few of the mineral materials industries. Annual output declined in most nonfuel mining and mineral processing industries, although there was an upward turn toward yearend as prices began to increase.

Mining Engineering↗