Status Of The Mineral Industries 1976 - Introduction

Viable domestic mineral industries are essential to the economic health of the United States and the well-being of its citizens. The charts in this publication reflect developments significant to the Nation's mineral industries during 1975. Last year was a year of reduced activity for the Nation's mineral industries. Although the value of the country's total mineral output rose, for example, the overall production and use of many minerals fell. At the same time, the industry experienced lower profits and higher debt/equity ratios. These and other adverse effects on many segments of the Nation's mineral industries resulted from the overall decline in domestic and international economic activity.