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Great Salt Lake, Utah

This document is intended as a source of general information and facts about Great Salt Lake, Utah. This U.S. Geological Survey information sheet answers frequently asked questions about Great Salt Lake. Topics include: History, salinity, brine shrimp, brine flies, migratory birds, and recreation. Great Salt Lake, the shrunken remnant of prehistoric Lake Bonneville, has no outlet. Dissolved salts accumulate in the lake by evaporation. Salinity south of the causeway has ranged from 6 percent to 27 percent over a period of 22 years (2 to 7 times saltier than the ocean). The high salinity supports a mineral industry that extracts about 2 million tons of salt from the lake each year. The aquatic ecosystem consists of more than 30 species of organisms. Harvest of its best-known species, the brine shrimp, annually supplies millions of pounds of food for the aquaculture industry worldwide. The lake is used extensively by millions of migratory and nesting birds and is a place of solitude for people. All this occurs in a lake that is located at the bottom of a 35,000-square-mile drainage basin that has a human population of more than 1.5 million.

Utah

Mineral resource of the month: antimony

The article describes the characteristics and industrial uses of antimony. Antimony, which is produced as a byproduct of mining other metals such as gold, lead or silver, is used in everything from flame retardants, batteries, ceramics and glass. It is also used in glass for television picture tubes, computer monitors, pigments and catalysts.

Earth

Worldwide Asbestos Supply and Consumption Trends from 1900 through 2003

This Circular updates and supersedes U.S. Geological Survey (USGS) Open-File Report 03–083, "Worldwide Asbestos Supply and Consumption Trends from 1900 to 2000," with the addition of supply and consumption estimates and analysis from 2001 through 2003 and revisions to the consumption estimates for 1998 through 2000. The text from Open-File Report 03–083 also has been updated in this Circular to include revisions to and expansion of the time-series coverage. The use of asbestos is one of the most controversial issues surrounding the industrial minerals industry. Its carcinogenic nature, an overall lack of knowledge of minimum safe exposure levels, its widespread use for more than 100 years, and the long latency for the development of lung cancer and mesothelioma are the main contributing factors to these controversies. Another factor is that, despite decades of research, the mechanisms responsible for its carcinogenic properties are still largely unknown. The United States produced about 3.29 million metric tons (Mt) of asbestos and used approximately 31.5 Mt between 1900 and 2003. About half of this amount was used after 1960. In 2002, the last asbestos mine in the United States closed, marking the end of more than 110 years of U.S. asbestos production. Cumulative world production from 1900 through 2003 was about 181 Mt. If one assumes that unusually large stocks were not maintained and that world consumption roughly equaled production, then about half of the world production and consumption occurred between the end of 1976 and the end of 2003. The United States and Western European nations were the largest consumers of asbestos during the first two-thirds of the 20th century. They were surpassed by the collective production and consumption of Kazakhstan and Russia by the 1970s. After the onset of the health issues concerning asbestos in the late 1960s and early 1970s, the decline in world production and consumption began to be evident in the late 1970s and early 1980s. The 1991 breakup of the Soviet Union, a major user of asbestos, resulted in a significant decline in asbestos consumption and production in former Soviet-bloc countries. Consumption and production in Kazakhstan and Russia increased through 2003 from 2001, albeit to a much lower level than in the 1980s. In 2003, world consumption was estimated to be 2.11 Mt, about 45 percent that of 1980. Relatively few countries in Asia, the Middle East, South America, and the former Soviet Union remained as the leading users of asbestos. China was the leading consuming nation, using an estimated 492,000 metric tons (t) in 2003. China was followed, in decreasing order of consumption, by Russia (429,000 t), India (192,000 t), Kazakhstan (174,000 t), Ukraine (156,000 t), Thailand (133,000 t), Brazil (78,400 t), and Iran (75,800 t). These eight countries accounted for 82 percent of the world's apparent consumption in 2003. Following Iran, in decreasing order of consumption by tonnage, were Uzbekistan (42,400 t), Vietnam (39,400 t), Indonesia (32,300 t), the Republic of Korea (23,800 t), Kyrgyzstan (23,700 t), Japan (23,400 t), and Mexico (20,100 t). Consumption in all other countries was estimated to be less than 15,000 t each in 2003. Sizable consumption increases occurred in Azerbaijan, China, India, Iran, Kazakhstan, Thailand, and Ukraine between 2000 and the end of 2003. Consumption patterns in countries using less than 5,000 t per year were too erratic to ascertain any trends in their use of asbestos.

Circular

Geologic map of Big Bend National Park, Texas

The purpose of this map is to provide the National Park Service and the public with an updated digital geologic map of Big Bend National Park (BBNP). The geologic map report of Maxwell and others (1967) provides a fully comprehensive account of the important volcanic, structural, geomorphological, and paleontological features that define BBNP. However, the map is on a geographically distorted planimetric base and lacks topography, which has caused difficulty in conducting GIS-based data analyses and georeferencing the many geologic features investigated and depicted on the map. In addition, the map is outdated, excluding significant data from numerous studies that have been carried out since its publication more than 40 years ago. This report includes a modern digital geologic map that can be utilized with standard GIS applications to aid BBNP researchers in geologic data analysis, natural resource and ecosystem management, monitoring, assessment, inventory activities, and educational and recreational uses. The digital map incorporates new data, many revisions, and greater detail than the original map. Although some geologic issues remain unresolved for BBNP, the updated map serves as a foundation for addressing those issues. Funding for the Big Bend National Park geologic map was provided by the United States Geological Survey (USGS) National Cooperative Geologic Mapping Program and the National Park Service. The Big Bend mapping project was administered by staff in the USGS Geology and Environmental Change Science Center, Denver, Colo. Members of the USGS Mineral and Environmental Resources Science Center completed investigations in parallel with the geologic mapping project. Results of these investigations addressed some significant current issues in BBNP and the U.S.-Mexico border region, including contaminants and human health, ecosystems, and water resources. Funding for the high-resolution aeromagnetic survey in BBNP, and associated data analyses and interpretation, was from the USGS Crustal Geophysics and Geochemistry Science Center. Mapping contributed from university professors and students was mostly funded by independent sources, including academic institutions, private industry, and other agencies.

Texas

Mineral resource of the month: sulfur

The article presents information on sulfur. Sulfur is said to be among the few solid elements found in elemental form in nature and has industrial uses. Changes in the sulfur production process over the years are discussed as well as the mining process developed by German engineer Herman Frasch that involves melting the sulfur underground and pumping it to the surface.

Earth

Minerals, lands, and geology for the common defence and general welfare, Volume 2, 1879-1904 : A history of geology in relation to the development of public-land, federal-science, and mapping policies and the development of mineral resources in the United States during the first 25 years of the U.S. Geological Survey

In the traditional view of the Survey's first 25 years, which are the subject of much of this volume, John Wesley Powell, with his broad view of science and advanced ideas of land and water in the West, is the heroic figure. Clarence King is dismissed as brilliant but with a limited view of science as mining geology, and Charles D. Walcott is regarded primarily as a brilliant paleontologist chosen by Powell to succeed him. The Survey's first quarter century, however, spanned a watershed in American history that separated a primarily rural and agrarian nation and a primarily urban and industrial nation, a nation intent on conquering the continent and isolated from the Old World and a nation involved in world politics, a nation that believed in the virtues of competition and limited government and a nation that saw the virtue of cooperation and insisted on reform and regulation to ensure equal opportunities to all. Science itself changed during this period. The age of instruments was just beginning when the Survey was established; by the turn of the century, instruments had almost revolutionized science and the era of the lone investigator had to give way to an era of organized effort in the solution of problems.

Book

Wollastonite : a versatile industrial mineral

Wollastonite is a chemically simple mineral named in honor of English mineralogist and chemist Sir W.H. Wollaston (1766–1828). It is composed of calcium (Ca) and silicon and oxygen (SiO2, silica) with the chemical formula CaSiO3. Although much wollastonite is relatively pure CaSiO3, it can contain some iron, magnesium, manganese, aluminum, potassium, sodium, or strontium substituting for calcium in the mineral structure. Pure wollastonite is bright white; the type and amount of impurities can produce gray, cream, brown, palegreen, or red colors.

Fact Sheet

Apparent Consumption vs. Total Consumption--A Lead-Acid Battery Case Study

Introduction: This report compares estimates of U.S. apparent consumption of lead with estimates of total U.S. consumption of this mineral commodity from a materials flow perspective. The difference, attributed to the amount of lead contained in imported and exported products, was found to be significant for this sector. The study also assesses the effects of including mineral commodities incorporated in manufactured products on the interpretation of observed trends in minerals consumption and trade. Materials flow is a systems approach to understanding what happens to the materials we use from the time a material is extracted, through its processing and manufacturing, to its ultimate disposition. The U.S. Geological Survey (USGS) provides accurate and detailed mineral production and mineral commodity consumption statistics that are essential for government, nongovernment organizations, and the public to gain a better understanding of how and where materials are used and their effect on the environment and society. Published statistics on mineral apparent consumption are limited to estimates of consumption of raw material forms (ore, concentrate, and [or] refined metal). For this study, apparent consumption is defined as mine production + secondary refined production + imports (concentrates and refined metal) ? exports (concentrates and refined metal) + adjustments for government and industry stock changes. These estimates do not account for the amount of mineral commodities contained in manufactured products that are imported to the United States, nor do they deduct the amount of these mineral commodities contained in manufactured products that are exported from the United States. When imports or exports of manufactured products contribute significantly to the total use of a particular raw material, an estimate of consumption that does not consider the incorporated forms of these mineral commodities within imported or exported manufactured products can be either under- or overreported (depending on the net trade flow). Factors that influence consumption and trade patterns include variations in industry structure, labor or financial markets, legislation, and technology. As U.S. trade patterns of manufactured products change, omitting mineral commodities incorporated into these goods as part of U.S. mineral commodity consumption estimates may affect the interpretation of observed trends in minerals consumption and trade. Although it may be desirable to include minerals contained in manufactured products as part of consumption estimates, collection and estimation of these data are sometimes difficult. Consumption and trade data for every traded product may not be readily available. Compiling comprehensive consumption statistics for mineral commodities, which have many end uses, each including multiple products, may be time consuming. For these reasons, studies of all mineral commodities are not feasible. Mineral commodity selection for this study is based on data accessibility considerations and the relative importance of lead contained in imported and exported products when considered part of total U.S. lead consumption. Lead was selected for this initial evaluation of total mineral consumption because of the need to understand the consumption pattern of this potentially toxic metal and its compounds, the relative simplicity of this sector?s end-use structure, and the availability of trade data. This study draws upon the findings of an earlier lead consumption study (Biviano and others, 1999) conducted by the USGS for the period 1984 to 1993, but uses a different study methodology for an industry whose structure has changed from that considered in the earlier study. Figure 1 shows the quantity of material contributing to U.S. total consumption of lead metal from domestic and foreign industrial sectors in 2004, based upon trade data reported by the USGS and the U.S. International Trade Commission (USITC). For

Scientific Investigations Report

State summaries: Illinois

According to the United States Geological Survey (USGS), Illinois ranked third in the amount of crushed stone produced from underground mining operations. In 2004, Illinois produced more than 76.5 Mt of crushed stone and 38.7 Mt of sand-and-gravel. Preliminary data for 2005 showed an increase in the production of crushed stone and a slight decrease in the production of sand-and-gravel. The state remained 16th in total value of nonfuel mineral production. In decreasing order of value, the minerals produced included crushed stone, cement, construction sand and gravel, lime, clay, peat, tripoli, industrial sand, crushed sandstone and gemstone.

Mining Engineering

Mineral resource of the month: Graphite

The article presents facts about graphite ideal for industrial applications. Among the characteristics of graphite are its metallic luster, softness, perfect basal cleavage and electrical conductivity. Batteries, brake linings and powdered metals are some of the products that make use of graphite. It attributes the potential applications for graphite in high-technology fields to innovations in thermal technology and acid-leaching techniques.

Earth

Potential Chemical Effects of Changes in the Source of Water Supply for the Albuquerque Bernalillo County Water Utility Authority

Chemical modeling was used by the U.S. Geological Survey, in cooperation with the Albuquerque Bernalillo County Water Utility Authority (henceforth, Authority), to gain insight into the potential chemical effects that could occur in the Authority's water distribution system as a result of changing the source of water used for municipal and industrial supply from ground water to surface water, or to some mixture of the two sources. From historical data, representative samples of ground-water and surface-water chemistry were selected for modeling under a range of environmental conditions anticipated to be present in the distribution system. Mineral phases calculated to have the potential to precipitate from ground water were compared with the compositions of precipitate samples collected from the current water distribution system and with mineral phases calculated to have the potential to precipitate from surface water and ground-water/surface-water mixtures. Several minerals that were calculated to have the potential to precipitate from ground water in the current distribution system were identified in precipitate samples from pipes, reservoirs, and water heaters. These minerals were the calcium carbonates aragonite and calcite, and the iron oxides/hydroxides goethite, hematite, and lepidocrocite. Several other minerals that were indicated by modeling to have the potential to precipitate were not found in precipitate samples. For most of these minerals, either the kinetics of formation were known to be unfavorable under conditions present in the distribution system or the minerals typically are not formed through direct precipitation from aqueous solutions. The minerals with potential to precipitate as simulated for surface-water samples and ground-water/surface-water mixtures were quite similar to the minerals with potential to precipitate from ground-water samples. Based on the modeling results along with kinetic considerations, minerals that appear most likely to either dissolve or newly precipitate when surface water or ground-water/surface-water mixtures are delivered through the Authority's current distribution system are carbonates (particularly aragonite and calcite). Other types of minerals having the potential to dissolve or newly precipitate under conditions present throughout most of the distribution system include a form of silica, an aluminum hyroxide (gibbsite or diaspore), or the Fe-containing mineral Fe3(OH)8. Dissolution of most of these minerals (except perhaps the Fe-containing minerals) is not likely to substantially affect trace-element concentrations or aesthetic characteristics of delivered water, except perhaps hardness. Precipitation of these minerals would probably be of concern only if the quantities of material involved were large enough to clog pipes or fixtures. The mineral Fe3(OH)8 was not found in the current distribution system. Some Fe-containing minerals that were identified in the distribution system were associated with relatively high contents of selected elements, including As, Cr, Cu, Mn, Pb, and Zn. However, these Fe-containing minerals were not identified as minerals likely to dissolve when the source of water was changed from ground water to surface water or a ground-water/surface-water mixture. Based on the modeled potential for calcite precipitation and additional calculations of corrosion indices ground water, surface water, and ground-water/surface-water mixtures are not likely to differ greatly in corrosion potential. In particular, surface water and ground-water/surface-water mixtures do not appear likely to dissolve large quantities of existing calcite and expose metal surfaces in the distribution system to substantially increased corrosion. Instead, modeling calculations indicate that somewhat larger masses of material would tend to precipitate from surface water or ground-water/surface-water mixtures compared to ground water alone.

Scientific Investigations Report

Design of exploration and minerals-data-collection programs in developing areas

This paper considers the practical problem of applying economic analysis to designing minerals exploration and data collection strategies for developing countries. Formal decision rules for the design of government exploration and minerals-data-collection programs are derived by using a minerals-industry planning model that has been extended to include an exploration function. Rules derived are applicable to centrally planned minerals industries as well as market-oriented minerals sectors. They pertain to the spatial allocation of exploration effort and to the allocation of activities between government and private concerns for market-oriented economies. Programs characterized by uniform expenditures, uniform information coverage across regions, or uniform-density grid drilling progrmas are shown to be inferior to the strategy derived. Moreover, for market-oriented economies, the economically optimal mix in exploration activities between private and government data collection would require that only private firms assess local sites and that government agencies carry out regional surveys.

Socio-Economic Planning Sciences

Studies by the U.S. Geological Survey in Alaska, Volume 15

Summary Professional Paper 1814— Studies by the U.S. Geological Survey in Alaska, Volume 15 —continues a long-running series of collected volumes of U.S. Geological Survey (USGS) scientific reports on Alaska. This series presents new and sometimes preliminary findings that are of interest to Earth and biological scientists in academia, government, and industry; to land and resource managers; and to the general public. The series covers a broad spectrum of scientific topics, from various parts of Alaska, serving to emphasize the diversity of USGS efforts to meet the Nation’s needs for Earth-science information in the State. The USGS provides reliable scientific information to describe and understand the Earth; minimize loss of life and property from natural disasters; manage water, biological, energy, and mineral resources; and enhance and protect our quality of life.

Professional Paper

Atlas of water resources in the Black Hills area, South Dakota

The Black Hills area is an important resource center that provides an economic base for western South Dakota through tourism, agriculture, the timber industry, and mineral resources. In addition, water originating from the area is used for municipal, industrial, agricultural, and recreational purposes throughout much of western South Dakota. The Black Hills area also is an important recharge area for aquifers in the northern Great Plains. Population growth, resource development, and periodic droughts have the potential to affect the quantity, quality, and availability of water within the Black Hills area. Growth has resulted in competing interests for available water supplies. The Black Hills Hydrology Study was initiated in 1990 to address these concerns. This long-term study is a cooperative effort between the U.S. Geological Survey (USGS), the South Dakota Department of Environment and Natural Resources, and the West Dakota Water Development District, which represents various local and county cooperators.

Hydrologic Atlas

Spatial and stratigraphic distribution of water in oil shale of the Green River Formation using Fischer Assay, Piceance Basin, northwestern Colorado

The spatial and stratigraphic distribution of water in oil shale of the Eocene Green River Formation in the Piceance Basin of northwestern Colorado was studied in detail using some 321,000 Fischer assay analyses in the U.S. Geological Survey oil-shale database. The oil-shale section was subdivided into 17 roughly time-stratigraphic intervals, and the distribution of water in each interval was assessed separately. This study was conducted in part to determine whether water produced during retorting of oil shale could provide a significant amount of the water needed for an oil-shale industry. Recent estimates of water requirements vary from 1 to 10 barrels of water per barrel of oil produced, depending on the type of retort process used. Sources of water in Green River oil shale include (1) free water within clay minerals; (2) water from the hydrated minerals nahcolite (NaHCO 3 ), dawsonite (NaAl(OH) 2 CO 3 ), and analcime (NaAlSi 2 O 6 .H 2 0); and (3) minor water produced from the breakdown of organic matter in oil shale during retorting. The amounts represented by each of these sources vary both stratigraphically and areally within the basin. Clay is the most important source of water in the lower part of the oil-shale interval and in many basin-margin areas. Nahcolite and dawsonite are the dominant sources of water in the oil-shale and saline-mineral depocenter, and analcime is important in the upper part of the formation. Organic matter does not appear to be a major source of water. The ratio of water to oil generated with retorting is significantly less than 1:1 for most areas of the basin and for most stratigraphic intervals; thus water within oil shale can provide only a fraction of the water needed for an oil-shale industry.

Colorado

Spatial and stratigraphic distribution of water in oil shale of the Green River Formation using Fischer assay, Piceance Basin, northwestern Colorado

The spatial and stratigraphic distribution of water in oil shale of the Eocene Green River Formation in the Piceance Basin of northwestern Colorado was studied in detail using some 321,000 Fischer assay analyses in the U.S. Geological Survey oil-shale database. The oil-shale section was subdivided into 17 roughly time-stratigraphic intervals, and the distribution of water in each interval was assessed separately. This study was conducted in part to determine whether water produced during retorting of oil shale could provide a significant amount of the water needed for an oil-shale industry. Recent estimates of water requirements vary from 1 to 10 barrels of water per barrel of oil produced, depending on the type of retort process used. Sources of water in Green River oil shale include (1) free water within clay minerals; (2) water from the hydrated minerals nahcolite (NaHCO 3 ), dawsonite (NaAl(OH) 2 CO 3 ), and analcime (NaAlSi 2 O 6 .H 2 0); and (3) minor water produced from the breakdown of organic matter in oil shale during retorting. The amounts represented by each of these sources vary both stratigraphically and areally within the basin. Clay is the most important source of water in the lower part of the oil-shale interval and in many basin-margin areas. Nahcolite and dawsonite are the dominant sources of water in the oil-shale and saline-mineral depocenter, and analcime is important in the upper part of the formation. Organic matter does not appear to be a major source of water. The ratio of water to oil generated with retorting is significantly less than 1:1 for most areas of the basin and for most stratigraphic intervals; thus water within oil shale can provide only a fraction of the water needed for an oil-shale industry.

Colorado

Economic analysis of critical habitat designation for the desert tortoise (Mojave population)

The U.S. Fish and Wildlife Service emergency 1isted the Mojave population of the desert tortoise as endangered on August 4, 1989. The Mojave population formally was listed as threatened on April 2, 1990. The Endangered Species Act of 1973, as amended, requires that the economic benefits and costs and other relevant effects of critical habitat designation be considered. The Secretary of the Interior may exclude from designation areas where the costs of designation are greater than the benefits, unless the exclusion would result in extinction of the species. Desert tortoises are threatened by an accumulation of human-and disease-related mortality accompanied by habitat destruction, degradation, and fragmentation. Many desert tortoises are illegally collected for pets, food, and commercial trade. Others are accidentally struck and killed by vehicles on roads and highways or are killed by gunshot or vehicles traveling off-highway. Raven predation on hatchling desert tortoises has increased as raven populations in the desert have risen. An upper respiratory tract disease is suspected to be a major cause of mortality in the western Mojave Desert. This presumably incurable affliction presumably is thought to be spread through the release of infected tortoises into the desert. The Service has proposed designating critical habitat in nine counties within four states. The 12 critical habitat units encompass 6.4 million acres of land, more than 80% federally owned. This region is economically and demographically diverse. Most of the land is sparsely settled and characterized as a hot desert ecosystem. Major industries in the region include entertainment and lodging (primarily in Las Vegas), property development to accommodate the rapid population growth, and services. Millions of rural acres in the region are leased by the federal government for livestock grazing and used for mining. Overall economic benefits to the affected states derived from cattle and sheep grazing in the hot desert areas are minimal and, according to a recent U.S. General Accounting Office study (1991), local economies do not depend on the grazing of public lands for economic survival. The economic analysis describes the economy in 1990, prior to designation, and estimates the effects of designation. The report estimates those incremental effects attributable to critical habitat designation. Impacts attributable to listing the species were not considered in this analysis. Although critical habitat units have been designated in nine counties, two counties are omitted from the economic analysis because of the small proportion of critical habitat acreage they include. Three key activities (cattle grazing, mineral extraction, and off-road vehicle use) were studied in detail. Even if livestock grazing and commercial off-road racing events were eliminated in the proposed critical habitat units, the potential incremental regional economic impacts would be extremely small. The findings in the report do not include the assumption that mining would be eliminated from critical habitat units, but rather that consultation may result in added mitigation and/or relocation of features. Studies show that society will realize benefits from preservation of species and ecosystems. Survey-based studies confirm that benefits exist and are substantial in size, although these benefits often are not measured in traditional economic markets. The total benefit to society of desert tortoise preservation includes several components. Biodiversity in the Mojave and Colorado Deserts will be improved, some recreation values may increase, and gains in intrinsic value will be realized. Critical habitat designation should result in the loss of fewer than 425 total jobs in the seven counties. These include 340 direct ranching jobs and 85 indirect jobs in other industries. This estimated employment loss will not be permanent for most laborers, it is anticipated that over 85% will be reemployed within two years. The economic consequences of designating critical habitat includes reduced ranch profits in the seven counties of $4,470,000 [the estimated permanent decrease in ranch profits, capitalized at 10% for a 50-year period, in accordance with the methodology of River, et al. (1978)]. Second, the federal government will compensate allottees with a one-time payment estimated at $376,000 for the loss of permanent improvements to grazing lands (pending BLM administrative decisions of partially affected allotments). Finally, discontinuing grazing fees will result in an annual reduction of $170,000 in collected grazing fees that are divided among range improvements, the Federal Treasury, and local governments.

California, Nevada

Factors that Influence the Price of Al, Cd, Co, Cu, Fe, Ni, Pb, Rare Earth Elements, and Zn

This report is based on a presentation delivered at The 12th International Battery Materials Recycling Seminar, March 17-20, 2008, Fort Lauderdale, Fla., about the factors that influence prices for aluminum, cadmium, cobalt, copper, iron, lead, nickel, rare earth elements, and zinc. These are a diverse group of metals that are of interest to the battery recycling industry. Because the U.S. Geological Survey (USGS) closely monitors, yet neither buys nor sells, metal commodities, it is an unbiased source of metal price information and analysis. The authors used information about these and other metals collected and published by the USGS (U.S. production, trade, stocks, and prices and world production) and internationally (consumption and stocks by country) from industry organizations, because metal markets are influenced by activities and events over the entire globe. Long-term prices in this report, represented by unit values, were adjusted to 1998 constant dollars to remove the effects of inflation. A previous USGS study in this subject area was 'Economic Drivers of Mineral Supply' by Lorie A. Wagner, Daniel E. Sullivan, and John L. Sznopek (USGS Open File Report 02-335). By seeking a common cause for common behavior of prices among the various metal commodities, the authors found that major factors that influence prices of metal commodities were international events such as wars and recessions, and national events such as the dissolution of the Soviet Union in 1991 and economic growth in China, which started its open door policy in the 1970s but did not have significant market impact until the 1990s. Metal commodity prices also responded to commodity-specific events such as tariff or usage changes or mine strikes. It is shown that the prices of aluminum, cadmium, copper, iron, lead, nickel, and zinc are at historic highs, that world stocks are at (or near) historic lows, and that China's consumption of these metals had increased substantially, making it the world's leading consumer of these metals.

Open-File Report