November 22, 2013
The aggregates sector contributes $52.3 billion each year to the real gross domestic product (GDP) in the U.S., according to a new report from the Society for Mining, Metallurgy and Exploration (SME).
The report, a technical briefing paper called “Industrial Minerals’ Impact on the U.S. Economy,” looks at the economic impact the industrial minerals sector has on the nation.
The paper points to industrial minerals as a fundamental part of the U.S. economy, adding that, of the $85.8 billion that non-metallic mining contributes annually, the industrial mineral sector brings in $33.5 billion and the aggregates sector brings in 52.3 billion.
According to the paper, total mining is responsible for $232 billion of U.S. GDP.
To read the entire paper, click here.