By National Research Council Staff
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Additional info for Competitiveness of the U.S. Minerals and Metals Industry
Page breaks are true to the original; line lengths, word breaks, heading styles, and other typesetting-specific formatting, however, cannot be retained, and some typographic errors may have been accidentally inserted. Please use the print version of this publication as the authoritative version for attribution. SUPPLY, DEMAND, AND COMPETITIVENESS OVERVIEW OF MINING AND METAL PRODUCTION PROCESSES The process of locating mineral deposits is termed exploration. In the past, exploration was accomplished almost entirely by examination of surface topographical features and by the taking of core samples.
Mining and minerals industry but rather for continued instability and vulnerability to world economic factors. The relatively sudden revival of prices and profitability during the latter half of the decade poses the danger of false hope. There is also a risk that the industry and the nation will be lulled into believing that the current situation signals a permanent return to prosperity for mining and minerals. In reality it is a welcome but temporary upward turn for an industry that in all likelihood will continue to face challenges to its place in the world market.
Together, these three different situations can provide insights into the range of issues faced by the domestic minerals and metals industry as a whole. The basic stages of exploration, mining, and processing are similar for every metal product (see Box), but the particular form of these stages differs from metal to metal, and each subindustry has developed a structure that reflects the production and consumption of its products. ) The world distribution of metal production and consumption reflects both the mineral endowments of the producer countries and the investment policies of mining firms and national governments.