Our mineral reserves

Bibliographic data

Monograph

Identifikator:: 867029366

URN:: urn:nbn:de:zbw-retromon-93011

Document type:: Monograph

Author:: Smith, George Otis http://d-nb.info/gnd/117634530

Title:: Our mineral reserves

Place of publication:: Washington, DC

Publisher:: Gov. Print. Off.

Year of publication:: 1914

Scope:: 1 Online-Ressource (48 Seiten)

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

14 OUR MINERAL RESERVES. sources last year amounted to $112,000,000, exclusive of gold and silver, which would probably increase this total 50 per cent. The production of copper from foreign sources was by far the larger item, the value of the metal being more than $58,000,000, but Europe was not a considerable exporter, the ore and matte coming princi pally from Mexico, Canada, and Peru. Nickel having a value of nearly $19,000,000 and nearly an equal value of pig iron was pro duced from foreign ores, obtained mainly from Cuba. The largest metallic contributions from Europe are the ores of manganese and the ferroalloys, most of which are imported from European coun tries and represent a production of metals amounting to more than $8,000,000. Foreign lead and zinc, mainly Mexican ores, amounted to about $4,500,000 and $1,000,000, respectively. Although not im ported in as large amount as most of the metals already mentioned, platinum really presents a greater problem for the future, inasmuch as the production of about 39,000 fine ounces, having a value of $1,800,000, is derived mainly from Russian ores and concentrates, Colombia being the other foreign source. The sources of the anti mony, arsenic, and bismuth consumed in this country are largely for eign, and the world prices of bismuth have been fixed by a European syndicate. IRON. The European countries that rank next to the United States in the output of iron ore as of coal—Germany, Great Britain, and France—are at war, and Austria and Russia are also large producers, though they are below Sweden and Spain in rank. The interference with industries caused by military service can not fail to reduce the output of mine and furnace and to enlarge the demand for American iron and steel. The largest exporter of iron ore to the United States is Cuba and the next is Canada, but the imports from these countries can hardly be seriously affected by present conditions. The imports of iron ore into the United States are relatively small except to blast furnaces on the Atlantic seaboard, although it has been expected that unless commerce with the west coast of South America is inter rupted a considerable quantity of ore will soon come annually from Chile by way of the Panama Canal. The iron-ore reserves in the United States are so enormous, how ever, that iron-mining operations can readily respond to an increased demand for ore should occasion require it. The foreign trade of the United States in pig iron is also relatively small, and the imports and exports of both iron ore and pig iron and steel should remain low, and efforts should be concentrated mainly on the problem of increasing the exports of iron and steel products from the United States, as well as that of supplying manufactures of iron and steel to the domestic market that formerly depended on imported products.

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