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News Release

U.S. Department of the Interior
U.S. Geological Survey

Address
953 National Center
Reston, VA 20192
Release
January 6, 2000
Contact
pplunker@usgs.gov
tjones@usgs.gov
Phone
703-648-4979
703-648-4973
Fax
703-648-7757


Prices and Events in U.S. Metals Sector Detailed in New Report

Thirty years of U.S. metal prices and the events that influenced them are profiled in a single document by the U.S. Geological Survey (USGS). "Metal Prices in the United States Through 1998" provides an extended price history for over 60 metals. Such information can be useful for decision support and study of issues in the national economy, analysis of mineral commodity issues, as well as for other purposes.

"Metal Prices in the United States Through 1998" has been published by USGS mineral commodity specialists in response to requests by the Bureau of the Census, the Bureau of Economic Analysis, and other government agencies, as well as academia and others. The publication tracks long-term price trends for over 60 metals in current and constant 1992 dollars (deflated in relation to the Consumer Price Index). Additionally, the chapter for each mineral commodity includes a graph of annual current and 1992 constant dollar prices for 1959 through 1998, where available; a list of significant events that affected prices; a brief discussion of the metal and its history; and one or more tables that list current dollar prices. Constant dollar prices can be used to show if prices have kept pace with inflation. For example, in the mid-1980's gold prices declined owing to fluctuating world currency exchange rates, increasing concern about U.S. trade and budget deficits and banking problems, and Third World debt. Conversely, aluminum metal prices skyrocketed during roughly the same period because of worldwide supply shortages. The report "Metal Prices in the United States Through 1998" is available for purchase from the Superintendent of Documents, P.O. Box 371954, Pittsburgh, PA 15250-7954. The stock number is 024-004-02467-4; price is $17.00 for U.S. delivery and $21.25 for delivery outside the United States. As the nation's largest water, earth and biological science, and civilian mapping agency, the USGS works in cooperation with more than 2000 organizations across the country to provide reliable, impartial, scientific information to resource managers, planners, and other customers. This information is gathered in every state by USGS scientists to minimize the loss of life and property from natural disasters, to contribute to the conservation and the sound economic and physical development of the nation's natural resources, and to enhance the quality of life by monitoring water, biological, energy, and mineral resources.

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U.S. Geological Survey, MS119 National Center, Reston, VA 20192, USA
URL http://www.usgs.gov/public/press/public_affairs/press_releases/pr1148m.html
Contact: pplunker@usgs.gov
Last Modification: 1-10-2000@5:36pm(KRW)