Bureau of Mines / Minerals yearbook: Metals, minerals, and fuels 1972
Year 1972, Volume 1 (1972)
Hague, J. M.
Bismuth, pp. 211-216 PDF (566.5 KB)
211Bismuth By J. M. Hague1 After declining in the preceding 2 years, consumption of bismuth in the United States during 1972 increased about 40% to a level near the annual average of the 1961—70 period. The price of bismuth was generally firm during the year but at a level substantially below the -average of recent years. Sustained demand however, brought a price increase in the fourth quarter. Domestic production increased only slightly and the increased demand was met by increased imports and by sales from the Government stockpile. World production outside the United States increased slightly and reached a new record. World production and consumption of bismuth has grown at a faster rate during the last 30 years than U.S. production and consumption; the centers of production are shifting toward foreign mines and smelters. Legislation and Government Programs. —The General Services Administration (GSA) continued to sell surplus stocks of bismuth from the national stockpile during the first three quarters of 1972. On October 10, announcement was made that all bismuth remaining in inventory was required in order to meet the stockpile objective at that time, 2.1 million pounds; the sales program was terminated under the authorization of Public Law 91—318 (approved July 10, 1970). Sales during 1972 were 235,100 pounds. The stockpile inventory at the end of the year was 2,204,733 pounds. Bismuth remained on the list of com snodities eligible for exploration assistance from the Office of Minerals Exploration (OME) covering 75% of the cost; but no contracts were in effect during 1972 and no applications were pending. Federal income tax laws under the Tax Reform Act of 1969 provide a percentage depletion allowance of 22% for domestic production and 14% for U.S. companies producing from foreign sources. I Mining engineer, Division of Nonferrous Metals. Table 1.—Salient bismuth statistics (Pounds) 1968 1969 1970 1971 1972 United States: Consumption Exports' Imports,general Price: New York, average ton lots Stocks Dec. 31: Consumer and dealer... World: Production 2,347,768 120,466 1,265,671 $4.00 621,500 8,312,000 2,531,959 447,931 894,804 $4.63 597,901 8,289,000 2,209,641 910,275 997,924 $6.00 2721,714 8,192,000 1,648,718 71,187 848,708 $5.26 21,107,215 8,442,000 2,315,534 264,276 1,562,934 $3.63 2717,466 8,794,000 ' Includes bismuth, bismuth alloys, and waste and scrap. 2 Consumer stocks only.
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