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Bureau of Mines / Minerals yearbook: Metals and minerals 1977
Year 1977, Volume 1 (1977)

Carlin, James F., Jr.
Bismuth,   pp. 187-190 PDF (351.1 KB)


Page 187

  187Bismuth 
By James F. Carlin, Jr.' 
 Exports of bismuth increased during the year; domestic consumption, domestic
production, and imports of bismuth all declined in 1977. Consumption was
2.4 million pounds, the same as that of 197&Exports increased to
95,334
pounds, a gain of 39% over the 1976 level. Imports declined 14% to 2.0 million
pounds. The decline was attributed to reduced demand. The domestic producer
price for bismuth continued its 
downward trend of recent years: The price held firm at $7.50 for the first
half of the year, but by September had fallen to $4.50 per pound where it
remained through December. World bismuth mine production was 8.8 million
pounds, an increase of 4% over that of 1976. The general pattern of production
was unchanged from that of 
1976. 
Table 1.—Salient bismuth statistics 
(Pounds) 
1973 
1974 
1975 
1976 
1977 
United States: 
 Consumption                      
 Exports'                         
 Imports,general                    
Price: New York, average per pound (ton Iots)_                          
 Stocks Dec. 31: Consumer            World:Production2                  
2,906,219 
151,053 
2,683,671 
 $4.92 
540,756 
8,205,000 
2,283,978 
 329,926 
1,893,744 
 $8.41 
 596,757 
10,631,000 
1,406,021 
 128,893 
1,331,173 
 $7.72 
 451,250 
' 8,776,~)4) 
2,410,584 
 68,488 
2,328,051 
 $7.50 
 483,810 
r8,532,~)() 
2,379,635 
 95,334 
2,013,333 
 $6.01 
436,092 
8,844,000 
 ' Includes bismuth, bismuth alloys, and waste and scrap. 2Excludes the United
States. 
 Legislation and Government Programs.—Government stocks of bismuth
remained at 2,081,298 pounds, including 567,186 pounds in the national stockpile
and 1,514,112 pounds in the supplemental stockpile. On October 7, 1977, the
stockpile goals were reaffirmed by the President, including the goal of 771,000
pounds for bismuth. No action was taken to dispose of the 1,310,298 pounds
of excess. Bismuth remained on the list of commodities eligible 
for exploration assistance under the program administered by the U.S. Geological
Survey's Office of Minerals Exploration. However, no funds were available
in 1977 for exploration projects, and none has been available since fiscal
year 1974. 
 Federal income tax laws under the Tax Reform Act of 1969 provided a percentage
depletion allowance of 22% for domestic production and 14% for U.S. companies
producing from foreign sources. 


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