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)
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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