Refined Copper Stocks, End of the Month for United States
Thousands of Short Tons, Monthly, Not Seasonally Adjusted
M0520CUSM601NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.70
Year-over-Year Change
-42.10%
Date Range
12/1/1937 - 12/1/1946
Summary
This economic trend measures the monthly volume of short tons of nonferrous metal ores and concentrates, including copper, aluminum, and other metals, produced in the United States. It provides insight into the health and activity of the U.S. mining industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Thousands of Short Tons, Monthly, Not Seasonally Adjusted metric tracks the raw output of nonferrous metal mining operations across the country. It is a key indicator of domestic mining production capacity and can signal broader trends in industrial activity, commodity markets, and the overall strength of the U.S. economy.
Methodology
The data is collected through surveys of U.S. mining operations by the U.S. Geological Survey.
Historical Context
This metric is closely watched by policymakers, industry analysts, and investors to assess the state of the mining sector and broader industrial production.
Key Facts
- Nonferrous metal ores include copper, aluminum, and other valuable metals.
- Mining is a key component of the U.S. industrial base and GDP.
- Monthly production volumes can signal economic expansion or contraction.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly volume of short tons of nonferrous metal ores and concentrates, such as copper and aluminum, produced in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of the U.S. mining industry, which is a crucial component of the domestic industrial base and broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. mining operations by the U.S. Geological Survey.
Q: How is this trend used in economic policy?
A: This metric is closely watched by policymakers, industry analysts, and investors to assess the state of the mining sector and broader industrial production.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with a short delay, providing timely insights into mining activity.
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Citation
U.S. Federal Reserve, Thousands of Short Tons, Monthly, Not Seasonally Adjusted (M0520CUSM601NNBR), retrieved from FRED.