Exhibit 23.2

                        CONSENT OF INDEPENDENT AUDITORS
 
The Board of Directors
Eagle-Picher Industries, Inc.:
 
We consent to the use of our report included herein and to the reference to our
firm under the heading 'Experts' in the prospectus.
 
Our report dated February 5, 1997 was unqualified except for consistency in the
application of accounting principles as a result of the Company's change in its
method of computing LIFO for certain inventories.
 
                                                /s/ KPMG PEAT MARWICK LLP
                                              -------------------------------
                                                    KPMG Peat Marwick LLP
 
Cincinnati, Ohio
May 19, 1998