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                                                                      EXHIBIT 23
 
                         INDEPENDENT AUDITORS' CONSENT
 
The Board of Directors
Eagle-Picher Industries, Inc.:
 
     We consent to incorporation by reference in Registration Statement Nos.
2-50595, 33-5792, 33-31975 and 33-37518 on Form S-8 of Eagle-Picher Industries,
Inc. of our reports, with explanatory paragraphs, dated February 2, 1994
relating to the consolidated balance sheet of Eagle-Picher Industries, Inc. and
subsidiaries (debtor in possession, as of January 7, 1991) as of November 30,
1993 and 1992, and the related consolidated statements of income (loss),
shareholders' equity (deficit), and cash flows and related schedules for each of
the years in the three-year period ended November 30, 1993, which reports appear
in the Company's 1993 Annual Report on Form 10-K and in the 1993 Annual Report
to Shareholders, which is incorporated by reference in the Company's 1993 Annual
Report on Form 10-K. Our report on the consolidated financial statements refers
to changes in accounting for postretirement benefits other than pensions and in
accounting for income taxes in 1993.
 
                                        /s/ KPMG Peat Marwick
Cincinnati, Ohio
February 25, 1994