What are Metal Commodities?

Metal commodities are raw materials extracted from the earth and traded globally. They are crucial for industrial production, construction, technology, and investment. Metals are broadly categorized into:

1. Industrial (Base) Metals

Used primarily in manufacturing and construction. Prices are influenced by economic growth and industrial demand.

• Copper – Electrical wiring, plumbing, renewable energy.

• Aluminum – Packaging, aerospace, automotive.

• Zinc – Galvanizing steel, batteries.

• Nickel – Stainless steel, electric vehicle (EV) batteries.

• Lead – Batteries, radiation shielding.

• Tin – Electronics, solder, packaging.

2. Precious Metals

Valued for rarity, investment, and industrial uses. Often seen as safe-haven assets.

• Gold – Jewelry, central bank reserves, electronics.

• Silver – Solar panels, electronics, jewelry.

• Platinum – Automotive catalysts, jewelry.

• Palladium – Catalytic converters, hydrogen fuel cells.

3. Ferrous Metals (Iron & Steel)

• Iron Ore – Primary raw material for steel production.

• Steel – Construction, machinery, automotive.

• Steel Scrap – Recycled steel used in production.

4. Minor & Specialty Metals

Used in high-tech and green energy applications.

• Lithium – EV batteries.

• Cobalt – Batteries, aerospace alloys.

• Rare Earth Elements (Neodymium, Dysprosium) – Magnets, electronics.

• Uranium – Nuclear energy.