Wednesday, December 7, 2011

Nonferrous-metal for Sale

Non-ferrous metals are metals that do not contain iron. There are two groups of metals; ferrous and non-ferrous. Ferrous metals contain iron, for example carbon steel, stainless steel (both alloys; mixtures of metals) and wrought iron. The LME offers futures, options and TAPOs contracts for aluminium, copper, nickel, tin, zinc and lead plus two regional aluminium alloy contracts. Non-ferrous metals don't contain iron, for example aluminium, brass, copper (which can be remembered as ABC) and titanium. You can also get non-ferrous metals as alloys eg, brass is an alloy of copper and zinc. This section of the website allows you to find out more information about the specific products offered including contract specifications, LME listed brands, trading times and committee information.
Nonferrous metals are specified for structural applications requiring reduced weight, higher strength, nonmagnetic properties, higher melting points, or resistance to chemical and atmospheric corrosion. They are also specified for electrical and electronic applications. The most commonly used non-ferrous metals are aluminium, copper, lead, zinc, nickel, titanium, cobalt, chromium and precious metals. Millions of tonnes of nonferrous scrap are recovered annually and used by smelters, refiners, ingot makers, foundries, and other manufacturers. Secondary materials are essential to the industry’s survival because even new metals often require the combined use of recycled materials.
Click on the links below to find out more about the LME’s non-ferrous metal contracts.

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