Current Scenario on Metal & Metal Trading

Metals and their varied usage, makes it the backbone of an economy. They mark the economic growth of a country. Metal industry has two main segments: Non-ferrous metals and ferrous metals.

Non – Ferrous

Demand for non-ferrous metals comes from sectors such as agriculture, automobiles, railways, telecommunications, construction and chemicals. Non-ferrous metals include aluminum, copper, zinc, lead, nickel and tin.

Copper: India is among top 20 major producers copper globally. Falling prices of copper in international markets would benefit India, as it is one of the world’s biggest importers of the metal, alongside China, Japan, South Korea and Germany. As a consequence, volatility in prices of the metal on the LME has a significant bearing on Indian copper trading.

Green Overseas trades LME registered Copper Cathodes, Non LME registered Copper Cathodes, Copper scrap, Copper Rods and Copper concentrates.

Aluminum: It is a light weight, silver-white, metallic element, that makes up approximately 7 per cent of the earth’s crust. It weighs about one third as much as steel (7480- 8000 Kg/ cubic meter) or copper (8930 Kg/cubic meter). Aluminium is malleable, ductile, easily casted and has excellent corrosion resistance and durability. It is mined in the form of bauxite ore and exists primarily in combination with oxygen as alumina.

Zinc: It is the fourth most widely used metal globally, after steel, aluminum and copper. Zinc was being produced from its oxide ores, before more abundant sulphides became a major source of supply. In 1916, the electrolytic process replaced the pyrometallurgical process as the dominating production method.