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Metal prices are the prices of metal as a commodity that are traded in bulk at a predefined purity or grade. Metal can be split into three major categories, precious metals, industrial metals and other metals. Precious metals and industrial metals are priced by trading of those metals on commodities exchanges. [1]
American Metal Market (AMM) is an online provider of industry news and metal pricing information for the U.S. steel, nonferrous and scrap markets. Products include a daily publication available electronically, live news on the publication's website, a hard-copy magazine and a series of weekly newsletters covering niche markets.
Some scrap yards' websites have updated scrap prices. In the US, scrap prices are reported in a handful of publications, including American Metal Market, based on confirmed sales as well as reference sites such as Scrap Metal Prices and Auctions. Non-US domiciled publications, such as The Steel Index, also report on the US scrap price, which ...
Recycling is via a steelworks: scrap is either remelted in an electric arc furnace (90-100% scrap), or used as part of the charge in a Basic Oxygen Furnace (around 25% scrap). [20] Any grade of steel can be recycled to top quality new metal, with no 'downgrading' from prime to lower quality materials as steel is recycled repeatedly. 42% of ...
Islamic Golden Age brass astrolabe Brass lectern with an eagle. Attributed to Aert van Tricht, Limburg (Netherlands), c. 1500.. Brass is an alloy of copper and zinc, in proportions which can be varied to achieve different colours and mechanical, electrical, acoustic and chemical properties, [1] but copper typically has the larger proportion, generally 66% copper and 34% zinc.
A bronze casting showing the sprue and risers. A riser, also known as a feeder, [1] is a reservoir built into a metal casting mold to prevent cavities due to shrinkage.Most metals are less dense as a liquid than as a solid so castings shrink upon cooling, which can leave a void at the last point to solidify.
Gunmetal ingot is a related alloy in which the zinc is replaced by 2% lead; this makes the alloy easier to cast but it has less strength. [2]Modified gunmetal contains lead in addition to the zinc; it is typically composed of 86% copper, 9.5% tin, 2.5% lead, and 2% zinc.
Firms have a variety of methods of using various amounts of inputs, and they select the lowest total cost method for any given amount of output (quantity produced). For example, if a micro-enterprise wanted to make a few pins, the cheapest way to do so might be to hire a jack-of-all-trades, buy a little scrap metal, and have him work on it at ...