Minerals and Ores
Ores (metals) are traded internationally and comprise a sizeable portion of international trade in raw materials both in value and volume. This is because the worldwide distribution of ores is unequal and dislocated from locations of peak demand and from smelting infrastructure.
Most base metals (copper, lead, zinc, nickel) are traded internationally on the London Metal Exchange, with smaller stockpiles and metals exchanges monitored by the COMEX and NYMEX exchanges in the United States and the Shanghai Futures Exchange in China. Such metals include lithium, niobium-tantalum, bismuth, antimony and rare earths. Most of these commodities are also dominated by one or two major suppliers with >60% of the world\’s reserves.
Iron ore is traded through various benchmark prices that are set yearly between the major mining conglomerates and the major consumers, and this sets the stage for smaller participants. Other, lesser, commodities do not have international clearing houses and benchmark prices and this generally makes determining the price of ores of this nature opaque and difficult.
Global Resource Management Group has an extended list of Buyers that we negotiate with to provide them with quality materials to meet their manufacturing needs.
For all enquiries related to Minerals and Ores, please send an email to us using this form.