The Radiant World’s Commodity Vertical trades the main following commodities :
Iron ore is the third most common element making up the Earth. Iron ores are rocks and minerals from which metallic iron can be extracted. The ores are usually rich in iron oxides and vary in color from dark gray, bright yellow, or deep purple to rusty red. The iron is usually found in the form of magnetite, hematite, goethite and taconite among others. Ores containing very high quantities of hematite or magnetite (greater than about 60% iron) are known as “natural ore” or “direct shipping ore”, meaning they can be fed directly into iron-making blast furnaces. Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel. Upto 98% of the mined iron ore is used to make steel. Iron ore is not strong enough for construction, and other purposes, so raw iron is alloyed with other elements such as tungsten, manganese, nickel, vanadium, and chromium. The steel made from iron ore is used in construction, automobile manufacturing and other industrial applications.
Considering the extremely wide usage of steel as a building block in every sphere of life as we know it, iron ore is probably the most integral part of the global economy than any other commodity, except possibly oil. The bulk shipping rates are also majorly driven by iron ore as the largest quantum of bulk traded commodity. Seaborne iron ore market is approximately 1.5 Bn metric tonnes. China is the largest consumer and importer (roughly 75% of seaborne tonnage) of iron ore. Major Seaborne iron ore comes from Australia and Brazil with Russia, South Africa, India and Canada among the other notable origins.
Iron ore is the primary commodity traded by us, the backbone of our historical business and today still our core activity. We trade the following main products: Sinter fines, Concentrate, Pellet feed and BF pellets
Origination is mainly from Australia, Brazil and India from the major suppliers. Other origins are Mauritania, Chile, and South-Africa. Majority of our iron ore sales are into China. Iron ore grades range from about 55% Fe to 68% Fe, for pricing purposes the benchmark is 62% Fe with a premium above and a discount below this percentage.
Copper is the third-most-consumed metal in the world. It is also known as a highly electrically conductive material. The properties of copper include good electrical conductivity, excellent thermal conductivity, corrosion resistance, high ductility, recyclability, and non-magnetic nature. The copper market is segmented by end-user industry – automotive and heavy equipment, construction, electrical and electronics, industrial, and other end-user industries. Copper is being used for many applications due to its properties. Electronic applications of copper are wires and cables, dynamos, transformers, motors, electromagnets, switches, communication cables, residential electrical circuits, etc. Recently, the growth of electric vehicles increased the demand for copper. Foils, stators, rotors, shaft heads, hollow wires, and motors are used in electrical vehicles consisting of heavy copper
Most copper is mined or extracted as copper sulfides from large open pit mines in porphyry copper deposits that contain 0.4 to 1.0% copper.
Renewable energy sources such as solar, wind, tidal, hydro, biomass, and geothermal have become significant sectors of the energy market. Copper plays an important role in these renewable energy systems. Copper usage averages up to five times more in renewable energy systems than in traditional power generation. Since copper is an excellent thermal and electrical conductor among the engineering metals, power systems that utilize copper generate and transmit energy with high efficiency and with minimum environmental impacts.
Our Copper Cathodes Origination is mainly from Chile, Africa and Japan. Sales in India, China and Southeast Asia. We mainly trade LME registered Grade A material and also some Non LME registered Grade A and Off grade material.
Cobalt is a bright, fragile chemical material used to create powerful alloys, permanent magnets, and hard metals with corrosion and thermal resistance. It is obtained as a by-product of copper and nickel mining. The silver-coloured metal is fragile and possesses a high melting point. It is preferred for its strength and wear resistance at high temperatures. These nickel and copper mining sites are majorly found in the Democratic Republic of Congo, China, Russia, Canada, and Australia, among others. The Democratic Republic of the Congo is the largest producer of cobalt globally.
Cobalt has major applications as a battery chemical. It is also highly valued as a catalyst. It also has wide applications in the production of turbine blades for jet engines, exhaust valves, gun barrels, and permanent magnets. It is also used in implants, including orthopedic, dental implants, and prosthetic hips and knees. Thus, based on its applications, its market can be segmented into batteries, alloys, tool materials, catalysts, pigments, magnets, soaps, other.
Our Cobalt cut cathodes origination is mainly from Norway and sales are into India
Nickel is a chemical element and a transition metal, mostly used for high-grade steel manufacturing. The nickel market by application is segmented into stainless steel, alloys, plating, casting, batteries, and other applications. Owing to its corrosion resistance, durability, and abundance in availability, stainless steel is used in various sectors, including food and beverage, construction, aerospace, transport, medical, chemical, etc. Nickel plays a crucial role in the manufacture of stainless steel. It is one of the major commercial grades of alloys used in stainless steel production. Nickel alloying holds for almost two-third of the stainless-steel production process across the world.
Asia-Pacific holds the major share in the consumption of nickel. This is primarily due to the presence of large stainless-steel manufacturing companies and battery manufacturers. The major nickel ore concentrations in the Philippines, New Caledonia, Australia, Indonesia, and China are instrumental to making the region the largest producer of nickel.The increasing consumption level of nickel in Electric Vehicles (EVs) is also expected to boost the use of nickel, as it accounts for a considerable share of nickel demand.
We are moving Nickel Briquettes from Australia to India and Malaysia.
Manganese combined with other elements is widely distributed in Earth’s crust and is the fifth most abundant metal. Manganese is second only to iron among the transition elements in its abundance; it is roughly similar to iron in its physical and chemical properties but is harder and more brittle. Its minerals are widely distributed, with pyrolusite (manganese dioxide) and rhodochrosite (manganese carbonate) being the most common. Manganese ores are primarily produced by Australia, South Africa , China, Gabon, and Brazil.
Most of the manganese produced is used in the form of ferromanganese and silico manganese alloys for iron and steel manufacture. Manganese ores containing iron oxides are first reduced in blast furnaces or electric furnaces with carbon to yield ferromanganese, which in turn is used in steelmaking.
We originate Manganese from West Africa, South Africa and Australia and sales are mainly to India and China. Manganese ore grades typically traded are ranging from 36% to 43%.