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The company trades steel billets and base metals such as Aluminium, Copper, Nickel and Zinc. All of the metals trading take place over the counter (OTC). With its influence in the Middle East and direct access to the market, GECX Group is able to satisfy the needs of producers and consumers worldwide and become an integral part of the metal supply chain.
Steel is an industry of immense global proportions, with diverse products and applications. Market conditions have resulted in high prices, supply disruptions and increased business volatility. This volatility has led consumers to look for other ways to mitigate their price risk including the establishment of variable cost contracts, surcharge mechanisms and over the counter derivative (OTC) products.
Most base metals 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.
The extensive use of Aluminium only began once an inexpensive method for distilling was discovered. It is extremely light, pliable, has high conductivity and is resistant to rust and consequently it has become the most extensively used metal.
Copper was the first mineral to be extracted from the earth and along with tin gave rise to the Bronze Age. One of its main industrial usages is for the production of cable, wire and electrical products for both the electrical and building industries.
In the mid-18th century, primary nickel was first isolated as a separate metal. It was found that by combining primary nickel with steel, the durability and strength of the steel increased significantly as did its resistance to corrosion. This partnership has remained and the production of stainless steel is now the single largest consumer of primary nickel today.
Zinc is commonly mined as a co-product with standard lead and both metals have growing core markets for their consumption. Its main market is galvanising, which accounts for almost half its modern-day demand.
|Authorised and regulated in the UK by the Financial Services Authority (FSA) - 537953|