Author Archives: Claudia Soria

Minor Metals

Posted on February 8, 2011 by Claudia Soria

Minor metals can be defined as metals that are by-products of other metals according to the LME. Additional criteria has been formulated to define minor metals. Minor metals are used in many end-use applications: rechargeable batteries, lasers, high temperature alloys, … Continue reading →

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Hundredweight

Posted on February 4, 2011 by Claudia Soria

Also referred to as centum weight, the hundredweight (cwt) is a unit of mass expressed in terms of pounds. In commodity trading the (short) hundredweight is used as unit for rough rice (RR) future contracts traded at the CBOT. Imperial … Continue reading →

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Troy Ounce

Posted on February 4, 2011 by Claudia Soria

The troy ounce (ozt) is a unit of mass (imperial system) used to gauge the weight and therefore the price of precious metals (gold, silver, platinum and palladium) and gemstones. 1 troy ounce = 31.1034768 grams 1 troy ounce = … Continue reading →

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Precious Metals

Posted on February 4, 2011 by Claudia Soria

Precious metals are rare naturally-occurring elements of high economic value. This category includes gold, silver, platinum and palladium. Historically, precious metals were used as currency, but are now regarded mainly as investment and as industrial commodities. These precious metals have … Continue reading →

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Base Metals

Posted on February 4, 2011 by Claudia Soria

Base metals are metals that oxidize or corrode relatively easily, and react variably with diluted hydrochloric acid (HCl) to form hydrogen. Examples include aluminum, nickel, lead, tin and zinc. Copper is considered a base metal as it oxidizes relatively easily, … Continue reading →

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Bushel

Posted on February 3, 2011 by Claudia Soria

A bushel (bu, bsh.) is an imperial and U.S. customary unit of dry volume, equivalent in each of these systems to 8 gallons. It is used for volumes of dry commodities (not liquids), most often in agriculture. Bushels are now … Continue reading →

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Crude Oil

Posted on February 3, 2011 by Claudia Soria

Crude oil is a naturally occurring liquid composed mostly of hydrogen and carbon. It is usually found underground but can also be found above ground in oil seeps or tar pits. It is used to produce fuel for cars, trucks, … Continue reading →

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Robusta Coffee

Posted on February 3, 2011 by Claudia Soria

Robusta coffee beans have a slightly bitter taste and contain more caffeine than its arabica counterpart. Low quality blends consists of a mix of arabica and robusta beans or entirely of robusta beans. Countries that produce robusta coffee beans include: … Continue reading →

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Arabica Coffee

Posted on February 3, 2011 by Claudia Soria

Arabica coffee beans are mild in flavor and contain less caffeine than other varieties. High quality blends consist of 100% arabica beans. Countries that produce arabica beans include Brazil, India, Colombia, Venezuela, Ecuador, Peru, Bolivia, Paraguay, Guyana, Suriname, French Guiana, … Continue reading →

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Cost, Insurance and Freight (CIF)

Posted on February 2, 2011 by Claudia Soria

A transaction where the seller must pay the costs, freight and insurance to bring the goods to the port of destination. Maritime transport only. Risk is transferred to the buyer once the goods have crossed the ship’s rail.

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