Base metals are the most fundamental minerals produced for the modern economy, and metals such as copper, zinc, nickel, lead, and aluminum are the key components that support sustained economic growth.
During periods of economic expansion, these are the first materials to support a bustling economy, reducing inventory at metal warehouses and eventually their source, mines.
A Base Metal Boom?
Today’s infographic comes to us from Tartisan Nickel and it takes a look at the surging demand for base metals for use in renewable energy and EVs, and whether this could translate into a sustained bull market for base metals.
Over the last three years, prices of base metals have risen on the back of a growing economy and the anticipation of usage in new technologies such as lithium-ion batteries, green energy, and electric vehicles:
As goes the success and development of nations, so goes the production and consumption of base metals.
Why Higher Prices?
Development outside of the Western world has been the main driver of the base metal boom, and it will likely continue to push prices higher in the future.
China has been the primary consumer of metals due to the country’s rapid economic expansion – and with recent efforts to improve environmental standards, the country is simultaneously eliminating supplies of low quality and environmentally toxic metal production. India and Africa will also be emerging sources of base metal demand for the coming decades.
But this is not solely a story of developing nations, as there are some key developments that will include the developed world in the next wave of demand for base metals.
New Sources of Demand
Future demand for base metals will be driven by the onset of a more connected and sustainable world through the adoption of electronic devices and vehicles. This will require a turnover of established infrastructure and the obsolescence of traditional sources of energy, placing pressure on current sources of base metals.
The transformation will be global and will test the limits of current mineral supply.
Renewable Energy Technology
The power grids around the world will adapt to include renewable sources such as wind, solar and other technologies. According to the World Energy Outlook (IEA 2017), it is expected that between 2017 to 2040, a total of 160 GW of global power net additions will come from renewables each year.
Renewables will capture two-thirds of global investment in power plants to 2040 as they become, for many countries, the cheapest source of new power generation. Renewables rely heavily on base metals for their construction, and would not exist without them.
Gasoline cars will be fossils. According to the International Energy Agency, the number of electric vehicles on the road around the world will hit 125 million by 2030. By this time, China will account for 39% of the global EV market.
Currently, warehouse levels in the London Metals Exchange are sitting at five-year lows, with tin leading the pack with a decline of 400%.
According to the Commodity Markets Outlook (World Bank, April 2018), supply could be curtailed by slower ramp-up of new capacity, tighter environmental constraints, sanctions against commodity producers, and rising costs. If new supply does not come into the market, this could also drive prices for base metals higher.
There is only one source to replenish supply and fulfill future demand, and that is with mining.
New mines need to be discovered, developed and come online to meet demand. In the meantime, those that invest in the base metals could see scarcity drive prices up as the economy moves towards its electric future on a more populated planet.
An extended base metal boom may very well be on the horizon.
Prove Your Metal: Top 10 Strongest Metals on Earth
There are 91 elements that are defined as metals but not all are the same. Here is a breakdown of the top 10 strongest metals and their applications.
Prove Your Metal: Top 10 Strongest Metals on Earth
The use of metals and the advancement of human civilization have gone hand in hand — and throughout the ages, each metal has proved its worth based on its properties and applications.
Today’s visualization from Viking Steel Structures outlines the 10 strongest metals on Earth and their applications.
What are Metals?
Metals are solid materials that are typically hard, shiny, malleable, and ductile, with good electrical and thermal conductivity. But not all metal is equal, which makes their uses as varied as their individual properties and benefits.
The periodic table below presents a simple view of the relationship between metals, nonmetals, and metalloids, which you can easily identify by color.
While 91 of the 118 elements of the periodic table are considered to be metals, only a few of them stand out as the strongest.
What Makes a Metal Strong?
The strength of a metal depends on four properties:
- Tensile Strength: How well a metal resists being pulled apart
- Compressive Strength: How well a material resists being squashed together
- Yield Strength: How well a rod or beam of a particular metal resists bending and permanent damage
- Impact Strength: The ability to resist shattering upon impact with another object or surface
Here are the top 10 metals based on these properties.
The Top 10 Strongest Metals
|Rank||Type of Metal||Example Use||Atomic Weight||Melting Point|
|#1||Tungsten||Making bullets and missiles||183.84 u||3422°C / 6192 °F|
|#2||Steel||Construction of railroads, roads, other infrastructure and appliances||n/a||1371°C / 2500°F|
|#3||Chromium||Manufacturing stainless steel||51.96 u||1907°C / 3465°F,|
|#4||Titanium||In the aerospace Industry, as a lightweight material with strength||47.87 u||1668°C / 3032°F|
|#5||Iron||Used to make bridges, electricity, pylons, bicycle chains, cutting tools and rifle barrels||55.85 u||1536°C / 2800°F|
|#6||Vanadium||80% of vanadium is alloyed with iron to make steel shock and corrosion resistance||50.942 u||1910°C / 3470°F|
|#7||Lutetium||Used as catalysts in petroleum production.||174.96 u||1663 °C / 3025°F|
|#8||Zirconium||Used in nuclear power stations.||91.22 u||1850°C / 3.362°F|
|#9||Osmium||Added to platinum or indium to make them harder.||190.2 u||3000°C / 5,400°F|
|#10||Tantalum||Used as an alloy due to its high melting point and anti-corrosion.||180.94 u||3,017°C / 5462°F|
Out of the Forge and into Tech: Metals for the Future
While these metals help to forge the modern world, there is a new class of metals that are set to create a new future.
Rare Earth elements (REEs) are a group of metals do not rely on their strength, but instead their importance in applications in new technologies, including those used for green energy.
|Neodymium||Magnets containing neodymium are used in green technologies such as the manufacture of wind turbines and hybrid cars.|
|Lanthanum||Used in catalytic converters in cars, enabling them to run at high temperatures|
|Cerium||This element is used in camera and telescope lenses.|
|Praseodymium||Used to create strong metals for use in aircraft engines.|
|Gadolinium||Used in X-ray and MRI scanning systems, and also in television screens.|
|Yttrium, terbium, europium||Making televisions and computer screens and other devices that have visual displays.|
If the world is going to move towards a more sustainable and efficient future, metals—both tough and smart—are going to be critical. Each one will serve a particular purpose to build the infrastructure and technology for the next generation.
Our ability to deploy technology with the right materials will test the world’s mettle to meet the challenges of tomorrow—so choose wisely.
20 Common Metal Alloys and What They’re Made Of
You can’t find stainless steel, brass, sterling silver, or white gold on the periodic table. Learn about 20 common metal alloys, and what they are made from.
Every day, you’re likely to encounter metals that cannot be found anywhere on the periodic table.
You may play a brass instrument while wearing a white gold necklace – or maybe you cook with a cast iron skillet and store your leftovers in a stainless steel refrigerator.
It’s likely that you know these common metal alloys by name, and you can probably even imagine what they look and feel like. But do you know what base metals these alloys are made of, exactly?
Common Metal Alloys
Today’s infographic comes to us from Alan’s Factory Outlet, and it breaks down metal and non-metal components that go into popular metal alloys.
In total, 20 alloys are highlighted, and they range from household names (i.e. bronze, sterling silver) to lesser-known metals that are crucial for industrial purposes (i.e. solder, gunmetal, magnox).
Humans make metal alloys for various reasons.
Some alloys have long-standing historical significance. For example, electrum is a naturally-occurring alloy of gold and silver (with trace amounts of copper) that was used to make the very first metal coins in ancient history.
However, most of the common metal alloys on the above list are actually human inventions that are used to achieve practical purposes. Some were innovated by brilliant metallurgists, while others were discovered by fluke, but they’ve all had an ongoing impact on our species over time.
Alloys with an Impact
The Bronze Age (3,000 BC – 1,200 BC) is an important historical period that is rightfully named after one game-changing development: the ability to use bronze. This alloy, made from copper and tin, was extremely useful to our ancestors because it is much stronger and harder than its component metals.
Steel is another great example of an alloy that has changed the world. It is one of the most important and widely-used metals today. Without steel, modern civilization (skyscrapers, bridges, etc.) simply wouldn’t be possible.
While nobody knows exactly who invented steel, the alloy has a widely-known cousin that was likely invented in somewhat accidental circumstances.
In 1912, English metallurgist Harry Brearley had been tasked with finding a more erosion-resistant steel for a small arms manufacturer, trying many variations of alloys with none seeming to be suitable. However, in his scrap metal heap – where almost all of the metals he tried were rusting – there was one gun barrel that remained astonishingly untouched.
The metal alloy – now known to the world as stainless steel – was a step forward in creating a corrosion-resistant steel that is now used in many applications ranging from medical uses to heavy industry.
Markets11 months ago
The Jeff Bezos Empire in One Giant Chart
Maps1 year ago
Mercator Misconceptions: Clever Map Shows the True Size of Countries
Advertising10 months ago
Meet Generation Z: The Newest Member to the Workforce
Misc1 year ago
24 Cognitive Biases That Are Warping Your Perception of Reality
Advertising8 months ago
How the Tech Giants Make Their Billions
Technology11 months ago
The 20 Internet Giants That Rule the Web
Chart of the Week11 months ago
Chart: The World’s Largest 10 Economies in 2030
Environment10 months ago
The World’s 25 Largest Lakes, Side by Side