METWORLD DMCC - Difference Between Ferrous and Nonferrous Metals
If you are planning to begin trading in metals then it becomes essential that you know the difference between ferrous and nonferrous metals. Even though the difference is relatively simple, ferrous metal category includes iron and nonferrous metals do not contain any trace of iron. However, the difference between these metals goes beyond due to different mix and compositions of the metals. Let us learn all about it.
Ferrous metals: Durability factor
The first thing that the ferrous metal offers is the durability factor, like iron and its types. Due to this factor it is used in producing sturdy hand tools, pipelines and even used in construction. However, ferrous metals are at the same time malleable, for example, steel can be transformed into shiny stainless steel.
Following are some of the examples of ferrous metals:
Mild steel – often used in buildings and for general engineering purposes.
Carbon steel –used in creating tools.
Stainless steel – a variety of steel that is rust resistant.
Cast iron – used in cooking appliances, vehicle engines and utility hole covers.
Wrought iron – used in making beds, fences and gates.
Non-Ferrous Metals: Flexibility
There are numerous uses when it comes to nonferrous metals, these would be copper and aluminium in particular that are most commonly dealt with. These are the most popular nonferrous metals due to their heat and electricity conductivity and this is why most of the smartphones contain components of these metals. Another thing to note is that nonferrous metals are corrosion proof and for this reason these metals are used in numerous products. If one is to go by precious nonferrous metals then Gold and Silver cannot be ignored as these are used for decorative purpose and for jewellery making.
Following are some of the nonferrous metals examples:
Lead – used in batteries, paints and fuel. Used for making pipelines.
Copper – used in vehicles, wiring and in appliances.
Silver – used for creating jewellery, mirrors and silverware cutlery. It is also used in electrical contacts.
Aluminium – used in food packaging, making appliances, power lines and in vehicles.
Brass –used in bath and sink fittings and fixtures. Used as door knobs, screws and light fixtures.
Gold – it is used in medical uses as fillings for tooth, other uses are for creating jewellery, electronics and computer components.
If one is to look at major difference between ferrous and nonferrous metals then it comes down to the availability and the cost factors. With the basic ingredients of ferrous metals that are iron and carbon these are easily available, thus are relatively cheaper.
As far as nonferrous metals are concerned, God and Silver are very costly and not widely used. These metals are expensive and that is why these are termed in the category of precious metals. Other nonferrous metals like aluminium, copper and brass are used in variety of products and these are widely used, still these are most popular and highly priced in the market or having high resale market value.