Non-ferrous metals are much moremalleable than ferrous metals. Non-ferrous metals are also much lighter, makingthem well-suited for use where strength is needed, but weight is a factor, suchas in the aircraft or canning industries. Because they contain no iron,non-ferrous metals have a higher resistance to rust and corrosion, which is whyyou’ll find these materials in use for gutters, water pipes, roofing, and roadsigns.
Important non-ferrous metals includealuminium, copper, lead, nickel, tin, titanium and zinc, and alloys such asbrass. Precious metals such as gold, silver and platinum and exotic or raremetals such as cobalt, mercury, tungsten, bismuth, cerium, cadmium, niobium,indium, tantalum and vanadium are also non-ferrous.
Precious metals such as gold, silverand platinum have long been valued as stores of wealth and for use in producingcoinage, jewelry and decorative arts. Today, precious metals are used in a widerange of applications including electronic and communications equipment,spacecraft, and jet aircraft engines and can be found in everything from cellphones to catalytic converters.
Indian Precious Metals demand hasalways been very active especially Gold and Silver as Indian's are knownworldwide for their love for Gold, be it simply Bars or Ornaments or Coins.This has been the case ever since Gold was first discovered or introduced intoIndia. Investment to silver in India would nearly double world silver jewellerydemand.
Electroplating Chemicals isbasically used for metal finishing and electroplating. This chemical is widelydemanded in automotive, electronics, telecommunications, aerospace andprecision engineering industries. Electroplating is a process in whichelectrical current is used to reduce dissolved metal cation so that they form acoherent metal coating on an electrode.
Demand for non-ferrous metals comesfrom sectors such as agriculture, automobiles, railways, telecommunications,construction and chemicals. The Make in India campaign coupled with enhancedthrusts to sectors like Defence, Railways, Metro, Power, Housing; which allneed huge quantity of Non-Ferrous Metals; will be a great catalyst to spur thedemand in India.
Basic precious and non-ferrous metals’ turnover expected to see13% CAGR over 2014-2020 due to expected growth in construction industry.
For more details download PDF file