What does Base Metals mean?
Base metals is a generic term used for common metals such iron, copper, aluminium, lead, zinc, and nickel. They are found in abundant quantity in nature and have wide commercial and industrial applications.
Futures Knowledge Explains Base Metals
Base metals ores are extracted from nature and processed and then traded in high volumes in commodity markets and futures markets. As their extraction and production cost is generally low, they are comparatively cheaper than precious metals such as gold, silver and platinum.