Commodities Definitions

Ferrous Metal

Posted By: TradersLog

The term ferrous is derived from the latin ferrum meaning containing iron – hence ferrous metals are those containing iron such as nickel, steel and iron itself. Ferrous metals are often magnetic but this is not a defining characteristic.

Non-ferrous metals include common metals such as aluminum, tin, copper and zinc, and also precious metals such as gold, silver and platinum.

See also: Futures Trading

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