Minor metals is a widely-used term in the metal industry that generally refers to primary metals not traded on the London Metal Exchange

London Metal Exchange

The London Metal Exchange is the futures exchange with the world's largest market in options, and futures contracts on base and other metals. As the LME offers contracts with daily expiry dates of up to three months from trade date, along with longer-dated contracts up to 123 months, it also...

 (LME).

Characteristics

Two characteristics are regularly associated with minor metals: (1) their global production is relatively small in comparison to base metals, and (2), they are predominantly extracted as by-products of base metals. However, due to the diversity of the metals often classified as minor metals, there is still much discussion about what exactly defines a minor metal. It has also been noted that minor metals can also be characterized as having relatively few end uses in comparison to base metals and that they are more difficult to extract from their naturally occurring host minerals than base metals.

Industry

According to the Minor Metals Trade Association

Minor Metals Trade Association

The Minor Metals Trade Association is a world-wide industry association whose members are involved in over 35 metals that are not traded on exchanges. The MMTA membership includes 120 companies from 30 different countries that trade in excess of US$10 billion of minor metals annually...

 (MMTA), it’s members alone account for over US$10 billion in annual trade of minor metal products.

Production

Recent research based on data from the United States Geological Survey

United States Geological Survey

The United States Geological Survey is a scientific agency of the United States government. The scientists of the USGS study the landscape of the United States, its natural resources, and the natural hazards that threaten it. The organization has four major science disciplines, concerning biology,...

 (USGS) indicates that China is not only the leading primary producer of minor metals, supplying about 40 percent of all production, but that that China's share of global production increased 34 percent between 2000 and 2009.

Applications

Minor metals are used in a wide diversity of end-use applications, from capacitors for consumer electronics (tantalum

Tantalum

Tantalum is a chemical element with the symbol Ta and atomic number 73. Previously known as tantalium, the name comes from Tantalus, a character in Greek mythology. Tantalum is a rare, hard, blue-gray, lustrous transition metal that is highly corrosion resistant. It is part of the refractory...

) and metallic cathodes for rechargeable batteries (cobalt

Cobalt

Cobalt is a chemical element with symbol Co and atomic number 27. It is found naturally only in chemically combined form. The free element, produced by reductive smelting, is a hard, lustrous, silver-gray metal....

) to photovoltaic solar cells (silicon

Silicon

Silicon is a chemical element with the symbol Si and atomic number 14. A tetravalent metalloid, it is less reactive than its chemical analog carbon, the nonmetal directly above it in the periodic table, but more reactive than germanium, the metalloid directly below it in the table...

) and semiconductor materials (gallium

Gallium

Gallium is a chemical element that has the symbol Ga and atomic number 31. Elemental gallium does not occur in nature, but as the gallium salt in trace amounts in bauxite and zinc ores. A soft silvery metallic poor metal, elemental gallium is a brittle solid at low temperatures. As it liquefies...

 and indium

Indium

Indium is a chemical element with the symbol In and atomic number 49. This rare, very soft, malleable and easily fusible post-transition metal is chemically similar to gallium and thallium, and shows the intermediate properties between these two...

).The primary end-uses of minor metals can also help to categorize the metals into four groups:

1. Electronic Metals (e.g. Gallium and Germanium)
2. Power Metals (e.g. Molybdenum and Zirconium)
3. Structural Metals (e.g. Chromium and Vanadium)
4. Performance Metals (e.g. Titanium and Rhenium)

Minor Metals

Metals often classified as minor metals include: Antimony

Antimony

Antimony is a toxic chemical element with the symbol Sb and an atomic number of 51. A lustrous grey metalloid, it is found in nature mainly as the sulfide mineral stibnite...

 (Sb), Arsenic

Arsenic

Arsenic is a chemical element with the symbol As, atomic number 33 and relative atomic mass 74.92. Arsenic occurs in many minerals, usually in conjunction with sulfur and metals, and also as a pure elemental crystal. It was first documented by Albertus Magnus in 1250.Arsenic is a metalloid...

 (As), Beryllium

Beryllium

Beryllium is the chemical element with the symbol Be and atomic number 4. It is a divalent element which occurs naturally only in combination with other elements in minerals. Notable gemstones which contain beryllium include beryl and chrysoberyl...

 (Be), Bismuth

Bismuth

Bismuth is a chemical element with symbol Bi and atomic number 83. Bismuth, a trivalent poor metal, chemically resembles arsenic and antimony. Elemental bismuth may occur naturally uncombined, although its sulfide and oxide form important commercial ores. The free element is 86% as dense as lead...

 (Bi), Cadmium

Cadmium

Cadmium is a chemical element with the symbol Cd and atomic number 48. This soft, bluish-white metal is chemically similar to the two other stable metals in group 12, zinc and mercury. Similar to zinc, it prefers oxidation state +2 in most of its compounds and similar to mercury it shows a low...

 (Cd), Cerium

Cerium

Cerium is a chemical element with the symbol Ce and atomic number 58. It is a soft, silvery, ductile metal which easily oxidizes in air. Cerium was named after the dwarf planet . Cerium is the most abundant of the rare earth elements, making up about 0.0046% of the Earth's crust by weight...

 (Ce), Chromium

Chromium

Chromium is a chemical element which has the symbol Cr and atomic number 24. It is the first element in Group 6. It is a steely-gray, lustrous, hard metal that takes a high polish and has a high melting point. It is also odorless, tasteless, and malleable...

 (Cr), Cobalt

Cobalt

Cobalt is a chemical element with symbol Co and atomic number 27. It is found naturally only in chemically combined form. The free element, produced by reductive smelting, is a hard, lustrous, silver-gray metal....

 (Co), Gadolinium

Gadolinium

Gadolinium is a chemical element with the symbol Gd and atomic number 64. It is a silvery-white, malleable and ductile rare-earth metal. It is found in nature only in combined form. Gadolinium was first detected spectroscopically in 1880 by de Marignac who separated its oxide and is credited with...

 (Gd), Gallium

Gallium

Gallium is a chemical element that has the symbol Ga and atomic number 31. Elemental gallium does not occur in nature, but as the gallium salt in trace amounts in bauxite and zinc ores. A soft silvery metallic poor metal, elemental gallium is a brittle solid at low temperatures. As it liquefies...

 (Ga), Germanium

Germanium

Germanium is a chemical element with the symbol Ge and atomic number 32. It is a lustrous, hard, grayish-white metalloid in the carbon group, chemically similar to its group neighbors tin and silicon. The isolated element is a semiconductor, with an appearance most similar to elemental silicon....

 (Ge), Hafnium

Hafnium

Hafnium is a chemical element with the symbol Hf and atomic number 72. A lustrous, silvery gray, tetravalent transition metal, hafnium chemically resembles zirconium and is found in zirconium minerals. Its existence was predicted by Dmitri Mendeleev in 1869. Hafnium was the penultimate stable...

 (Hf), Indium

Indium

Indium is a chemical element with the symbol In and atomic number 49. This rare, very soft, malleable and easily fusible post-transition metal is chemically similar to gallium and thallium, and shows the intermediate properties between these two...

 (In), Lithium

Lithium

Lithium is a soft, silver-white metal that belongs to the alkali metal group of chemical elements. It is represented by the symbol Li, and it has the atomic number 3. Under standard conditions it is the lightest metal and the least dense solid element. Like all alkali metals, lithium is highly...

 (Li), Magnesium

Magnesium

Magnesium is a chemical element with the symbol Mg, atomic number 12, and common oxidation number +2. It is an alkaline earth metal and the eighth most abundant element in the Earth's crust and ninth in the known universe as a whole...

 (Mg), Manganese

Manganese

Manganese is a chemical element, designated by the symbol Mn. It has the atomic number 25. It is found as a free element in nature , and in many minerals...

 (Mn), Mercury

Mercury (element)

Mercury is a chemical element with the symbol Hg and atomic number 80. It is also known as quicksilver or hydrargyrum...

 (Hg), Molybdenum

Molybdenum

Molybdenum , is a Group 6 chemical element with the symbol Mo and atomic number 42. The name is from Neo-Latin Molybdaenum, from Ancient Greek , meaning lead, itself proposed as a loanword from Anatolian Luvian and Lydian languages, since its ores were confused with lead ores...

 (Mo), Neodymium

Neodymium

Neodymium is a chemical element with the symbol Nd and atomic number 60. It is a soft silvery metal that tarnishes in air. Neodymium was discovered in 1885 by the Austrian chemist Carl Auer von Welsbach. It is present in significant quantities in the ore minerals monazite and bastnäsite...

 (Nd), Niobium

Niobium

Niobium or columbium , is a chemical element with the symbol Nb and atomic number 41. It's a soft, grey, ductile transition metal, which is often found in the pyrochlore mineral, the main commercial source for niobium, and columbite...

 (Nb), Iridium

Iridium

Iridium is the chemical element with atomic number 77, and is represented by the symbol Ir. A very hard, brittle, silvery-white transition metal of the platinum family, iridium is the second-densest element and is the most corrosion-resistant metal, even at temperatures as high as 2000 °C...

 (Ir), Osmium

Osmium

Osmium is a chemical element with the symbol Os and atomic number 76. Osmium is a hard, brittle, blue-gray or blue-blacktransition metal in the platinum family, and is the densest natural element. Osmium is twice as dense as lead. The density of osmium is , slightly greater than that of iridium,...

 (Os), Praseodymium

Praseodymium

Praseodymium is a chemical element that has the symbol Pr and atomic number 59. Praseodymium is a soft, silvery, malleable and ductile metal in the lanthanide group. It is too reactive to be found in native form, and when artificially prepared, it slowly develops a green oxide coating.The element...

 (Pr), Rhenium

Rhenium

Rhenium is a chemical element with the symbol Re and atomic number 75. It is a silvery-white, heavy, third-row transition metal in group 7 of the periodic table. With an average concentration of 1 part per billion , rhenium is one of the rarest elements in the Earth's crust. The free element has...

 (Re), Rhodium

Rhodium

Rhodium is a chemical element that is a rare, silvery-white, hard and chemically inert transition metal and a member of the platinum group. It has the chemical symbol Rh and atomic number 45. It is composed of only one isotope, 103Rh. Naturally occurring rhodium is found as the free metal, alloyed...

 (Rh), Ruthenium

Ruthenium

Ruthenium is a chemical element with symbol Ru and atomic number 44. It is a rare transition metal belonging to the platinum group of the periodic table. Like the other metals of the platinum group, ruthenium is inert to most chemicals. The Russian scientist Karl Ernst Claus discovered the element...

 (Ru), Samarium

Samarium

Samarium is a chemical element with the symbol Sm, atomic number 62 and atomic weight 150.36. It is a moderately hard silvery metal which readily oxidizes in air. Being a typical member of the lanthanide series, samarium usually assumes the oxidation state +3...

 (Sm), Selenium

Selenium

Selenium is a chemical element with atomic number 34, chemical symbol Se, and an atomic mass of 78.96. It is a nonmetal, whose properties are intermediate between those of adjacent chalcogen elements sulfur and tellurium...

 (Se), Silicon

Silicon

Silicon is a chemical element with the symbol Si and atomic number 14. A tetravalent metalloid, it is less reactive than its chemical analog carbon, the nonmetal directly above it in the periodic table, but more reactive than germanium, the metalloid directly below it in the table...

 (Si), Tantalum

Tantalum

Tantalum is a chemical element with the symbol Ta and atomic number 73. Previously known as tantalium, the name comes from Tantalus, a character in Greek mythology. Tantalum is a rare, hard, blue-gray, lustrous transition metal that is highly corrosion resistant. It is part of the refractory...

 (Ta), Tellurium (Te), Titanium

Titanium

Titanium is a chemical element with the symbol Ti and atomic number 22. It has a low density and is a strong, lustrous, corrosion-resistant transition metal with a silver color....

 (Ti), Tungsten

Tungsten

Tungsten , also known as wolfram , is a chemical element with the chemical symbol W and atomic number 74.A hard, rare metal under standard conditions when uncombined, tungsten is found naturally on Earth only in chemical compounds. It was identified as a new element in 1781, and first isolated as...

 (W), Vanadium

Vanadium

Vanadium is a chemical element with the symbol V and atomic number 23. It is a hard, silvery gray, ductile and malleable transition metal. The formation of an oxide layer stabilizes the metal against oxidation. The element is found only in chemically combined form in nature...

 (V), Zirconium

Zirconium

Zirconium is a chemical element with the symbol Zr and atomic number 40. The name of zirconium is taken from the mineral zircon. Its atomic mass is 91.224. It is a lustrous, grey-white, strong transition metal that resembles titanium...

 (Zr)

See also

• Sprott Molybdenum Participation Corporation
  Sprott Molybdenum Participation Corporation
  Sprott Molybdenum Participation Corporation was a dedicaded commodity hedge fund created in April 2007 by prominent Canadian investor Eric Sprott to invest in molybdenum assets. The primary investment objective of the Corporation was to achieve capital appreciation by investing in securities of...
  
  
• Uranium Participation Corporation
  Uranium Participation Corporation
  Uranium Participation Corporation is a Toronto-based holding company investing nearly all of its assets in uranium, both in the form of uranium oxide or uranium hexafluoride , with the primary investment objective of achieving capital appreciation in the value of its uranium holdings. The common...