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By Karl-Michael Zett, Marcus Kirschen, Ashraf Hanna

"Bottom purging systems are well established practice in refining metallurgy and an increasingly important technology for the EAF process in steel industry. Direct bottom purging provides efficient mixing of the entire melt volume, increases turbulence intensity in the melt, and improves mass exchange of alloy additions or oxygen. Continuously rising columns of dispersed gas bubbles helps to increase removal of volatile components carbon monoxide and hydrogen avoiding boiling retardation. Direct purging (DPP) systems provide cost benefits especially for EAF processes where metallurgical constraints have to be considered, e.g. for alloyed and stainless steel production, foundries. Case studies are presented.IntroductionCurrent EAF Technology and Production Constraints in Steel IndustryApproxinlately 30 % of steel, 446 Mio. tonnes in 2011, was melted in the electric arc furnace (EAF) with increasing tendency due to its large flexibility in production volume and raw materials. With recent increase of prices for ferrous raw materials the requirements for production of high quality steels from low quality scrap, direct reduced iron (DRI) and blends of ferrous raw material in various qualities increased. Maximum yield of ferrous raw material, oxygen, carbon, and alloys and minimum energy costs are of high importance. At modem high productivity levels even small process improvements provide considerable cost savings. Such improvements are caused, e.g., by efficiency increase of mass and energy transfer in the EAF. Optimization of flow pattern in the steel bath is therefore important for efficient melting of scrap and DRI and high homogeneity of the melt [1-4]."

Jan 1, 2013

By Steve Johnston, Mowafak Al-Jassim, Fei Yan, Omar Sidelkheir, Alain Blosse, Katherine Zaunbrecher

"Imaging techniques are applied to multi-crystalline silicon wafers and solar cells throughout the production process. Photoluminescence imaging, both band-to-band and defect-band, is used to characterize defects and wafer quality at all process steps. These steps include bricks sawn from ingots, wafer sawing, cleaning and texturing, emitter diffusion, edge isolation and glass removal, anti-reflective coating/passivation, and metallization of finished cells. Bricks, wafers, and cells can be imaged at a rate commensurate with in-line measurement, giving spatial information to characterize quality and defect content. Photoluminescence images on silicon bricks can be correlated to lifetime measured by photoconductive decay and could be used for high-resolution characterization of material before wafers are cut. The defect areas in as-cut wafers are compared to imaging results from electroluminescence and lock-in thermography, and cell parameters of near-neighbor finished cells, showing correlations to efficiency, open-circuit voltage, and short-circuit current.IntroductionImaging techniques can rapidly characterize material quality and defect density. Photoluminescence (PL) imaging can be applied to silicon from the brick level to all wafer process steps [1-8]. At the brick level, material thickness allows for measurement and correlation to lifetime where surface recombination effects are minimized [6, 7]. At the as-cut wafer level where thin unpassivated wafers prevent accurate lifetime assessment due to surfaces, defects can still be categorized and quantified to predict finished cell performance [3-5]. Defect regions can be identified by recombination-limited band-to-band PL or by defect-band emission [9-12]."

Jan 1, 2012

By M. A. Aziz

The electrochemical performance of a series of carbon materials produced from coconut shells, which are very cheap and readily available in Bangladesh was investigated for their viability as anode materials in rechargeable lithium-ion batteries. X-ray diffraction technique was used to measure the interlayer spacing (d002) of the produced carbon materials. A number of half-cells were prepared with the produced carbon materials from coconut shell as working electrode and metallic lithium as counter electrode with 1MLiPF6 electrolyte in a mixture of ethylene carbonate and dimethyl carbonate. The discharge-charge profiles were measured for the different half-cells by using Arbin 24-channel Cyler. The value of interlayer spacing of the coconut-based carbon material was found to be 0.397 nm at 900°C, which is most suitable for lithium-ion insertion into the carbon structure without any expansion. The specific discharge capacity of carbon material from coconut shell heat treated to 900°C was found to be 1015.65 mAh/g. The coconut carbon material heat treated to 900°C delivered 335.22 mAh/g reversible capacity, which is comparable to the commercial carbon/graphite presently used in lithium-ion battery systems. The irreversible capacity loss and coulombic efficiency in 25th cycle of half-cell made with coconut carbon material were found to be 0.16% and 99.83% respectively. The carbon material produced from coconut shell can, therefore, be used as a potential anode for rechargeable lithium-ion batteries.

Jan 1, 2006

By A. Siegmund, R. D. Prengaman

Lead anodes used in zinc electrowinning generally contain 0.5 - 1.0 % silver to reduce the rate of corrosion over the service life. For good quality zinc, the cathodes must contain less than 10 ppm lead. In order to reduce the lead contamination of the cathode, the lead anode must become coated with a protective layer of Pb02/Mn02. The formation of this layer may take as long as 30 - 60 days, during which time zinc production is substantially reduced and the cathodes are contaminated with lead. To improve the mechanical properties of Pb-Ag-anodes alloying elements such as calcium, strontium, barium and others are added. The production of cast lead-silver or lead-silver-calcium anodes often results in the formation of numerous holes, voids or laps in the anode surface that can initiate localized internal corrosion. Based on the experience as the major supplier of rolled anodes for copper electrowinning, RSR Technologies has developed an improved anode for zinc electrowinning. The anode consists of a rolled Pb- Ag-Ca-alloy with a controlled surface grain structure. It forms an adherent protective oxide coating within 2 - 3 days when placed in an electrowinning cell. The preferred calcium and silver contents of the alloy are 0.03 - 0.08 % and 0.3 - 0.4%, respectively. Rolling sheets significantly reduces the presence of internal porosity or laps. The lack of defects results in long anode life. The rolling also produces a uniform grain structure to which the corrosion product readily adheres, thus significantly reducing the conditioning period.

Jan 1, 2000

By Shun Fujieda, Shigeru Suzuki, Kozo Shinoda, Tetsuo Fujita

"Dowa's scorodite, synthesized by oxidation of Fe(II) ions in the presence of As(V) ions at atmospheric pressure, was characterized. The scorodite was well crystallized and had a very low solubility. To examine the conditions for stable storage of the scorodite for long periods, experiments with various synthesis and leaching conditions were done. The scorodite had a very low arsenic solubility in sea water. It was estimated in consecutive leaching tests that the arsenic concentration would eventually converge to zero. The prevention of arsenic leaching by adding goethite or ferrihydrite was limited in some cases. Very low toxicity was confirmed by toxicity tests. The investigation results suggest that disposal at a specifically designed well-controlled storage place is preferable for the scorodite whose toxicity had been made sufficiently low. Disposal to an isolated final disposal site with more stringent prevention for the outflow of toxic substances was thought another option.IntroductionArsenic is a considerable environmental concern. A system of technologies for the effective immobilization, storage and final disposal has been sought. Dowa Metals & Mining Co. Ltd. has developed a unique scorodite synthesis method (DMSP®) which works at ambient pressure [1]. The scorodite is precipitated by oxidizing Fe(II) ions in a high-concentration As(V) solution. The scorodite produced in this way does not readily release arsenic because of its high crystallinity. Final disposal is necessary because scorodite currently has no commercial value. A standard method for the final disposal of scorodite has not been established because its long-term stability under various conditions has not been fully examined."

Jan 1, 2012

By V. Bojarevics, K. Pericleous

"A number of different methods have been developed for noncontact electromagnetic treatment of liquid metal and to investigate the melting/solidification processes. Applying AC magnetic field in terrestrial conditions, along with the buoyancy and thermo-capillary forces, results in turbulent flow. The use of a homogenous DC magnetic field allows damping both of the turbulence and the large scale flow at different rates leading to surprising results at some stages. The dynamic interaction of the turbulent flow with the oscillating interface needs to be accounted if it is required to levitate liquid metal of up to few kilograms without the contact to container walls. At the high values of magnetic field some oscillation modes are damped quickly, while others are modified with a considerable shift of the oscillating droplet frequencies and the damping constants from the non-magnetic case. Numerical models are used to investigate behavior of liquid metal suspended in high DC magnetic fields providing microgravity-like conditions with laminar viscosity and heat transfer to the surroundings.IntroductionSince the early Electro Magnetic (EM) levitation experiments [1] in AC magnetic field it became apparent that the levitated liquid metal is prone to oscillation and instability. The EM and electrostatic levitation experiments with liquid metal droplets show difficulties related to confinement stability and a need for complex correction functions to establish a correlation between the measurements and the droplet material properties [2,3]. Intense internal fluid flow is visually observed, apparently being in the turbulent regime for earthbound conditions."

Jan 1, 2012

By Mokka Rao, Arturo Valles, Jose Rodríguez

"This paper shows a mathematical model based on finite elements, applied to bottom poured shell ingots of C.V.G. Sidor Plant. The model was used as a strategy to determine the thermal effects that are produced when solidification conditions are modified without interfering with the production process. The modification consisted of placing a thermal insulator on top of mould.The results obtained by the model indicated that the solidification time increases with insulator on base of the mould. With these results a significant number of casts were run with and without insulator. Latter by means of a metallurgical analysis it was determinated that the ingots cast with insulator reduce the level of non-metallic inclusions and the presence of internal blistering in seamless pipes.IntroductionThe process of fabrication of seamless pipes in SIDOR involves various steps of processing, such as heating the ingots, fabrication of the prelaminated, fabrication of the bored pipe, lamination of the pipe by passing through the pellegrine mill, heating the pipe in a walking bean furnace and final calibration through a calibrator mill. The material utilized for producing these pipes is provided entirely from a electrical arc furnace and casted ingots, especifically, from the superintendence of bottom pouring.The process of bottom pouring consists of positioning twelve moulds of diameters 415, 480 or 505 mm over a plate of grey cast iron in which exists a system of communicating vessels. The ingots are distributed around a central duct from which the steel flows down and filling gradually, each one of the moulds (Fig. 1)."

Jan 1, 1997

By Daojin Cao

Aiming at many controversial reports on Raman spectral pattern of heptamolybdate ion in aqueous solution appearing in the literature and the absence of its standard pattern, the comparative investigations on Raman spectral pattern of saturated solution of ammonium heptamolybdate tetra hydrate were done. The results showed that the main vibrant frequencies of Raman spectral pattern of the saturated solution were in good agreement with those introduced in the literature, and that the intensity ratio (4.4) of the strongest peak to the second strongest peak recorded in Raman spectrum of the saturated solution had three obvious characteristics: it was greater than each of the results (ranging from 3.7 to 1.3) reported in the literature, much closer to that (4.7) of crystal and well conformed to the change rule of Raman spectra occurring in the process of the first-step polymerization of acidified molybdate solution. It was found that Raman spectrum of heptamolybdate ion in aqueous solution was determined by not only the main vibrant frequencies but also the intensity ratio, which is also the crucial result in this study. The comparative investigations indicate that the pattern of Raman spectrum of the saturated solution is the standard pattern of Raman spectrum of heptamolybdate ion in aqueous solution essentially. The affirmed standard pattern is reliable and can be used to the identification of heptamolybdate ion in aqueous solution, applied in the research of the equilibrium of acidified molybdate solution and the exploration of the best technologic condition for the production of high quality heptamolybdates.

Jan 1, 2006

"Silver is traditionally recovered in base metal smelters (lead and copper), or as a by-product of other precious metals (gold and/or PGM's). This paper presents the results of non-conventional techniques to recover silver from complex materials. The PLATSOL® process has been developed to recover, in one step and without the use of cyanide, base metals (copper, cobalt, nickel) and precious metals (gold, PGM's) from sulphide concentrates too low in grade to enter the mainstream extraction processes. Silver is only partially recovered in solution with gold and the PGM's during the PLATSOL® process. However, the silver minerals are transformed into silver chloride, which can then be recovered from the PLATSOL® residue using conventional techniques. Some South American silver concentrates contain levels of impurity (mostly arsenic) so elevated that the penalties incurred significantly affect the process economics. The present results have shown that a low temperature calcination process transforms the concentrate into a product well suited for traditional recovery treatments. Metallurgical details will be provided, as well as the results of mineralogical studies that helped clarify the process mechanisms.IntroductionSilver occurrences in nature are very diversified, and, therefore, primary silver is produced as a by-product of many base metal and precious metal operations [1], as well as a co-product of most gold ores. However, difficulties can arise when high temperature processes are used for refractory gold ores or copper concentrates, or when the silver concentrate contains impurity elements such as arsenic that trigger high penalties."

Jan 1, 2012

By Truan-Sheng Lui, Li-Hui Chen, Hao-Wen Hsueh, Fei-Yi Hung

"Since Ag wires have similar hardness and bonding properties to Au wires, they can be applied in some pads. In the present study, the annealing effect (at 225°C~275°C for 30min) on the tensile mechanical properties of silver wires with f=23µm was investigated. In addition, the micro-structural characteristics and the mechanical properties before and after an electric flame-off (EFO) process were also studied. Experimental results indicate that with annealing temperatures of more than 250°C, the silver wires possessed a fully annealed structure, the tensile strength and the hardness decreased, and the elongation was raised significantly. Under the thermal effect of EFO, the necks of the Ag balls underwent recrystallization and grain growth was induced, and the annealed Ag wires had a shorter zone of HAZ (220µm). The bonding strength and the neck-strength of the Ag wires were more than 7gf and possessed excellent bonding properties.IntroductionThermosonic ball bonding is one of the preferred processes for electronic packaging to connect a semiconductor chip and a lead frame by a thin metal wire. At present, gold wire and copper wire are the preferred interconnect materials to bond with the aluminum metallized wafer pads [1, 2]. Since gold is expensive and the reliability of copper is poorer [3], the study of silver wire has attracted a lot of attention already. In addition, the inherent properties of high ductility and low hardness of silver as well as its workability effectiveness compared to gold, have made it a preferred alternative .[4, 5]"

Jan 1, 2012

By Toshihide Ito, Jie Liu, Takashi Nishiyama

"Human society evolved from an agricultural to industrial and, subsequently, to a service society. As the resource requirements for each stage of this development differ, trends of metal and energy consumption are related to shifts in society. The increase pattern of supplemental energy is similar to that of mineral production throughout the world. Low positive and stable long-term increasing occurred before 1950, whereas they increased quickly after 1950, especially between 1950 and 1973. A substantial decline in· the growth of energy and mineral production began in 1973 and lasted until the early 1980s. Production of energy resources has recently begun to increase again at a high growth rate in the world. Observing the consumption trends of energy and key metals, it is clarified that increasing patterns can be thought in three stages.IntroductionHuman society evolved from an agricultural to industrial and, subsequently, to a service society. As the resource requirements for each stage of this development differ, trends of metal and energy consumption are related to shifts in society [1-3]. Humphreys [4] described that both the non-ferrous metal consumption and the construction material consumption showed a similar trend dropping markedly in the UK over the period 1960-1992. On the other hand, per GDP (Gross Domestic Product) consumption, that is, the intensity of use of construction materials has declined sharply over the past 30 years, more so than the intensity of metal use in the USA [5]. Nishiyama [6] observed that increase pattern of supplemental energy is similar to that of mineral production throughout the world."

Jan 1, 2000

By Pradeep kumar Jha, Manas Mohan Mahapatra, Sabin Kumar Mishra, Satish Kumar Ajmani, Satish C. Sharma

"Due to mechanical/ electrical failure in the C.C. line or inadequate availability of molten steel from coming ladle, sometimes one/two outlets of a multi-strand tundish in continuous casting unit is closed. Closing any of the outlets affects the flow distribution inside the tundish which in turn governs the quality of steel coming out. Hence it is important to study which of the outlets should be closed to have proper results in terms of flow behavior and inclusion removal inside the tundish. Present study aims at finding the effect of closing one or two outlets on flow behavior and inclusion removal in a multi strand tundish. It was found that closing the near outlet (outlet near to the inlet) increases the inclusion removal tendency than closing the other two outlets in a six-strand billet caster tundish (only three outlets are considered because of symmetry).IntroductionContinuous casting process transforms molten metal into solid on a continuous basis. This process is the most efficient way to solidify large volumes of metal into simple shapes for subsequent processing [1]. Molten metal is tapped into the ladle from furnaces. From the ladle, the hot metal is transferred via a refractory shroud (pipe) to a holding bath called a tundish. The tundish allows a reservoir of metal to feed the casting machine while ladles are switched, thus acting as a buffer of hot metal as well as smoothing out flow, regulating metal feed to the moulds and cleaning the metal [2]."

Jan 1, 2012

By Minge Zhao, Yuandong Pei, Zhixing Zhao, Zejun Ma, Lili Ban

"Confocal scanning laser microscope (CSLM) has been applied to carry out the in-situ observation of melting and solidifying characteristics during iron ore sintering process, accompanied with TG-DSC test. It can be found that apparent Liquid phase forming temperature(LFT) and ending solidifying temperature(EST) is about 1190? and 1160?, respectively. Forming liquid phase during sintering process goes through four courses, these are shrinking, expanding, shrinking and expanding coexisting and expanding totally. For Yandi fine, the corresponding temperature of these four courses is about 1120-1160?, 1190-1196?, 1218-1220? and 1233-1270?, respectively. Although CAJ fine has more difficulty in forming initial liquid phase, but when liquid phase expands, it may have better fluidity and easier for liquid phase formation. Adding enough CaO, CAJ fine takes on high fluidity like Yandi fine, because liquid phase during sintering process is formed mainly by reaction between CaO and Fe2O3.IntroductionConfocal scanning laser microscope (CSLM for short) has been applied to carry out the in-situ observation of metallurgical phenomena, especially in steelmaking process. Recently, many researches on ironmaking process were conducted with CLSM. While for high temperature properties during sintering process, there are limited reports on in situ observation1-2). In this paper, melting and solidifying characteristics of iron ore were observed with CLSM under simulated sintering temperature, and high temperature properties of iron ore during sintering process was clarified based on the in situ observation results and TG-DSC research."

Jan 1, 2012

By K. Asokan, K. Subramanian

"Electrowinning of copper by monopolar cells require common anode and cathode busbar and crossbars to connect each electrode to the respective common busbar. On the other hand, the bipolar configuration warrants the end electrodes only to be connected to busbars; there is substantial reduction in copper requirement. In the present work, an electrowinning cell with bipolar electrodes and end electrodes, each having an area of 1000 cm2 was designed and operated. The bipolar electrode is made of mixed metal oxide coated titanium mesh welded to plain titanium sheet. Coated titanium mesh acts as anode and the plain titanium sheet acts as cathode. Environmentally unacceptable lead anode and the recurring loss of lead are done away with. Closer spacing of the electrodes, paves way for the application of higher current density leading to mass transfer enhancement. Performance of bipolar copper electrowinning cell is reported.1. IntroductionThe normally adopted practice in electrowinning of copper is the conventional monopolar configuration. In this practice, the individual electrodes act either as anode or cathode. Hence there is a need to connect every one of the electrodes to the common anode or cathode busbar and crossbars running across the top of the cell are necessary. The common busbar carries very high current which is divided among the individual crossbars and hence has to be thicker in relation to the current load of the cell. The drawback of the need to use common busbars of thicker cross section and the need to have crossbars are obviated in the bipolar configuration."

Jan 1, 2009

By S. S. Babu, T. Hong, T. DebRoy, S. A. David

"Oxide inclusions form in welds because of deoxidation reactions in the weld pool. These inclusions control the weld microstructure development. Thermodynamic and kinetic calculation of oxidation reaction can describe inclusion characteristics such as number density, size, and composition. Experimental work has shown that fluid-flow velocity gradients in the weld pool can accelerate inclusion growth by collision and coalescence. Moreover, fluid flow in welds can transport inclusions to different temperature regions that may lead to repeated dissolution and growth of inclusions. These phenomena are being studied with the help of computational coupled heat transfer, fluid-flow, thermodynamic, and kinetic models. The results show that the inclusion formation in steel welds can be described as a function of the welding processes, process parameters, and steel composition.IntroductionThe relationship between inclusions and formation of a high-toughness phase, namely acicular ferrite in low-alloy steel welds, is well known (1-4). Past research has focused on maximizing acicular ferrite amount in welds by controlling welding processes, process variables, and welding consumable parameters. Research has shown that there is a complex interaction between inclusion characteristics, prior austenite grain size, and weld metal hardenability. In a low-alloy steel weld, the small addition of titanium lead to a change in the inclusion composition and resulted in a transition in the microstructure from bainitic to acicular ferrite [see Fig. I]. This in turn lead to the best combination of strength and toughness. This paper describes the inclusion formation in low-alloy steel welds."

Jan 1, 1999

By Ian F. Hughes

"Concepts of an integrated steel plant for sheet products to be built and operating in the year 2000 will be described. The design and operating methodology of this market driven facility will integrate process uniqueness, standardization, manufacturing automation, artificial intelligence and information flow.An integrated steel plant for the year 2000 is defined for this article as one that will be built on a greenfield site and ""started up"" in the year 2000 with a capacity of three million tons per year of flat rolled products ranging from cold rolled and electrical steels to high strength formable steels and a full range of coated products.It may seem that the 21st century and the steel plant we're discussing are far into the future. The startling truth, however, is quite the opposite. As shown in Figure 1, even with accelerated development, a new process on which laboratory development work is begun today might just barely pass through the laboratory phase, pilot plant, and commercial feasibility stages such that it can be considered viable for construction and start up in the year 2000.On that basis, it is very unlikely that this 21st century steel plant will utilize any technology that isn't at least under investigation in the laboratory in 1988. As a result, we recognize that planning and selecting the facilities for this plant is, in fact, a pragmatic rather than futuristic process, and that its main value is in providing a bridge to longer-term predictions."

Jan 1, 1988

By E. R. Vance, D. R. M. Brew

"Historically, Ordinary Portland cement has been the preferred medium to immobilise arsenic. However, arsenic in cement gives rise to calcium-arsenic phases and their known decomposition to calcium carbonate and arsenic trioxide via atmospheric carbonation raises serious questions about the long-term suitability of cement for arsenic immobilisation. Alternative matrices such as low-temperature ceramics (LTCs) potentially offer superior resistance towards carbonation owing to the absence of calcium. Consequently, the potential for arsenic immobilisation using LTCs has been investigated. Both AsIII and AsV have been incorporated and samples assessed according to a standard leaching protocol. AsIII persists in the porewater of alkali-bonded LTCs as sodium arsenite rendering them unsuitable for immobilisation. Thermal treatment of these LTCs to consolidate the microstructure and reduce open porosity resulted in sodium-rich cryptocrystalline matrices that leached arsenic and sodium readily. The omission of sodium in acid-bonded LTC formulations resulted in leach data that were close to the target value of 5 µg/ml in Toxicity Characterisation Leaching Protocol tests.IntroductionArsenic is a carcinogenic substance and its adverse effects of on humans, flora and fauna have been well documented [1-5]. As a consequence, many papers have been written on the prospective handling of arsenic-bearing waste. These can largely be divided into: (a) cleanup of arsenic-contaminated water using bacteria, precipitation, and/or UV irradiation to generate arsenic-rich sludges for subsequent immobilisation; (b) cleanup of arsenic-contaminated soil via chemical extraction for immobilisation of the As concentrate; and (c) immobilisation of industrial waste contaminated with As."

Jan 1, 2008

By Tapani Järvinen

Non-ferrous metals and metals in general are considered as being non-renewable natural resources. Metals are needed because of their excellent and irreplaceable properties. The consumption of metals, with the exception of carbon steel, is steadily growing by 1-3 % annually, and that of stainless steel as much as 3-6 %. This is a general trend, which is periodically disturbed by cyclical variations. In recent years so-called "New Economy" has become prominent in the public media and the market value of the traditional industry has been well below its real value and importance. Nevertheless, the modem society requires metals today and also in the future, and the companies using the most modem technology in a responsible way and innovative solutions not only in technology, but also in everything they do will survive. This paper describes the role of Europe as a producer of primary base metals and as a supplier of technologies in the base metals industry. It concentrates on the development and commercialization of technologies and project implementation in the metallurgical industry. As one example of a European approach to these matters the paper presents Outokumpu' s response to the future challenges in the base metals industry. Outokumpu Oyj is one of the leading metals and technology companies in the world of stainless steel, copper, zinc, and sales of technology in metals and minerals businesses. Outokumpu applies its knowledge of metals and processing to generate value for its customers and shareholder. Everything we do, we do in an economically, environmentally and socially responsible way.

Jan 1, 2003

By Tapani Järvinen

Non-ferrous metals and metals in general are considered as being non-renewable natural resources. Metals are needed because of their excellent and irreplaceable properties. The consumption of metals, with the exception of carbon steel, is steadily growing by 1-3 % annually, and that of stainless steel as much as 3-6 %. This is a general trend, which is periodically disturbed by cyclical variations. In recent years so-called "New Economy" has become prominent in the public media and the market value of the traditional industry has been well below its real value and importance. Nevertheless, the modem society requires metals today and also in the future, and the companies using the most modern technology in a responsible way and innovative solutions not only in technology, but also in everything they do will survive. This paper describes the role of Europe as a producer of primary base metals and as a supplier of technologies in the base metals industry. It concentrates on the development and commercialization of technologies and project implementation in the metallurgical industry. As one example ofa European approach to these matters the paper presents Outokumpu's response to the future challenges in the base metals industry. Outokumpu Oyj is one of the leading metals and technology companies in the world of stainless steel, copper, zinc, and sales of technology in metals and minerals businesses. Outokumpu applies its knowledge of metals and processing to generate value for its customers and shareholder. Everything we do, we do in an economically, environmentally and socially responsible way.

Jan 1, 2003

By Boris Arlyuk

The system of short term forecast of metal prices at LME is based on correlation between prices within the quarter forward and at the first place by economic parameters at the West, determining the consumption of metals. Such economic parameters are presented by data of indexes of Western World industrial production (WW IP), official data of IP and Dow Jones indexes at USA. For price forecast within the quarter forward (one day ahead, 3 day -65 days MA forward prices) are significant the changes of actual prices (official and close) at the past and the parameters of daily trade at LME at the past (futures turnover, open interest, LME stocks). It is developed subsystem of price forecast within the quarter forward based on analytical approach determining the relations between the participants of the market. It gives the opportunity to reduce the number of empirical coefficients at the model and receive good accuracy of forecast the MA prices and its direction at the future. Very important part of short term forecast is subsystem determining analytically the probability that the price forecasted for the next trading day will be the maximum or minimum daily price within the quarter forward. The thresholds probabilities are defined by identification the model at the past by maximal commercial efficiency. Such system was tested at the past at period since 2000 till 2005 and gives very high commercial results at operations on 1M forwards and hedging the sales of nonferrous metals traded at LME (primary aluminium, light alloys, nickel, copper, zinc, lead and tin).

Jan 1, 2006