The book

Thirty-two metals, specified.

Traditional, energy, semiconductor and critical minerals, to be traded in physical form. Select a category, then a metal, for specification, public reference, source regions and why it matters.

This is the book we intend to run. ALVIE is not licensed to execute trades. Nothing here is a quotation or an offer to trade. There is no ALVIE annual volume to publish. Tonnage will be printed from the first audited year.

Public snapshots from Kitco / gold-api / Westmetall / delayed COMEX where present. Not ALVIE quotations. Assessments marked assessment. Dead series tagged.

Commodity photograph · not ALVIE inventory

The tape

Public snapshots. Thirty-two lines.

Kitco, gold-api, Westmetall and delayed COMEX where present. Assessments marked. Dead series tagged. Not ALVIE quotations. No ALVIE volume.

How to read a line

Traded form	The physical form we intend to contract
Purity	Contractual grade we intend to specify
Reference	Last public from the desk board (tape.json). Not our bid or offer
Terms	Incoterms / loco we intend to use
Volume	Not published. Published from the first audited year.
Source regions	Geology and customary origin, not ALVIE offtake
Why it matters	Industrial reason for the line, not a claim we already move it

Traditional

Traditional — 9

Precious, base and bulk. The tonnage that funds everything else, and the market this house is built on.

Traditional

Gold · Au

The reserve asset of the book we intend to run. Refined bullion and dore, between accredited refiners, vaults and central-bank counterparties.

Traded form: LBMA good delivery bars, 400 oz
Purity: 99.99% (4N)
Terms: Loco London
Reference: see desk board
Why it matters: Central banks have been a structural buyer for years. That is a different bid than investment flow alone.
End uses: Central bank reserves · Investment bullion · Electronics plating · Jewellery
Source regions: Australia · Ghana · Peru · Uzbekistan — geology and customary origin, not ALVIE offtake

Enquire on gold →

Traditional

Silver · Ag

Half precious metal, half industrial input. Among the more volatile lines on the intended book.

Traded form: 1,000 oz commercial bars
Purity: 99.9% (3N)
Terms: Loco London
Reference: see desk board
Why it matters: Photovoltaic demand sits on the same metal that still trades as a monetary residual. Tightness shows up fast.
End uses: Photovoltaics · Electronics · Investment · Photography residuals
Source regions: Mexico · Peru · China · Australia — geology and customary origin, not ALVIE offtake

Enquire on silver →

Traditional

Copper · Cu

The electrification trade. Every grid upgrade, data centre and EV platform is a copper order.

Traded form: Grade A cathode
Purity: 99.99% LME registered
Terms: CIF Shanghai
Reference: see desk board
Why it matters: The metal is the wire. There is no energy transition, and no AI build-out, without tonnes of it in the ground and in the cable.
End uses: Power cable · Motors · Data-centre busbar · Construction
Source regions: Chile · Peru · DRC · Australia — geology and customary origin, not ALVIE offtake

Enquire on copper →

Traditional

Iron Ore · Fe

The largest intended tonnage by an order of magnitude, contracted against index-linked pricing — when there is a book.

Traded form: 62% Fe fines and lump
Purity: 62% Fe, <0.075% P
Terms: CFR Qingdao
Reference: see desk board
Why it matters: Steel is still how cities get built. Fines and lump are the first physical fact in that chain.
End uses: Blast furnace feed · DRI where grade allows · Port blending
Source regions: Australia · Brazil · South Africa — geology and customary origin, not ALVIE offtake

Enquire on iron ore →

Traditional

Aluminium · Al

Energy in solid form, at roughly 14 MWh a tonne. Priced against power curves as much as metal curves.

Traded form: P1020A ingot, T-bar, sow
Purity: 99.7% Al
Terms: CIF Rotterdam
Reference: see desk board
Why it matters: The smelter is a power station with a metal by-product. Carbon intensity is becoming a contract term.
End uses: Transport · Packaging · Conductor · Construction
Source regions: Australia (bauxite) · China · Middle East smelting · Canada — geology and customary origin, not ALVIE offtake

Enquire on aluminium →

Traditional

Zinc · Zn

A corrosion trade. Most of the world’s zinc still galvanises steel that has to survive outdoors.

Traded form: SHG ingot, jumbo block
Purity: 99.995% (SHG)
Terms: CIF Antwerp
Reference: see desk board
Why it matters: Infrastructure life is a zinc specification. When galvanising stalls, the metal has nowhere to go.
End uses: Galvanising · Die-cast alloys · Brass · Chemicals
Source regions: Australia · Peru · China · India — geology and customary origin, not ALVIE offtake

Enquire on zinc →

Traditional

Sulphur · S

Fertiliser feedstock and acid. Not glamorous. The plant does not run without it.

Traded form: Bright yellow granular, formed
Purity: 99.8% S, dry basis
Terms: FOB Ruwais
Reference: see desk board
Why it matters: Phosphate chemistry and sulphuric acid sit underneath food and metal leaching both.
End uses: Sulphuric acid · Phosphate fertiliser · Leaching
Source regions: Middle East recovered sulphur · Former Soviet Union · North America — geology and customary origin, not ALVIE offtake

Enquire on sulphur →

Traditional

Carbon · C

Calcined petroleum coke and needle coke. The anode and the electrode.

Traded form: Calcined petroleum coke, needle coke
Purity: 94–99.95% C
Terms: FOB
Reference: see desk board
Why it matters: Aluminium smelters and EAF steel both eat carbon. Needle coke is a bottleneck of its own.
End uses: Pre-bake anodes · Graphite electrodes · Recarburiser
Source regions: United States · China · Middle East — geology and customary origin, not ALVIE offtake

Enquire on carbon →

Traditional

Coal · Co

Thermal and metallurgical. On the intended book with a hard rule: no new thermal agreements. Metallurgical coal is a steel input, not a slogan.

Traded form: 6,000 kcal/kg NAR thermal, HCC
Purity: <0.6% S, 12% ash (spec as contracted)
Terms: FOB Newcastle
Reference: see desk board
Why it matters: HCC still makes blast-furnace pig. Thermal is being designed out of this house on purpose.
End uses: Coking · PCI · (thermal: no new ALVIE agreements)
Source regions: Australia · Indonesia · United States — geology and customary origin, not ALVIE offtake

Enquire on coal →

Energy

Energy — 6

The inputs to batteries, magnets and the power system the transition actually runs on.

Energy

Lithium · Li

Battery-grade carbonate and hydroxide. Chemistry first, then the tonne.

Traded form: Battery-grade carbonate and hydroxide
Purity: 99.5% Li2CO3 (and equivalent hydroxide)
Terms: CIF China
Reference: see desk board
Why it matters: Cathode recipes move faster than mines. Grade and impurity, not just LCE, decide whether a cargo is usable.
End uses: Battery cathode · Glass/ceramics · Grease
Source regions: Australia (spodumene) · Chile · Argentina · China — geology and customary origin, not ALVIE offtake

Enquire on lithium →

Energy

Cobalt · Co

Cut cathode, briquette, sulphate. A battery metal with a concentration-of-supply problem.

Traded form: Cut cathode, briquette, sulphate
Purity: 99.8% Co
Terms: CIF Rotterdam
Reference: see desk board
Why it matters: Chemistry is trying to design it out. Until it does, the chain still runs through a small set of jurisdictions.
End uses: Cathodes · Superalloys · Chemicals
Source regions: DRC · Australia · Canada — geology and customary origin, not ALVIE offtake

Enquire on cobalt →

Energy

Nickel · Ni

Class 1 briquette, MHP, matte. Stainless still takes most of it; batteries take the argument.

Traded form: Class 1 briquette, MHP, matte
Purity: 99.8% Ni (Class 1)
Terms: CIF Rotterdam
Reference: see desk board
Why it matters: Class 1 versus intermediates is the whole trade. Payability and the HPAL/MHP route matter more than the headline stock.
End uses: Stainless · Battery precursor · Alloys
Source regions: Indonesia · Philippines · Canada · Australia — geology and customary origin, not ALVIE offtake

Enquire on nickel →

Energy

Graphite · C

Flake concentrate and spherical coated. Anode, not a pencil.

Traded form: Flake concentrate, spherical coated
Purity: 94–99.95% C
Terms: FOB Nacala
Reference: see desk board
Why it matters: Coated spherical graphite is a processing business sitting on a mining one. Qualification cycles are long.
End uses: Li-ion anode · Refractories · Recarburiser
Source regions: China · Mozambique · Madagascar · Brazil — geology and customary origin, not ALVIE offtake

Enquire on graphite →

Energy

Manganese · Mn

High-purity sulphate and electrolytic metal. Steel and the sulphate battery chain.

Traded form: High-purity sulphate, electrolytic metal
Purity: 99.9% (HPMSM)
Terms: FOB
Reference: see desk board
Why it matters: HPMSM is not ore. The purification step is the product.
End uses: HPMSM for cathodes · Silicomanganese · Electrolytic metal
Source regions: South Africa · Gabon · Australia — geology and customary origin, not ALVIE offtake

Enquire on manganese →

REE

Energy

Rare Earths · REE

NdPr oxide, separated Dy and Tb. Magnets, not a basket ticker.

Traded form: NdPr oxide, separated Dy and Tb
Purity: 99.5% NdPr oxide
Terms: FOB
Reference: see desk board
Why it matters: Separation is the chokepoint. Oxide that is not separated is not a magnet.
End uses: Permanent magnets · Catalysts · Polishing
Source regions: China · Australia · United States · Myanmar (with screening) — geology and customary origin, not ALVIE offtake

Enquire on rare earths →

AI / Semiconductor

AI / Semiconductor — 12

Smaller tonnages, tighter chains, the metals inside compute, power electronics and high-purity process kit.

AI / Semiconductor

Tungsten · W

APT, powder, carbide. Density, heat, and cutting tools — including the ones that cut wafers.

Traded form: APT, tungsten powder, carbide
Purity: 99.95% W
Terms: FOB
Reference: see desk board
Why it matters: Export controls and mine concentration make this a political metal that still has to be specified like any other.
End uses: Carbide tooling · Filaments · Semiconductor contacts · Density applications
Source regions: China · Vietnam · Rwanda · Austria — geology and customary origin, not ALVIE offtake

Enquire on tungsten →

AI / Semiconductor

Molybdenum · Mo

Oxide briquette, ferromoly, sputtering target. Steel strength and a thin-film line.

Traded form: Oxide briquette, ferromoly, sputtering target
Purity: 99.95% Mo
Terms: FOB
Reference: see desk board
Why it matters: A copper by-product that behaves like its own market when stainless and energy pipe are busy.
End uses: Alloy steel · Stainless · Catalysts · Sputtering
Source regions: China · Chile · United States · Peru — geology and customary origin, not ALVIE offtake

Enquire on molybdenum →

AI / Semiconductor

Gallium · Ga

Primary gallium ingot, 7N. Compound semiconductors.

Traded form: Primary gallium ingot, 7N
Purity: 99.99999% (7N)
Terms: CIF
Reference: see desk board
Why it matters: A by-product of alumina refining. Supply is a smelter decision, not a mine plan. 7N is a different product from 4N.
End uses: GaN / GaAs devices · LEDs · RF
Source regions: China · Germany · Japan (refining) — geology and customary origin, not ALVIE offtake

Enquire on gallium →

AI / Semiconductor

Germanium · Ge

Zone-refined metal, GeO2, GeCl4. Fibre and IR.

Traded form: Zone-refined metal, GeO2, GeCl4
Purity: 99.999% (5N)
Terms: CIF
Reference: see desk board
Why it matters: Another by-product chain (zinc). Export licensing can close a book overnight.
End uses: Fibre optics · IR optics · Electronics
Source regions: China · Belgium (refine) · Canada — geology and customary origin, not ALVIE offtake

Enquire on germanium →

AI / Semiconductor

Indium · In

Refined ingot, ITO target. Displays and a thin solar chain.

Traded form: Refined ingot, ITO target
Purity: 99.995% In
Terms: CIF
Reference: see desk board
Why it matters: ITO still eats most of it. Substitution talk is older than the tightness.
End uses: ITO · Solders · Compound semiconductors
Source regions: China · Korea · Canada (as by-product) — geology and customary origin, not ALVIE offtake

Enquire on indium →

AI / Semiconductor

Tantalum · Ta

Ta2O5 and capacitor-grade powder. Conflict-mineral rules are not optional copy.

Traded form: Ta2O5, capacitor-grade powder
Purity: 99.95% Ta
Terms: CIF
Reference: see desk board
Why it matters: Capacitance at small size. Chain-of-custody is part of the spec.
End uses: Capacitors · Superalloys · Sputtering
Source regions: DRC (audited only) · Rwanda (audited only) · Australia · Brazil — geology and customary origin, not ALVIE offtake

Enquire on tantalum →

AI / Semiconductor

Niobium · Nb

Ferroniobium and high-purity oxide. Pipeline steel and superconductors.

Traded form: Ferroniobium, high-purity oxide
Purity: 99.9% Nb
Terms: FOB Santos
Reference: see desk board
Why it matters: One country dominates FeNb. High-purity oxide is a different, smaller trade.
End uses: HSLA steel · Superconductors · Alloys
Source regions: Brazil · Canada — geology and customary origin, not ALVIE offtake

Enquire on niobium →

AI / Semiconductor

Palladium · Pd

Sponge, ingot, 99.95%. Auto-catalyst and electronics.

Traded form: Sponge, ingot, 99.95%
Purity: 99.95% Pd
Terms: Loco Zurich
Reference: see desk board
Why it matters: A PGM with an industrial bid. Substitution with platinum is a real, slow trade, not a headline.
End uses: Auto-catalyst · Electronics · Dental · Chemical
Source regions: Russia · South Africa · North America — geology and customary origin, not ALVIE offtake

Enquire on palladium →

AI / Semiconductor

Platinum · Pt

Sponge, ingot, 99.95%. Catalyst, glass, and the hydrogen story that still needs ounces.

Traded form: Sponge, ingot, 99.95%
Purity: 99.95% Pt
Terms: Loco Zurich
Reference: see desk board
Why it matters: Diesel was the bid. Hydrogen would be another. The mine plan does not turn on a dime.
End uses: Auto-catalyst · Glass · Chemicals · Jewellery
Source regions: South Africa · Russia · Zimbabwe — geology and customary origin, not ALVIE offtake

Enquire on platinum →

AI / Semiconductor

Ruthenium · Ru

Sponge, sputtering target. Small ounces, hard to replace in some recipes.

Traded form: Sponge, sputtering target
Purity: 99.95% Ru
Terms: Loco Zurich
Reference: see desk board
Why it matters: A residual PGM that prices like a specialty chemical when electronics are tight.
End uses: Resistors · Data storage · Catalysts
Source regions: South Africa · Russia (as PGM by-product) — geology and customary origin, not ALVIE offtake

Enquire on ruthenium →

AI / Semiconductor

Iridium · Ir

Sponge, crucible stock. The metal the PEM electrolyser argument actually consumes.

Traded form: Sponge, crucible stock
Purity: 99.9% Ir
Terms: Loco Zurich
Reference: see desk board
Why it matters: Annual mine supply is tiny. A hydrogen forecast that ignores ounces is not a forecast.
End uses: Crucibles · Spark plugs · PEM catalysts
Source regions: South Africa · Russia (as PGM by-product) — geology and customary origin, not ALVIE offtake

Enquire on iridium →

HPA

AI / Semiconductor

High Purity Alumina · HPA

4N and 5N Al2O3 powder. Synthetic sapphire and lithium-ion separators.

Traded form: 4N and 5N Al2O3 powder
Purity: 99.99–99.999% Al2O3
Terms: CIF
Reference: see desk board
Why it matters: Not smelter-grade alumina. The extra nines are the product, and qualification is the barrier.
End uses: Sapphire · LED substrates · Separator coatings
Source regions: Australia · China · Japan (process) — geology and customary origin, not ALVIE offtake

Enquire on high purity alumina →

Critical

Critical — 5

Lines that sit on export controls, substitution risk, or strategic lists — still physical, still specified.

Critical

Tellurium · Te

Refined metal, 4N. A copper-anode slime with a solar bid.

Traded form: Refined metal, 4N
Purity: 99.99% Te
Terms: CIF
Reference: see desk board
Why it matters: CdTe thin film versus a by-product supply curve. You cannot mine this to a demand forecast.
End uses: CdTe solar · Thermoelectrics · Metallurgy
Source regions: China · Russia · United States (as by-product) — geology and customary origin, not ALVIE offtake

Enquire on tellurium →

Critical

Antimony · Sb

Ingot, trioxide. Flame retardant, and a metal on export-control lists.

Traded form: Ingot, trioxide
Purity: 99.65% Sb
Terms: FOB
Reference: see desk board
Why it matters: Supply is concentrated. Licensing is part of the trade, not a footnote.
End uses: Flame retardants · Alloys · Semiconductors (high purity)
Source regions: China · Russia · Tajikistan · Australia — geology and customary origin, not ALVIE offtake

Enquire on antimony →

Critical

Bismuth · Bi

Ingot, 99.99%. The non-lead that still behaves like a minor metal.

Traded form: Ingot, 99.99%
Purity: 99.99% Bi
Terms: CIF
Reference: see desk board
Why it matters: Lead substitution in solders and brasses, on a by-product supply line.
End uses: Pharmaceuticals · Lead-free solder · Alloys
Source regions: China · Vietnam · Bolivia — geology and customary origin, not ALVIE offtake

Enquire on bismuth →

Critical

Magnesium · Mg

99.9% ingot and alloy. Structural light metal with a power-hungry plant.

Traded form: 99.9% ingot, alloy
Purity: 99.9% Mg
Terms: FOB
Reference: see desk board
Why it matters: Automotive light-weighting plus a production map that can snap on energy and environmental policy.
End uses: Alloys · Die-cast auto · Steel desulphurisation
Source regions: China · Israel · United States — geology and customary origin, not ALVIE offtake

Enquire on magnesium →

Critical

Lead · Pb

99.97% ingot. Unfashionable, specified, still in the battery that starts the car.

Traded form: 99.97% ingot
Purity: 99.97% Pb
Terms: CIF
Reference: see desk board
Why it matters: Recycled metal is most of the book. Primary still exists. Both have to be clean enough to cast.
End uses: Lead-acid batteries · Shielding · Alloys
Source regions: China · Australia · United States · recycled flows — geology and customary origin, not ALVIE offtake

Enquire on lead →

All thirty-two lines

Specified book

Last public from tape.json. Assessments marked. Dead series tagged. Not a quotation or an offer to trade. Volume column omitted — published from the first audited year.

Metal	Category	Traded form	Purity	Last public	Intended terms
Gold Au	Traditional	LBMA good delivery bars, 400 oz	99.99% (4N)	see desk board	Loco London
Silver Ag	Traditional	1,000 oz commercial bars	99.9% (3N)	see desk board	Loco London
Copper Cu	Traditional	Grade A cathode	99.99% LME registered	see desk board	CIF Shanghai
Iron Ore Fe	Traditional	62% Fe fines and lump	62% Fe, <0.075% P	see desk board	CFR Qingdao
Aluminium Al	Traditional	P1020A ingot, T-bar, sow	99.7% Al	see desk board	CIF Rotterdam
Zinc Zn	Traditional	SHG ingot, jumbo block	99.995% (SHG)	see desk board	CIF Antwerp
Sulphur S	Traditional	Bright yellow granular, formed	99.8% S, dry basis	see desk board	FOB Ruwais
Carbon C	Traditional	Calcined petroleum coke, needle coke	94–99.95% C	see desk board	FOB
Coal Co	Traditional	6,000 kcal/kg NAR thermal, HCC	<0.6% S, 12% ash (spec as contracted)	see desk board	FOB Newcastle
Lithium Li	Energy	Battery-grade carbonate and hydroxide	99.5% Li2CO3 (and equivalent hydroxide)	see desk board	CIF China
Cobalt Co	Energy	Cut cathode, briquette, sulphate	99.8% Co	see desk board	CIF Rotterdam
Nickel Ni	Energy	Class 1 briquette, MHP, matte	99.8% Ni (Class 1)	see desk board	CIF Rotterdam
Graphite C	Energy	Flake concentrate, spherical coated	94–99.95% C	see desk board	FOB Nacala
Manganese Mn	Energy	High-purity sulphate, electrolytic metal	99.9% (HPMSM)	see desk board	FOB
Rare Earths REE	Energy	NdPr oxide, separated Dy and Tb	99.5% NdPr oxide	see desk board	FOB
Tungsten W	AI / Semiconductor	APT, tungsten powder, carbide	99.95% W	see desk board	FOB
Molybdenum Mo	AI / Semiconductor	Oxide briquette, ferromoly, sputtering target	99.95% Mo	see desk board	FOB
Gallium Ga	AI / Semiconductor	Primary gallium ingot, 7N	99.99999% (7N)	see desk board	CIF
Germanium Ge	AI / Semiconductor	Zone-refined metal, GeO2, GeCl4	99.999% (5N)	see desk board	CIF
Indium In	AI / Semiconductor	Refined ingot, ITO target	99.995% In	see desk board	CIF
Tantalum Ta	AI / Semiconductor	Ta2O5, capacitor-grade powder	99.95% Ta	see desk board	CIF
Niobium Nb	AI / Semiconductor	Ferroniobium, high-purity oxide	99.9% Nb	see desk board	FOB Santos
Palladium Pd	AI / Semiconductor	Sponge, ingot, 99.95%	99.95% Pd	see desk board	Loco Zurich
Platinum Pt	AI / Semiconductor	Sponge, ingot, 99.95%	99.95% Pt	see desk board	Loco Zurich
Ruthenium Ru	AI / Semiconductor	Sponge, sputtering target	99.95% Ru	see desk board	Loco Zurich
Iridium Ir	AI / Semiconductor	Sponge, crucible stock	99.9% Ir	see desk board	Loco Zurich
High Purity Alumina HPA	AI / Semiconductor	4N and 5N Al2O3 powder	99.99–99.999% Al2O3	see desk board	CIF
Tellurium Te	Critical	Refined metal, 4N	99.99% Te	see desk board	CIF
Antimony Sb	Critical	Ingot, trioxide	99.65% Sb	see desk board	FOB
Bismuth Bi	Critical	Ingot, 99.99%	99.99% Bi	see desk board	CIF
Magnesium Mg	Critical	99.9% ingot, alloy	99.9% Mg	see desk board	FOB
Lead Pb	Critical	99.97% ingot	99.97% Pb	see desk board	CIF

Material

Photographs of the commodity, not the warehouse

Captions on this site are geology or stock photography of the metal. Nothing here is presented as ALVIE inventory, struck bars, or metal we hold.

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