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Available now, the latest version of Flexium software from CNC specialist NUM includes an enhanced RTCP (Rotation Tool Centre Point) function with tool vector programming that significantly simplifies the usage of five-axis machine tools.

  • Enhanced RTCP function with tool vector programming
  • New G code command and smoothing algorithms help improve surface quality

As one of the original developers of RTCP, NUM continually enhances the function to meet the changing needs of machine builders and end-users. The company’s implementation of RTCP includes twenty-four predefined kinematic configurations and its Flexium+ CNC systems can accommodate different kinematics on the same machine – for example, when different milling heads are needed.

NUM’s Flexium CNC software now includes an enhanced RTCP function with 3D workpiece compensation that significantly simplifies the programming of five-axis machine tools.NUM’s Flexium CNC software now includes an enhanced RTCP function with 3D workpiece compensation that significantly simplifies the programming of five-axis machine tools.

NUM’s basic RTCP function, invoked by ISO code G151, offers a number of user-specified variants. The function can be activated with an inclined coordinate system or after a positioning move. In either case, the CNC system automatically calculates the mechanical offset to ensure that the tool centre point is always in touch with the defined workpiece surface while the rotary axes are moving. The RTCP function can also be activated by the actual positions of the rotary axes.

Until now, programming 5-axis machines has often been considered an onerous task. The rotary axes are usually programmed directly with their angular position, which has the advantage that the position of the machining head can be imagined when viewing the part program. The disadvantage, however, is that the part program depends on the kinematics of the machine, and cannot be transferred to another 5-axis machine without modification.

The tool vector programming option of NUM’s RTCP function enables the direction of the tool to be determined by the vectors’ components along the X,Y and Z axes, rendering the part program independent of the machine kinematics.

The RTCP function in NUM’s Flexium CNC software can now be activated by the actual positions of the rotary axes. The RTCP function in NUM’s Flexium CNC software can now be activated by the actual positions of the rotary axes.

In some circumstances, aligning the workpiece to be processed on the machine can be a complex procedure. In these cases, to increase productivity, instead of moving the workpiece, NUM’s Flexium+ CNC system can now compensate for positioning deviations (including angles) by applying appropriate correction values. The workpiece remains misaligned, but the CNC system is aware of the deviations and compensates for them automatically.

NUM’s Flexium software, version 4.1.00.00 or higher, now features a special HMI (Human-Machine Interface) to allow the corresponding correction values to be entered. The coordinate system resulting from the shifts and rotations is called a ‘Balanced Coordinate System’ (or BCS) and the compensation function is known as 3DWPC (3D workpiece compensation).

Additionally, the software now includes a function to help machine users accelerate the roughing operation’s tunings and then achieve optimal surface finishes. Invoked by ISO code G732, the new function simplifies parameter optimisation and automatically computes pre-settings for roughing and finishing, with adjustable smoothing levels. The machine operator can select a range of attributes – such as profile tolerance, permissible chordal error and segment length – and invoke an optional smoothing algorithm to reduce mechanical shock and smooth the workpiece surface.

To further help machine operators achieve optimal results, NUM has also introduced a new algorithm that keeps the pivot point at constant speed. Part programs generated by CAD/CAM systems invariably comprise a multitude of small G01 segments – in the case of rotary axes, these are often distributed inhomogeneously – resulting in speed variations which affect surface quality. The new algorithms maintain constant speed at pivot points during the movement of rotary axes, allowing the discontinuities to be smoothed, resulting in an improved surface.

Five-axis machining, in which the tool is oriented in relation to the machining surface, has really come to the fore in the last few years. Machine tool builders are increasingly developing new kinematic configurations that capitalise on this technology, to help end-users further improve the performance of their machining operations.

A key factor behind the success of five-axis machining was the introduction of the Rotation Tool Centre Point (RTCP) function for CNC systems. NUM was an early developer of this function, which makes interpolated points track correctly by applying real-time compensation for the motion of the rotary axes.

For more information, please contact:

Steve Moore, NUM (UK) Ltd, Unit 3 Fairfield Court, Seven Stars Industrial Estate, Wheler Road, Coventry CV3 4LJ, UK.
Tel: +44 (0)2476 301 259; This email address is being protected from spambots. You need JavaScript enabled to view it.; www.num.com.

NUM AG, Battenhusstrasse 16, CH-9053 Teufen, Switzerland.

Tel: +41 71 335 04 11; This email address is being protected from spambots. You need JavaScript enabled to view it.; www.num.com.

In response to a recent wave of COVID-19 cases in Guangzhou, Wire and Cable Guangzhou, originally scheduled to be held from 21 – 23 July 2021 at the China Import and Export Fair Complex, will be postponed.

2021 06 28 101140Earlier, the People’s Government of Guangzhou Municipality released a set of guidelines about prevention and control measures including the suspension of all large-scale events[1]. Following the government’s guidance, the organisers of Wire & Cable Guangzhou have decided to postpone the fair. The new dates will be announced in due course.

Commenting on the decision, Mr Emeka Hu, the General Manager of Guangzhou Guangya Messe Frankfurt Co Ltd, said: “In compliance with the local government’s guidelines and with health and safety of our show attendees being our primary concern, we believe postponing the event is the best arrangement under the current circumstances. We will closely observe the developments in the province and will announce the new show dates as soon as it is safe to resume trade fair activity in Guangzhou. We want to thank all of our stakeholders for their understanding and continued support.”

Organised by Guangzhou Guangya Messe Frankfurt Co Ltd, China Southern Power Grid Media Co Ltd and Guangzhou Boyou Exhibition Service Co Ltd, Wire & Cable Guangzhou facilitates industry development in South China. With a particular focus on electrical power, exhibitors include manufacturers and solution providers of wire and cabling, testing instruments and smart grids.

While the 2020 edition was deferred due to COVID-19, the last physical exhibition in 2019 attracted 220 exhibitors and 26,410 professional buyers from 41 countries and regions. The fair’s visitors span a number of industries, including power engineering, construction, telecommunication, petrochemicals, security and lighting.

[1]http://www.gz.gov.cn/xw/jrgz/content/post_7306482.html

The popular NSK academy online platform now features a new training module: continuous casting. Added to the steels & metals section of the portal, the latest module will appeal to anyone involved in specifying bearings to withstand the harsh working environments found in continuous casting applications. As with all training modules available at NSK academy, registered users completing the course will require an 80% pass mark to receive a certificate.

The new training module provides essential understanding of the fundamental principles behind bearing selection for continuous casting applicationsThe new training module provides essential understanding of the fundamental principles behind bearing selection for continuous casting applications

The extreme operating conditions of continuous casting machines mean that it is easy to compromise the reliability and service life of bearings without undue care and attention in the selection process. Challenges include heat, heavy loads, ultra-low speeds and roll deflection, not to mention the application’s most common bearing failure mode: differential sliding/sliding friction.

At the start of the new training module, participants learn more about the continuous casting process and the machinery involved, with a particular focus on twin-strand technology. An in-depth look at the bearings follows, especially spherical roller bearings and their ability to accommodate heavy loads, misalignment and thermal expansion of the shaft - and how these bearing types deal with the fundamental issue of sliding.

NSK’s new training module also covers cylindrical roller bearings. The cylindrical roller contact pattern provides the advantage of pure rolling, again preventing any wear induced by sliding friction to ensure reliability and long service life.

Ultimately, the latest training module provides essential understanding of the fundamental principles behind bearing selection for continuous casting applications. Anyone working in the continuous casting arena, from sales, technical support and R&D, through to maintenance and engineering, is set to benefit.

At a time when online/remote learning is more relevant than ever due to the ongoing pandemic, the NSK academy can help platform users expand on the knowledge they apply on a daily basis, and utilise the latest NSK bearing solutions to maximise machine life.
The module can be found at www.nskacademy.com (a quick and easy registration process is required for new users).

Supertec Machinery Inc., one of Taiwan’s leading machine tool manufacturers, has chosen to base new versions of its renowned Plunge type of CNC cylindrical grinding machines on NUM’s Flexium+ CNC platform.

Founded in 1954, Supertec Machinery Inc. has grown to become one of Taiwan’s top machine tool manufacturers. The company specialises in precision grinding automation and produces a diverse range of centreless, cylindrical and surface grinding machines. Based in Taichung City, Supertec operates sales and support facilities at strategic locations throughout Asia and Europe, as well as in the USA and South America.

  • Innovative NUMgrind CNC software will help to simplify production of camshafts, crankshafts, cams, eccentric shafts, etc….

Supertec has traditionally used Fanuc CNC systems for most of its machine tools. However, when NUM added non-circular grinding functionality to its popular NUMgrind cylindrical grinding software back in June 2020, the company realised that this innovative CNC technology provided exactly what many of its customers needed on their cylindrical grinders.

2021 06 02 104527Supertec’s latest Plunge type CNC cylindrical grinding machine is based on NUM’s Flexium+ CNC platform.

NUMgrind simplifies the creation of G code programs for CNC grinding machines through the use of a highly intuitive graphical human machine interface (HMI), and unlike conventional CAD/CAM workstation tools, it is designed specifically for use by shop floor personnel in a production environment.

After evaluating the software, Supertec immediately raised a purchase contract with NUM. According to Betty Chu, Supertec’s Assistant General Manager, “NUM has an excellent reputation in the grinding industry. Much like Supertec, this has been earned over many years. And the latest version of NUMgrind, which accommodates non-circular grinding, is a natural fit for our CNC cylindrical grinding machines. We also now benefit from very responsive local support – NUM’s Taiwan facility is less than 15 km away from our factory.”

Supertec’s Plunge type of CNC cylindrical grinding machines offer a choice of six capacities, covering distances between centres from 500 mm to 2,000 mm. The machines can also accommodate grinding diameters from 300 up to 430 mm (3 sizes), grinding wheel speeds up to 1,390 rpm and workhead spindle speeds from 30 to 350 rpm.

The new versions of these machines are based on NUM’s Flexium+ 8 CNC platform and use NUM’s high performance MDLUX drives and brushless servo motors for the X, Z and C axes. In addition to the NUMgrind HMI, the software that is being supplied by NUM includes the Flexium 3D simulator, which can be used offline or online, and an application-specific profile editor which enables users to import DXF files.

Johnny Wu, General Manager for NUM Taiwan, points out, “The ability to use the Flexium 3D simulator both offline and online provides Supertec’s customers with a distinct advantage. CNC programs can obviously be prepared offline and checked for potential problems such as collisions before being transferred to the machine. But the simulator can also be used online. This enables operators to gain vital visibility of the grinding process – which is normally obscured by the flow of oil.”

2021 06 02 104605Supertec’s latest Plunge type CNC cylindrical grinding machine accommodates complex parts requiring non-circular grinding.

The new machines will be introduced to the public at the next opportunity, which will likely be TMTS in 2022 due to Covid-19 restrictions.

Non-circular grinding is used in a wide variety of automated manufacturing applications, such as the production of camshafts, crankshafts, cams and eccentric shafts. However, it is an extremely complex task, because the non-circular contour leads to constantly changing engagement and movement conditions between the grinding wheel and the workpiece.

Using the non-circular grinding function of NUMgrind, the closed shape of the workpiece is defined in the XY plane. Grinding is then performed by interpolating or synchronising the X axis with the C axis (workpiece spindle). Axial movement in the Z axis can also be accommodated, by means of oscillation or ‘multi-plunging’. The Flexium+ CNC system’s NCK transforms the contour from the XY plane into an XC plane, and calculates the corresponding compensation and in-feed movements, taking the grinding wheel diameter into account. The speed profile is also transformed, so that the speed and acceleration are automatically adapted to suit the physical attributes of the machine.

 

Metso Outotec has signed a contract with Beijing Shougang International Engineering Technology Co, Ltd. (BSIET) on the delivery of environmentally sound pelletizing technology for Yunnan Yuxi Yukun Iron and Steel Group Co., Ltd. The iron ore pelletizing plant will be built in the Dahua industry park of Eshan, Yuxi, Yunnan, China. The order value is not disclosed. The contract has been booked into Metals’ Q2/2021 orders received.

Metso Outotec's scope of delivery covers the engineering and design of the indurating system, engineering of the process gas fan system, supply of proprietary equipment, instrumentation and control systems, as well as supervisory services and technical training. The Yukun plant targets annual production of 4 million tonnes of pellets. Production is expected to start in 2023.

Metso-Outotec-Indurating-machineMetso-Outotec-Indurating-machine

“This is the third pellet plant order we’ve received within a short period of time from China. Today, China is the largest crude steel producer in the world, accounting for over half of the world’s production. Driven by rapid modernization of its economy, construction, infrastructure and manufacturing industries, China is continuously developing its production facilities and capabilities to meet the domestic and world demand, as well as the increasing sustainability requirements related to emissions control and carbon neutrality. Metso Outotec’s traveling grate technology used in the pelletizing plants ensures high performance and quality while decreasing energy consumption and emissions significantly,” says Attaul H. Ahmad, Vice President, Ferrous & Heat Transfer business line at Metso Outotec.

Find out more about the traveling grate pelletizing technology on our website.

Further information, please contact:

Matthias Gabriel, Director, Ferrous Product Group Metso Outotec, tel. +49617 1969 3280, email: matthias.gabriel(at)mogroup.com

Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By improving our customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change.  

Metso Outotec is committed to limiting global warming to 1.5°C with Science Based Targets. We ranked 8th on the 2021 Global 100 list of the world’s most sustainable companies.

Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its sales for 2020 were about EUR 3.9 billion. The company is listed on the Nasdaq Helsinki. mogroup.com

Outokumpu aims at being the industry benchmark for sustainability: Commits to more stringent climate target and establishes an ESG Advisory Council

Outokumpu updates its sustainability strategy and aims to become the industry benchmark for sustainability. The company commits to the Business Ambition for 1.5°C objective according to Science-Based Targets (SBT) initiative, clearly raising its earlier climate objectives. In addition, the company is establishing an ESG Advisory Council to support its sustainability work.

“With the commitment to the Business Ambition for 1.5°C, we are not only enabling our customers to decarbonize their value chains, but also want to set the benchmark for a bright and sustainable stainless steel industry”, says Heikki Malinen, President and CEO of Outokumpu.

“The new ESG Advisory Council will be a most valuable forum that brings an external holistic view to our continuous sustainability development. Its expertise will also promote Outokumpu’s aim to set the industry benchmark in sustainability, as well as supporting our efforts in balancing business needs with sustainability goals”, he continues.

Commitment to the Business Ambition for 1.5°C objective

The amount of the company specific CO2 emission reductions will be determined during the approval process with the SBT organization. The new reduction target will not affect the earlier announced capital expenditure in 2021–2022.

Outokumpu’s long-term climate target is to reduce its direct and indirect CO2 emissions as well as those of its supply chain (scopes 1, 2 and 3) to reach carbon neutrality by 2050. Outokumpu is well on track to reach its current climate target of cutting emissions by 20% by 2023 from the 2014–2016 baseline after 17% reductions in emissions by the end of last year.

Outokumpu has reduced its emissions by increasing the share of recycled material in stainless steel production to more than 90%. In addition, the company has increased the share of low-carbon electricity in its energy consumption, improved energy efficiency and reduced transport emissions.

Outokumpu is the first stainless steel producer to commit to the SBT initiative and has already been a member since 2016, when the company’s earlier 2°C climate objectives were approved.

Establishing of an ESG Advisory Council

The new ESG Advisory Council to the CEO will support Outokumpu in its continuous improvement in sustainability work. The council’s role will be to challenge and comment the company’s ESG strategy, roadmap development and actions as well as facilitate dialogue and exchange of views between Outokumpu and its stakeholders.

Outokumpu’s external ESG Advisory Council members are as follows:

  • Olli Dahl, PhD (Technology), Professor, Environmental Technology, Aalto University
  • Lucas Joppa, PhD (Ecology), Chief Environmental Officer, Microsoft
  • Sirpa Juutinen, Partner, Sustainability & Climate Change, PwC Finland
  • Julia Woodhouse, Board Member, Member of the Audit Committee, Outokumpu

Virtual Capital Market Update today, on May 6 at 2.00 pm EEST

Outokumpu will present its updated sustainability strategy at its virtual Capital Markets Update today, at 2.00 pm EEST. Please follow the virtual event online at www.outokumpu.com/en/CMD.

Outokumpu’s sustainability strategy

2021 05 06 085201

For more information:

Read more on Science Based Targets initiative

Outokumpu is the global leader in stainless steel. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs some 10,000 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com

Successful engineering partnerships are dependent upon many factors, not least trust, innovation, class-leading quality, technical excellence and comprehensive support. By way of example, these building blocks have provided the foundation for a strong 30-year partnership between NSK and leading machine-tool builder MCM Spa. Together, the companies have brought to market a number of innovations for the worldwide machining industry. The most recent example of successful collaboration has led MCM to adopt NSK’s NH series linear guides for use on newly developed vertical tool-change magazines and multi-pallet systems.

NSK has built its success on providing customers and partners with industry-leading support, even in challenging conditions such as those presented by the COVID-19 pandemic. Despite the restrictions placed on travel and face-to-face meetings there is a strong engagement to ensure customer projects do not suffer and complications take a back seat. With the first co-operation dating back to 1990, the business relationship between MCM and NSK is standing the test of time, just like the technical solutions that result from this highly effective partnership.

Fully integrated MCM Flexible Manufacturing Systems at a leading aeronautical engines manufacturer. Photo: MCMFully integrated MCM Flexible Manufacturing Systems at a leading aeronautical engines manufacturer. Photo: MCM

MCM, which stands for Machining Centers Manufacturing, began trading in 1978 from its headquarters near Piacenza, Italy. The company’s first horizontal-spindle machining centre with carousel pallet changer made its market debut just a year later.

MCM, which became part of the international RIFA group in 2014, has enjoyed many successful partnerships with iconic OEMs over the decades. For instance, notable projects in the 1980s included those with a luxury sports car manufacturer and a brake specialist. In the 1990s, significant numbers of aerospace primes also began taking advantage of the performance levels provided by MCM solutions.

Innovation proved central in all of these projects, a company attribute that remains to this day. Among MCM’s considerable machining centre developments is the Jet Five, which is available in X-axis configurations from 3 to 12m. The machine boasts significant chip-removal capacities and feed rates of up to 40 m/min. Jet Five can machine large components, even in particularly hard-to-cut materials, with milling cutters up to 400 mm in diameter.

All MCM machining centres are available in four-axis and five-axis versions, and are configurable for multi-tasking operations, such as milling, turning, grinding and power skiving. Automated systems for the handling of workpieces, pallets and tools are an integral part of the range. The machines are configurable with a single pallet, pallet exchanger, multi-pallet system or integrated in an FMS (Flexible Manufacturing System).

NSK NH/NS series linear guides offer long service life due to the inclusion features such as specially developed ball groove geometry. Photo: NSKNSK NH/NS series linear guides offer long service life due to the inclusion features such as specially developed ball groove geometry. Photo: NSK

“Over the past three decades, NSK has stood side-by-side with MCM, providing the necessary innovations in linear motion – both ball screws and linear guides – and the associated engineering support,” says Giampietro Mantica, Application Engineer, European Industrial Business Unit, NSK. “Although this time period has seen many advances and changes in technology, the aim has remained constant: addressing the technical challenges of the sector and delivering the opportunity for MCM to achieve long-term market success.”

This approach has seen NSK retain its preferred supplier status for a number of key machine assemblies. As a case in point, 2020 saw NSK NH linear guides (size 25 and 35) specified on MCM vertical tool-change magazines and multi-pallet systems. In such applications, the need exists to move often large, heavy loads quickly (up to 75m/min) and reliably.

MCM’s COVID-safe visit to NSK’s European headquarters in Ratingen, Germany, last year, aided the decision to select these highly effective, long-life linear guides. Complemented by exemplary interdisciplinary cooperation between NSK’s technical and commercial departments, MCM placed its first orders for the NH series.

NSK’s high-quality, low-noise NH linear guides offer many benefits, including long service life due to the inclusion of innovative features like specially developed ball groove geometry. In addition, up to 30% more dynamic load rating provides twice the fatigue life of previous generation products, while a self-aligning feature minimises internal loads and accommodates misalignment. This latter attribute proves especially useful when MCM develops multi-station, multi-pallet machining lines. Furthermore, the particular design of the NH series means MCM can easily join guide rails together if required, providing a further technical advantage.

The assembly and cutting of NSK NH/NS series linear guides takes place in Europe to ensure timely deliveries to customers across the continent.

About NSK Europe
NSK Europe Ltd. is the European organisation of the Tokyo-based bearing manufacturer NSK, which was founded in Japan in 1916 and today employs nearly 31,000 people in its worldwide operations. The products and solutions provided by the industrial and automotive supplier can be found wherever things move. In addition to nearly all types of rolling bearings, the company’s portfolio includes housed bearings, linear technology, wheel bearing units, transmission and engine bearings and steering systems. The company is oriented to perfection in all of its business activities. Its aim is quality leadership in its industry, which it strives for through a continuous process of improvement, excellent product development, optimised production processes and customer-oriented service processes. In fiscal year 2019, the more than 4,400 employees of NSK Europe Ltd. generated sales of over € 920 million.
www.nskeurope.com 

ArcelorMittal announces that it has today completed an investment agreement (the ‘Investment Agreement’) with Invitalia, an Italian state-owned company, forming a public-private partnership between the parties.

2021 04 14 230814Invitalia has injected €400 million new equity into AM InvestCo Italy, ArcelorMittal’s subsidiary which signed the lease and purchase agreement for the Ilva business, providing Invitalia with a 38% shareholding and equal voting rights with joint control over the company. Going forward the joint company AM InvestCo Italy is being re-named Acciaierie d’Italia Holding, and its main operating subsidiary ArcelorMittal Italia will be renamed Acciaierie d’Italia.

The Investment Agreement stipulates a second equity injection by Invitalia, of up to €680 million, to fund the completion of the purchase of Ilva’s business by Acciaierie d’Italia, which is expected by May 2022 subject to certain conditions precedent*. At this point, Invitalia’s shareholding in Acciaierie d’Italia would increase to 60%, with ArcelorMittal to invest up to €70 million to retain a 40% shareholding and joint control over the company.

Going forward, Acciaierie d’Italia Holding will operate independently, and as such will have its own funding plans without reliance on ArcelorMittal. As a result, ArcelorMittal will deconsolidate the assets and liabilities (including the remaining lease and purchase liability) of Acciaierie d’Italia Holding (formerly AM InvestCo Italy) from its consolidated statement of financial position and will account its interest in the company under the equity method.

*The conditions precedent include: the amendment of the existing environmental plan to account for changes in the new industrial plan; the lifting of all criminal seizures on the Taranto plant; and the absence of restrictive measures – in the context of criminal proceedings where Ilva is a defendant – being imposed against Acciaierie d’Italia Holding or its subsidiaries. In case conditions precedent are not met, then the Acciaierie d’Italia Holding would not be required to complete the purchase of Ilva’s assets and its capital invested would be returned.

About ArcelorMittal

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 17 countries. In 2020, ArcelorMittal had revenues of $53.3 billion and crude steel production of 71.5 million metric tonnes, while iron ore production reached 58.0 million metric tonnes. Our goal is to help build a better world with smarter steels. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. This is what we believe it takes to be the steel company of the future. ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS). For more information about ArcelorMittal please visit: http://corporate.arcelormittal.com/

New research (1) with institutional investors and wealth managers reveals a positive outlook for global industrial activity in 2021, and this should have a positive impact on demand for precious metals and their valuations.

  • Adoption of green technologies and combating climate change are key factors in demand for precious metals

The study, from Global Palladium Fund (GPF), which has recently listed four physically-backed metal Exchange Traded Commodities (ETCs) - including ones that track the spot price of palladium and platinum - shows that two thirds of investors (67%) predict industrial activity will increase this year.  This will drive the price of metals such as silver, palladium and platinum higher according to 69% of professional investors surveyed.  Almost a quarter (24%) predict that prices will increase dramatically.

Palladium

2021 03 23 102418Palladium is a vital component of catalytic converters which turn the most harmful pollutants in car exhaust gas into environmentally friendly compounds like carbon dioxide and water.  It also has a range of other applications, including ceramic capacitors, which regulate the flow of electricity in smartphones and laptops. 

When considering the key factors influencing the price of palladium, 90% of investors said that growing electric car sales in China will play an important role in pushing the metal’s valuation higher, 89% cited the weak US dollar as a driver of appreciation, and over three quarters (77%) said that continuing shortages of the metal would mean the price continues to rise.

Over two thirds (67%) of investors said that tighter emission standards would also push the price higher.  For example, in 2019, China introduced new vehicle emission standards ('China VI'), which are among the strictest in the world. To comply, all new cars sold in China will have to be equipped with good-quality catalytic converters, and that means as much as 30% more palladium per vehicle.

Platinum

The study also highlights platinum’s importance in the future hydrogen economy thanks to its unique hydrogen-absorbing properties, and as an essential metal for cleaning toxins from the environment. Given this, plus the United States re-joining the Paris climate accords under President Biden and the growing focus on combating climate change, the majority (95%) of investors agree that industrial demand for Platinum should increase over the coming months and years, and 85% predict that the price of platinum will rise in 2021. 

Also, Platinum remains at a very inexpensive level compared to palladium and rhodium. The potential to substitute these metals for platinum could lead to growth in value of the metal – a view that 90% of professional investors interviewed agree with.

Alexander Stoyanov, Chief Executive Officer of GPF said: “Our research shows just how important precious metals are to making the green economy a reality.  Their properties mean that they have a fundamental role to play in technologies such as hydrogen fuel cells and other green technologies crucial to changing the world we live in and, as a result, demand for metals such as palladium and platinum will increase.”

NTree International Ltd, a specialist in marketing, distribution and investor engagement, is leading the distribution and rollout of the products.  NTree has set up a dedicated brand, Metal.Digital https://metal.digital as an education resource for professional investors with a focus on metals.

Timothy Harvey, Chief Executive Officer and Founder of NTree, said: “Investing in precious and industrial metals has never been timelier as global economies seek to address climate change.  That’s why we have launched new metal ETCs that have the lowest charges in the marketplace, enabling investors to access metals cost effectively.”

Global Palladium Fund’s (GPF) new ETCs are listed on the Deutsche Börse and London Stock Exchange and have the lowest charges with total expense ratios (TER) ranging from 0.145% to 0.20%. Targeting Family Offices, wealth managers, institutional and other professional investors, the new physically-backed gold, silver, platinum and palladium ETCs track the spot price of the respective metals they cover. 

The ETCs have a strong focus on ESG. LBMA-approved metal will be sourced from producers and suppliers who support the Sustainable Development Goals of the UN 2030 Agenda and other global initiatives in sustainable development and responsible mining.

GPF is also the first to use Blockchain technology to record bar information into Distributed Ledger Technology, thereby providing an extra layer of security and proof of ownership to the Issuer.  The use of Blockchain is in addition to the traditional recording processes used by the custodian.

(1) Global Palladium Fund commissioned the market research company Pureprofile to interview 100 professional investors – 50 institutional investors and 50 wealth managers – across the UK and Germany.  The survey was conducted online in January 2021.

Sustainably sourced

Good Delivery Rules’ set by LBMA, LPPM, and LME for precious and base metals are universally acknowledged as the de facto international standard for due to the strict criteria that apply to responsible mining operations and protection of human rights.

LBMA established the Responsible Gold Guidance for Good Delivery Refiners that follows the five-step framework due diligence of the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals.

Global Palladium Fund

The Global Palladium Fund, set up by Norilsk Nickel in 2016, strives to advance the development of world-changing technologies in essential areas such as aerospace, electronics, and the automotive industries to help make the world a better place. In an industry first, GPF is enabling industrial consumers and investors access to a range of metals in a variety of formats, including the ETCs. GPF is proud to be supported by Norilsk Nickel. Its products are in high demand across the globe and it has operations in the Russian Far North, Finland and South Africa. 

For more information, visit: www.gpf.global

Norilsk Nickel

Norilsk Nickel is the world’s largest producer of palladium, high-grade nickel and a major producer of platinum, copper, precious metals and rare earths.

NTree

NTree provides professional investors with an education and distribution service to access commodities and China through active and passive fund solutions including Exchange Traded Products.  It will promote the GPF ETCs, providing investor education and insights into the role and importance of the metals as well as their place in portfolios (please visit www.ntree.co.uk for more details)

Metso Outotec has been awarded a contract for the engineering and delivery two 170 t/h Bayer process flash evaporation plants to National Aluminium Company’s (NALCO) Damanjodi Alumina Refinery in Odisha, India. The value of the order is approximately EUR 13 million, and it has been booked in the Metals segment’s orders received in Q1 / 2021. 

2021 03 04 101722“We are excited for NALCO having chosen us as the supplier for the two energy-efficient flash evaporation plants complementing our market position in the Bauxite and Alumina sector,” highlights Dr. Alessio Scarsella, Director, Light Metals at Metso Outotec. “Previously, we have delivered three process lines for NALCO’s calcination and hydrate filtration plants, the first of which has been in operation since 1987. Additionally, in March 2020, we received an order for two alumina calciners and one hydrate filtration plant, increasing NALCO’s annual alumina production to approximately one million tonnes. The now ordered evaporation plants will help Nalco meet its production target.”

More information on Metso Outotec offering for the alumina refinery is available on our website.

The Alumina business remains in Metso Outotec’s portfolio and is not part of the earlier announced divested Aluminium business.

Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By improving our customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change.  

Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its sales for 2020 were about EUR 3.9 billion. The company is listed on the Nasdaq Helsinki. mogroup.com

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