Mercury Spot Price
Unlike gold or silver, not too many people are familiar with trading mercury. Mercury is sold in flasks. A single flask is equal to 76.0 lbs or 34.5 kg. The average mercury spot price is $600.
US Export
If you decide to buy or sell mercury, keep in mind that its value can change based on several factors. The supply and demand is of course a factor. The US continues to be one of the leading exporters of mercury today.
In 2008, its major trading partners were India, Vietnam and the Netherlands. The price of a single mercury flask then was $550 to $650. This isn’t too far off the current price range.
Issues Affecting Mercury Value
World consumption of mercury is over 2,000 tons annually. Nearly half of this emanates from the utilization of mercury compounds used to create vinyl monomer in Eastern Europe and China. Mercury is also utilized in some gold mining operations. The growing demand for gold has helped bring the cost of mercury up.
There are other issues that affect mercury spot price. These include its availability. In particular, the availability of the product in Spain, Kyrgyzstan and China is crucial. Diminishing supplies can also influence its price. The circumstances surrounding mercury products will also influence its price.
If you are going to buy mercury, keep in mind that non-mercury technology used to produce caustic soda and chlorine will affect its value.
Management
The U.S. Geological Survey (USGS) and the U.S. Environmental Protection Agency (EPA) have produced guidelines for the management of commercial grade mercury. The effect of these new rules on mercury costs is still to be determined.
Information and Other Statistics
This metal is liquid when set at room temperature. This metal is in corderoit, cinnabar, or native metal. The metal is noted for its even volumetric thermal expansion. It is an excellent conductor of electricity. Majority of mercury is used for making industrial chemicals. The liquid metal is also used in electronic applications and electric gadgets.
For health reasons, there are mercury substitutes now available. For example, digital thermometers are now taking the place of the old thermometers that employ mercury. Other substitutes are zinc-air batteries, nickel-cadmium and lithium.
If you are going to study the mercury spot price, you should be able to profit from it the same way that some people do with the stock market. Just make sure that you study all the facts about mercury before buying or selling it.
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