Metal

A metal (from Greek μέταλλον métallon, "mine, quarry, metal") is a material (an element, compound, or alloy) that is typically hard, opaque, shiny, and has good electrical and thermal conductivity. Metals are generally malleable — that is, they can be hammered or pressed permanently out of shape without breaking or cracking — as well as fusible (able to be fused or melted) and ductile (able to be drawn out into a thin wire). About 91 of the 118 elements in the periodic table are metals, the others are nonmetals or metalloids. Some elements appear in both metallic and non-metallic forms.

Astrophysicists use the term "metal" to collectively describe all elements other than hydrogen and helium. Thus, the metallicity of an object is the proportion of its matter made up of chemical elements other than hydrogen and helium.

Many elements and compounds that are not normally classified as metals become metallic under high pressures; these are formed as metallic allotropes of non-metals.

Structure and bonding

Metallurgy

Metallurgy is a domain of materials science and engineering that studies the physical and chemical behavior of metallic elements, their intermetallic compounds, and their mixtures, which are called alloys. Metallurgy is also the technology of metals: the way in which science is applied to the production of metals, and the engineering of metal components for usage in products for consumers and manufacturers. The production of metals involves the processing of ores to extract the metal they contain, and the mixture of metals, sometimes with other elements, to produce alloys. Metallurgy is distinguished from the craft of metalworking, although metalworking relies on metallurgy, as medicine relies on medical science, for technical advancement.

Metallurgy is subdivided into ferrous metallurgy (sometimes also known as black metallurgy) and non-ferrous metallurgy or colored metallurgy. Ferrous metallurgy involves processes and alloys based on iron while non-ferrous metallurgy involves processes and alloys based on other metals. The production of ferrous metals accounts for 95 percent of world metal production.

Bulk cargo

Bulk cargo is commodity cargo that is transported unpackaged in large quantities. It refers to material in either liquid or granular, particulate form, as a mass of relatively small solids, such as petroleum/crude oil, grain, coal, or gravel. This cargo is usually dropped or poured, with a spout or shovel bucket, into a bulk carrier ship's hold, railroad car/railway wagon, or tanker truck/trailer/semi-trailer body. Smaller quantities (still considered "bulk") can be boxed (or drummed) and palletised. Bulk cargo is classified as liquid or dry.

The Baltic Exchange is based in London and provides a range of indices benchmarking the cost of moving bulk commodities, dry and wet, along popular routes around the seas. Some of these indices are also used to settle Freight Futures, known as FFA's. The most famous of the Baltic indices is the Baltic Dry Indices, commonly called the BDI. This is a derived function of the Baltic Capesize index (BCI), Baltic Panamax index (BPI), Baltic Supramax index (BSI) and the Baltic Handysize index (BHSI). The BDI has been used as a bellwether for the global economy as it can be interpreted as an indicator of an increase or decrease in the amount of raw commodities countries are importing/exporting.

Institute of technology

Institute of technology (also: university of technology, polytechnic university, technikon, and technical college) is a designation employed for a wide range of learning institutions awarding different types of degrees and operating often at variable levels of the educational system. It may be an institution of higher education and advanced engineering and scientific research or professional vocational education, specializing in science, engineering, and technology or different sorts of technical subjects. It may also refer to a secondary education school focused in vocational training. The term institute of technology is often abbreviated IT and is not to be confused with information technology.

The English term polytechnic appeared in the early 19th century, from the French École Polytechnique, an engineering school founded in 1794 in Paris. The French term comes from the Greek πολύ (polú or polý) meaning "many" and τεχνικός (tekhnikós) meaning "arts".

While the terms "institute of technology" and "polytechnic" are synonymous, the preference concerning which one is the preferred term varies from country to country.

Wood Mackenzie

Wood Mackenzie is a global energy, metals and mining research and consultancy group with an international reputation for supplying comprehensive data, written analysis and consultancy advice. In 2015, the company was acquired by Verisk Analytics, an American data analytics and risk assessment firm, in a deal valued at $2.8 billion.

It is based in Edinburgh Scotland, though it has over 25 offices worldwide. The company's energy business was founded in 1973, when they started reviewing the North Sea oilfields. Since 2007, Wood Mackenzie has acquired coal specialists Hill & Associates in the US and Barlow Jonker in Australia; and Brook Hunt, the UK-based metals analysts.

History

The company was sold in 1987 to County Natwest by Trustee Savings Bank. In a 2003 report the company claimed that 25 of the largest oil companies had "destroyed value in 50 of the 80 countries they have invested in over the past six years". In a report from the company in 2005 it was discovered that Bangladesh will fail to meet natural gas demands by 2023. In 2007 a report from the company on the Alberta oil sands said "higher royalties will have the biggest impact on high-cost, low-margin projects" this sparked what has been described as a "furious debate" within the oil industry.