Commodities

The Diaz Group trades a number of commodities and precious metals as either the representative for buyer or seller. Our global network of associates provides us with both suppliers and purchasers of various minerals, metals & food commodities.

DGI operate with the utmost efficiency and professionalism when dealing with international commodity trades. With subscriptions to a number of key industry data sources, DGI are up to date with all market prices and trends. Our global network includes mines, logistics and shipping, steel mills, manufacturers, end users and investors.
While the Diaz Group has a wide network of trade contacts, our focus to date has primarily been on the following commodities;

Iron

Iron is the most widely used of all the metals, accounting for 95% of worldwide metal production. Its low cost and high strength make it indispensable in engineering applications such as the construction of machinery and machine tools, automobiles, the hulls of large ships, and structural components for buildings. Since pure iron is quite soft, it is most commonly used in the form of steel.

Ninety per cent of all mining of metallic ores is for the extraction of iron. Industrially, iron production involves iron ores, principally hematite (nominally Fe2O3) and magnetite (Fe3O4) in a carbothermic reaction (reduction with carbon) in a blast furnace at temperatures of about 2000 °C. In a blast furnace, iron ore, carbon in the form of coke, and a flux such as limestone (which is used to remove silicon dioxide impurities in the ore which would otherwise clog the furnace with solid material) are fed into the top of the furnace, while a massive blast of heated air, about 4 tons per ton of iron, is forced into the furnace at the bottom.

Coal

Coal is primarily used as a solid fuel to produce electricity and heat through combustion. World coal consumption was about 6.75 billion short tons in 2006 and is expected to increase 48% to 9.98 billion short tons by 2030. 68.7% of China's electricity comes from coal. The USA consumes about 14% of the world total, using 90% of it for generation of electricity.

When coal is used for electricity generation, it is usually pulverized and then combusted (burned) in a furnace with a boiler. The furnace heat converts boiler water to steam, which is then used to spin turbines which turn generators and create electricity. The thermodynamic efficiency of this process has been improved over time. Simple cycle steam turbines have topped out with some of the most advanced reaching about 35% thermodynamic efficiency for the entire process. Increasing the combustion temperature can boost this efficiency even further.

More than 40% of the world's electricity production uses coal.

The second major use for coal is as a fuel for blast furnaces in steel production (coke).

Coke is a solid carbonaceous residue derived from low-ash, low-sulphur bituminous coal from which the volatile constituents are driven off by baking in an oven without oxygen at temperatures as high as 1,000 °C (1,832 °F) so that the fixed carbon and residual ash are fused together. Metallurgical coke is used as a fuel and as a reducing agent in smelting iron ore in a blast furnace. The coking coal should be low in sulphur and phosphorus so that they do not migrate to the metal. The product is cast iron and is too rich in dissolved carbon, and so must be treated further to make steel.

Gold

Gold has been a valuable and highly sought-after precious metal for coinage, jewellery, and other arts since long before the beginning of recorded history. Gold standards have been the most common basis for monetary policies throughout human history, being widely supplanted by fiat currency only in the late 20th century. Gold has also been frequently linked to a wide variety of symbolisms and ideologies. A total of 165,000 tonnes of gold have been mined in human history, as of 2009. This is roughly equivalent to 5.3 billion troy ounces or, in terms of volume, about 8500 m3, or a cube 20.4 m on a side. The world consumption of new gold produced is about 50% in jewellery, 40% in investments, and 10% in industry.

Besides its widespread monetary and symbolic functions, gold has many practical uses in dentistry, electronics, and other fields. Its high malleability, ductility, resistance to corrosion and most other chemical reactions, and conductivity of electricity lead to many uses of gold, including electric wring, coloured glass production and even gold leaf eating.

Rice

World trade figures are very different to those for production, as only about 5–6% of rice produced is traded internationally. The largest three exporting countries are Thailand, Vietnam, and the United States. Major importers usually include Bangladesh, the Philippines, Brazil and some African and Persian Gulf countries. Although China and India are the two largest producers of rice in the world, both countries consume the majority of the rice produced domestically, leaving little to be traded internationally.

There are many varieties of rice; for many purposes the main distinction is between long-, medium-, and short-grain rice. The grains of long-grain rice (high amylose) tend to remain intact after cooking; medium-grain rice (high amylopectin) becomes more sticky. Medium-grain rice is used for sweet dishes, for risotto in Italy and many rice dishes, such as arròs negre, in Spain. A stickier medium-grain rice is used for sushi; the stickiness lets the rice be moulded into a solid shape. Short-grain rice is often used for rice pudding.

Our extensive trade networks through Asia include various Rice mills and producers looking to secure new contracts for their produce. Buying networks cover the Middle East, Africa, Europe and Asia.

Commodities