The MMIH Group is an enterprise headquartered in Singapore with minerals exploration and mining interests in the Philippines and other geographies in Southeast Asia. The group boasts a diverse and talented board of directors and industry experts with decades of experience between them.
Gold is a rare and precious metal. Homer of “Iliad and Odyssey” even said that gold is the glory of the immortals and a sign of wealth among humans. Though it has become a status symbol, people buy gold for deeply personal reasons ranging from emotional, financial and cultural factors.
Over the years, Gold has also become an essential part of various industries and businesses that in the current era of technology impact people’s everyday lives. Gold is present in almost every electronic device from mobile phones to computers. Through microchips, every mobile phone has at least 50 milligrams of gold, according to World Gold Council. This may be a tiny amount, but in almost one billion mobile phones produced every year, that is equivalent to $500 million worth of gold.
This is because gold is a reliable conductor, allowing fast transmission of data between devices. Of all conductors, gold is considered as one of the most durable because it doesn’t corrode. Due to these qualities, gold is also a metal of choice for other industries like medicine, dentistry and technology.
Gold is also a perfect investment, an integral part of a diversified portfolio as its value has been increasing over time. ANZ Banking Group forecasts gold at $2,400 an ounce for 2030 due to rising demands from Asia and global central banks. This price is expected to rise gradually breaking records within the next decade.
Copper is the third most-consumed industrial metal in the world, according to US Geological Survey, and it has been known to mankind for a very long time.
The oldest metal object discovered in the Middle East was made of copper dating back as far as 5100 BC. It was one of the first metals ever extracted and used by humans more than 10,000 years ago. During the ancient civilization known as the Bronze Age, metal objects made of bronze was widely used which is made of copper and tin. US coins used to be purely made of copper until 1982. Now, coins are made of 97.5 percent zinc and 2.5 percent copper.
Modern world would not function as it should be without copper as it is widely used in construction, electronics, power generation and transportation. Copper is the most effective conductor of electricity, and with its corrosion resistance property and ductility, this makes copper ideal for electrical wiring.
All electrical wiring, excluding the overhead powerline which are made of aluminum, are made of copper, which is an integral component of appliances and telecommunications used in people’s everyday lives.
Copper is also an essential component of the motors and wiring used in cars and trucks. According to US Geological Survey, if all the copper wiring in an average car were laid out, it would stretch 1.5 km long. Over the years, there’s an increasing demand for copper due to technological advances in the automotive and transportation industry.
When it comes to the future of technology and industry, copper is no doubt critical. Analysts at Matmatch, a materials database company in Germany forecasted that the estimated global market of copper in 2023 will skyrocket to $172 billion.