Rare and Precious Metals

Rare Metals Refinery

Precious and rare metals are naturally occurring mineral elements.
Among the precious metals commonly used in currencies, jewelry, and as financial reserves are:

• Gold (Au)
  
• Silver (Ag)
  
• Platinum (Pt)
  
• Palladium (Pd)
  
  Other rare and valuable metals are used across various industries, though they are less common in nature. These include:
  
• Rhodium (Rh)
  
• Ruthenium (Ru)
  
• Osmium (Os)
  
• Iridium (Ir)
  
• Rhenium (Re)
  
• Indium (In)
  
• Cadmium (Cd)
  
  And many others play critical roles, particularly in the field of energy.
  
  Almas Group is considering a project to establish a Rare Metals Refinery in the United Arab Emirates, as well as acquiring rare metal mines in Africa. The plan involves extracting these metals from concentrated ores, transporting them from African mines, processing them into refined metal ingots, and offering them to international markets.
  
  Currently, the UAE hosts approximately 45 gold refineries, in addition to a single refinery for titanium extraction (although titanium is not classified as a precious metal). However, no refinery exists across the Arab world for the production of rare and precious metal ingots.
  
  The aim of this project is to position the UAE as the first country in the Middle East to produce ingots of rare metals. Demand for such metals is expected to grow significantly in the coming years, especially in the fields of energy, artificial intelligence, electronics manufacturing, aircraft engines, space exploration, medical equipment, jewelry, reserves, and even currencies.