The term "base metal" refers to any metal that is not a precious metal. It is less expensive than precious metals and is more widely available. This is why it is the principal element in most alloys. While many base materials are not valuable, they are still essential for making things. They can also be a great investment option, as they're available and cheap. For instance, in February 2022, the North American Securities Administrators Association (NASAA) filed a mutual civil enforcement action in the U.S. District Court for the Central District of California regarding the increasing cases of illegal extraction of base metals in the state.
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