What is a metric ton (or tonne)?
A metric ton, also known as a tonne, is a unit of mass in the metric system equal to 1,000 kilograms or approximately 2,204.62 pounds. It is commonly used in international trade and commerce as a standard unit for measuring large quantities of goods such as minerals, agricultural products, and industrial materials. The metric ton is preferred over the traditional ton (short ton) in most countries due to its simplicity and consistency with the metric system.
The metric ton is widely used in industries such as shipping, manufacturing, and agriculture for its ease of conversion and compatibility with other metric units. It is important to note that the metric ton should not be confused with the ton (short ton) used in the United States, which is equivalent to 2,000 pounds.
What are Troy Ounces?
Troy ounces are a unit of measurement commonly used in the precious metals industry, particularly for weighing gold, silver, and other precious metals.
One troy ounce is equivalent to approximately 31.1035 grams, which is slightly heavier than a standard avoirdupois ounce. The term "troy" originates from the city of Troyes in France, where this unit of measurement was historically used in the trade of precious metals.