Even though gold has been the reigning champ concerning precious metals for a long time, there is one nonprofit emerging that sees a new metal, perhaps far more precious than gold. This metal, literally, saves lives.
A metal derived from melting seized, illegal firearms, Humanium Metal is a part of an IM Sweedish Development Partner initiative. This development organization focuses on combating violence, poverty, and even social exclusion.
According to a senior policy advisor for the initiative, Peter Brune, the company takes scrap metal and turns it into the most valuable metal on Earth. Brune continued saying human life cannot be measured in gold, but with this new metal, it is possible to save lives.
This initiative began back in2016 when Brune worked in the Central American Small Arms Control program. This initiative involved the destruction of illegal firearms in Latin America. The scrap from these metal weapons was dumped into the Pacific Ocean, prompting Brune to find a better solution for dealing with the scrap metal.
While he worked with IM, Brune began the demo product Humanium Metal Ingot. He initially sold 100 bars at an unbelievable price of about 5,000 euro.
Brune explains there is also a symbolic value to the ingots he sold. Each one weighed equal to an AK-47. The same weight, but with a purpose towards aiding humans rather than harming them.
How does the process for Humanium Metal work?
Brune and his team work with the government of El Salvador who supplies them with firearms to create this metal. In return, IM gains partners with those that use metal in marketable products such as tech gadgets, jewelry, and watches. The proceeds for these items are then invested back into the country.
Brune explains that they are attempting to gain access to other countries who could help supply them with the raw material for Humanium Metal. The donations from other countries are important because Brune says they will never purchase firearms for this purpose. The only way they receive these seized firearms is by contributions from the government that destroyed the illegal products. When donated, IM promises to reinvest the premium generated, back into the countries economies.
In the last three years, El Salvador has given more than 4,500 firearms to IM to create this new precious metal.
As of now, the initiative holds six brand partners such as Stockholm-based Yevo. This innovative lab has promised to create items with the new metal.
What’s next for this new precious metal?
Brune claims there are three main avenues in which their initiative can push forward.
IM has had to deal with the challenge of obtaining a constant supply of Humanium Metal. To keep up their business, they need to partner with more governments who are seizing illegal firearms.
Currently, negotiations are in process with countries such as Honduras and Brazil.
The second option they are exploring is new uses for the metal.
The ingots are no longer for sale, as they were for demonstration purposes only. Instead, the steel from these firearms is crushed into powder form. This way, brands are using it to create 3D printed products.
Brune’s primary goal now, however, is to partner with global-reaching brands. Even though he mentioned he is currently in negotiations, he is not yet able to reveal the names of these brands.
Brune claims this is not merely a campaign but is a long-term initiative. He says that Humanium is a commodity for peace.