An accomplished investment and management executive with a career spanning two decades, David D'Addario serves as chairman and CEO of Dada Holdings in Fort Lauderdale, Florida. David D'Addario’s expertise extends to various areas of the ferrous and non-ferrous metals sector.
Lithium is a popular non-ferrous metal raw material sought after by battery manufacturers. There are two types of lithium-made batteries: lithium batteries and lithium-ion batteries. Lithium batteries are virtually disposable batteries because they are often not rechargeable. Batteries like lithium batteries that cannot be recharged after use are called primary cell batteries. Lithium batteries hold more power and last longer than many rechargeable batteries, partially compensating for their single-use compatibility. Lithium-ion batteries are advanced secondary cells. As a secondary cell, a lithium-ion battery can be recharged multiple times after use. Lithium-ion batteries don't have to be flat before recharge. A user may recharge the battery at any time after use, even if there's some power left in the battery. This removes the memory effect, which deteriorates some batteries due to frequent charging. Most home electronics, such as smartphones, laptops, and cameras, are powered by lithium-ion batteries. Lithium-ion batteries also have in-built battery monitors that regulate battery voltage, temperature, and the state of battery charge.
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David D'Addario is a Yale graduate and Florida resident. He is a seasoned expert in the commodity market who has led DADA Holdings LLC as its chairman and CEO since its inception. Besides his passion for running his businesses, David D'Addario is interested in recycling metals.
The difference between ferrous metals and non-ferrous metals is the presence of iron. Non-ferrous metals do not contain iron; some are aluminum, zinc, copper, and nickel. Both ferrous and non-ferrous metals can be recycled without losing their original properties. Recycling non-ferrous metals provide both economic and environmental benefits. Two methods can help in recycling non-ferrous metals. Firstly, with electrowinning, non-ferrous metals can be recycled. This is a method of extracting dissolved metals with electricity. This method puts the non-ferrous metal in a liquid solution where it dissolves. Then, with the help of electrodes included in the solution, an electric current will pass and make the metal create a flat layer on the surface of the electrode. With this method, metals like aluminum and copper become reusable. The next method is precipitation, which is used to recover non-ferrous metals from aqueous waste solutions. Precipitation, in this case, involves creating a solid material from what was previously an aqueous waste solution. David D'Addario is an accomplished investment executive who has held leadership positions in the metals and metal-recycling industries over the last three decades. Since 2001, David D'Addario has served as the chairman and chief executive officer of Fort Lauderdale, Florida-based DADA Holdings.
In 2021, multi-industry investment firm Dada Holdings announced its intention to sell a fraction of one of its holdings (New Day Aluminium Holdings LLC) to Concord Resource Ltd., a global commodity merchant trader with a diverse portfolio in the ferrous metal space. The contract involves expanding Concord's portion of equity stakes in New Day while DADA remains the principal owner of New Day shares. New Day was the parent of Noranda Bauxite, NICHE Industrial Chemicals, and Noranda Alumina. Per the contract, DADA holdings remains the principal owner of most of New Day's assets in France and England. New Day Aluminium Holdings was renamed Atlantic Alumina Company (ATALCO) in the final quarter of 2021. An accomplished business leader with a three-decade career in the metals industry, David D'Addario serves as the chairman and CEO of DADA Holdings, a prominent investment, and management company headquartered in Fort Lauderdale, Florida. Under David D'Addario’s direction, DADA Holdings has partnered with key players in the global ferrous and non-ferrous metal markets.
Ferrous metal is a metallic material that contains iron. It can be pure iron or an alloy (a material derived by mixing iron with carbon or some other material). Steel is the most common ferrous alloy. Ferrous metals are typically magnetic, strong, and recyclable. Additional properties depend on the category of ferrous metal. Stainless steel is resistant to rust, cast iron is self-lubricating and brittle, and high carbon steel is extremely strong. Ferrous metals have wide applications in various industries - from electronics and automobiles to the aerospace industry. For example, automobile gears and shafts, nuts, and bolt girders are made from ferrous metals. Some examples include plumbing fitting, cutlery, garden tools, wires, and springs. Stainless steel is an invaluable component of most aircraft parts. |
AuthorDavid D'Addario - Growth-Focused Metals Executive. Archives
October 2023
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