First Metal Auctioneers of the Phil. Inc. (FMI) is registered as a stock corporation with the Securities and Exchange Commission of the Philippines, under the business category of Other Wholesale. FMI buys scrap gold, silver, and platinum and even refined jewelries from various retailers, and also buys auctioned jewellery from pawnshops in the Philippines. FMI is primarily focused in the Luzon region, with special focus in Bulacan, and the CALABARZON area. The Company also wants to explore business opportunities in Central Visayas and the Zamboanga region in the future. Scrap metals are analysed and are sold to jewellery and electronic manufacturers abroad.