Electrum
From DwarfFortressWiki
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Electrum bars can be made at a smelter by a dwarf with the furnace operating labor activated.
One gold bar and one silver bar, or one gold nugget and one silver ore (but not a mix of bars and ore), produces two electrum bars. Smelting bars together gains you no net value, as you use a value 30 and value 10 material to produce two units of value 20, but smelting the ore direct to two bars saves you a unit of fuel if you don't have access to magma.

