Ingot

n. mass of cast metal (especially of gold or silver)

An Ingot is a metal that is solid moulded into simple shape, similar to the final product. It requires a second procedure of shaping, by means of cold/hot working to produce the final product. They involve relatively simple procedures. However this only works for simple objects, such as shaping a bar ingot into a mallet tip. The advantages are low initial costs for producing the moulds. If cold worked, it can also improve hardness in the second procedure, an advantage for such things as the mallet tip. However more input energy is required for the final object if hardness (by cold working) is not required.
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Noun
1. a block of metal that is cast in a particular shape for convenient handling
(synonym) metal bar, block of metal
(hypernym) block
(hyponym) bullion

n. ingot, mass of cast metal (especially of gold or silver)

(n.)
That in which metal is cast; a mold.
  

(n.)
A bar or wedge of steel, gold, or other malleable metal, cast in a mold; a mass of unwrought cast metal.