That is what is called a "jump" trap, very common but out of production as far as I know. They were made by several manufacturers in sizes #1-#3, I used them back in the '70's. That one looks beyond use, heavily rusted.
Rich
The body of the detector made from carbon fiber would be lighter than the plastic one. The biggest problem is cost, carbon fiber is more labor intensive. It would be interesting to know what weight differences there would be between plastic and carbon fiber for coil housings
Rich