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Open consultation on Fastmarkets’ non-ferrous materials, industrial minerals methodologies

Fastmarkets is inviting feedback from the industry on its pricing methodology and product specifications for non-ferrous materials and industrial minerals, as part of its announced annual methodology review process.

October 8, 2024
By Janie Davies
Base metals Industrial minerals Pricing notice

This consultation, which is open until Wednesday November 6, 2024, seeks to ensure that our methodologies continue to reflect the physical markets in base metals, minor metals, ores & alloys, rare earths and industrial minerals, in compliance with the International Organization of Securities Commission (IOSCO) principles for price reporting agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.

View the Non-ferrous Metals methodology here: fm-mb-non-ferrous-methodology-specifications.pdf

View the Rare Earths methodology here: fm-mb-rare-earths.pdf

View the Chrome Ore Index methodology here: – fm-mb-chrome-ore-index.pdf

View the Industrial Minerals methodology here: fm-im-industrial-minerals.pdf

The following prices are also currently subject to separate live consultations: 

MB-LI-0038 lithium hydroxide monohydrate LiOH.H2O 56.5% LiOH min, technical and industrial grade, spot price range exw domestic China, yuan/tonne

MB-AL-0052 aluminum 6063 extrusion billet premium, delivered Midwest US, US cents/lb

Please send responses in writing, preferably in electronic format, to the following address: pricing@fastmarkets.com. Please add the subject heading “FAO: Janie Davies/Jon Stibbs re: Non-ferrous and industrial minerals methodologies.” Please specify whether your response is confidential. Opinions offered in confidential responses may be referenced but will not be attributed in any way.

Fastmarkets will publish the outcome of this methodology review by November 11, 2024, including a summary of the feedback – with the exception of those responses marked as confidential. Any proposals to make material changes, discontinue or launch prices will involve a separate market consultation, the length of which will depend on how substantial the change is.

To see all Fastmarkets’ pricing methodology and specification documents, go to: https://www.fastmarkets.com/methodology/metals

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