Become a customer

Open consultation on Fastmarkets’ non-ferrous materials methodology

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

September 30, 2022
By Juliet Walsh
Base metals Pricing consultations Pricing notice

This consultation, which is open until Friday October 28, 2022, seeks to ensure that our methodology continues to reflect the physical market in base metals, minor metals, ores and alloys, in compliance with the International Organization of Securities Commissions (IOSCO) principles for PRAs. This includes all elements of our pricing process, our price specifications and publication frequency.

On September 30, Fastmarkets issued a pricing notice to clarify its current methodological approach to Russian brands in its metals and mining pricing assessment process. Fastmarkets’ methodologies currently include Russian brands in the pricing process.

View the Fastmarkets non-ferrous methodology here: https://fastmarkets.com/uploads/a3/cb/b5394daf4315b163e473a1ac109b/fm-mb-non-ferrous-methodology-specifications.pdf

To provide feedback on the annual review of our non-ferrous methodology, or if you would like to provide price information by becoming a data submitter to the prices or indices, please contact Fastmarkets by email at pricing@fastmarkets.com.

For feedback or comment related to base metals, please add the subject heading ‘FAO: Alice Mason/Chris Kavanagh/Jingtai Lun, re: Non-ferrous methodology.’

For feedback or comment related to minor metals, ores and alloys, please add the subject heading ‘FAO: Janie Davies/Jingtai Lun/Chris Kavanagh, re: MOA methodology.’

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 Friday November 4, 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 for the industry.

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

What to read next
Delayed publication of black mass, NCM/NCA, payable indicator US
The publication of Fastmarkets’ MB-BMS-0014 Black mass, NCM/NCA, payable indicator, cobalt, domestic, exw USA, % payable Fastmarkets’ standard-grade cobalt price assessment and MB-BMS-0015 Black mass, NCM/NCA, payable indicator, nickel, exw USA, % payable LME Nickel cash official price assessment for Wednesday November 20 was delayed due to reporter error. Fastmarkets’ pricing database has been updated.
November 22, 2024
 · 
By Sean Barry
Correction to rationale, trade log for battery-grade lithium hydroxide, CIF CJK, November 22
Fastmarkets has corrected the rationale and trade log for MB-LI-0033 lithium hydroxide monohydrate LiOH.H2O 56.5% LiOH min, battery grade, spot price, cif China, Japan & Korea, which was published incorrectly on Friday November 22.
November 22, 2024
 · 
By Ewan Thomson
Amendment to frequency of exw China battery-grade lithium carbonate, hydroxide assessments: pricing notice
Market feedback shows that these two commodities see active spot liquidity and great price volatility. Therefore, a higher assessment frequency enables Fastmarkets to reflect their spot market dynamics in a more timely manner. The new specifications for the prices are as follows, with the amendment in italics: MB-LI-0036 Lithium carbonate 99.5% Li2CO3 min, battery grade, […]
November 22, 2024
 · 
By Zihao Li
Proposal to reduce frequency, increase timing window of US low-carbon aluminium differentials
Fastmarkets proposes to lower the frequency of its assessments for MB-AL-0389 aluminium low-carbon differential P1020A, US Midwest and MB-AL-0390 aluminium low-carbon differential value-added product US Midwest. Fastmarkets also proposes to extend the timing window of these same assessments to include any transaction data concluded within up to 18 months.
November 21, 2024
 · 
By Yasemin Esmen
Clarification of methodology for aluminium P1020A (MJP) spot premium
Fastmarkets wishes to clarify details around the following aspects of the pricing methodology for MB-AL-0343 aluminium P1020A (MJP) spot premium, cif Japan, $ per tonne.
November 21, 2024
 · 
By Jingtai Lun
Correction to aluminium scrap, old sheet (Taint/Tabor), cut sheared, 5-8% attachments, cif India
Fastmarkets has corrected its MB-AL-0399 aluminium scrap, old sheet (Taint/Tabor), cut sheared, 5-8% attachments, cif India price assessment, which was published incorrectly on Wednesday November 20.
November 20, 2024
 · 
By Aameer Sayed