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Fastmarkets has launched three new critical minerals prices on Friday May 1 to improve transparency in the US market.
The additional prices are:
MB-BI-0004 – Bismuth 99.99%, ddp US, $/lbMB-IN-0005 – Indium 99.99%, ddp US, $/kgMB-GA-0003 – Gallium 99.99%, ddp US $/kg
The launch of the bismuth and indium price assessments follow a consultation period that ended on April 24 and Fastmarkets has also launched a new gallium price assessment for the same region.
The new assessments support localized US pricing in response to US Section 301 tariffs, export controls and the impact of increased US government funding to support domestic and allied supply chains. These assessments complement Fastmarkets’ existing benchmarks in Europe and China and reflect the growing regionalization of critical minerals markets.
The specifications of the new assessments are as follows:
MB-BI-0004 – Bismuth 99.99%, ddp US, $/lbQuantity: Min 1 tonneIncoterm: DDPLocation: United StatesSpecification: Ingot. Bi 99.99%, no other elements specified.Unit & currency: USD/lb, normalized to cash-equivalent payment terms.Delivery period: Prompt release, within 10 calendar daysData window: Friday 10am every fortnight to the next fortnight Friday 10am, New York time.Frequency: Fortnightly, Friday 10-11am New York time. Follows non-ferrous metals price reporting holiday schedule
MB-IN-0005 – Indium 99.99%, ddp US, $/kgQuantity: Min 100 kgIncoterm: DDPLocation: United StatesSpecification: Ingots, usually between 0.5kg and 3.5kg; also 10kg ingots. In 99.99%, no other elements specified.Unit & currency: USD/kg, normalized to cash-equivalent payment terms.Delivery period: Prompt release, within 10 calendar daysData window: Friday 10am every fortnight to the next fortnight Friday 10am, New York time.Frequency: Fortnightly, Friday 10-11am New York time. Follows non-ferrous metals price reporting holiday scheduleMB-GA-0003 – Gallium 99.99%, ddp US, $/kgQuantity: Min 100 kg (+/- 2%)Incoterm: DDPLocation: United StatesSpecification: Ingot. Ga 99.99%, no other elements specified.Unit & currency: USD/kg, normalized to cash-equivalent payment terms.Delivery period: Prompt release, within 10 calendar daysData window: Friday 10am every fortnight to the next fortnight Friday 10am, New York time.Frequency: Fortnightly, Friday 10-11am New York time. Follows non-ferrous metals price reporting holiday schedulePlease send any questions or comments to pricing@fastmarkets.com and minormetals@fastmarkets.com. Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets pricing methodology and specification documents, go to the Fastmarkets methodology page.