Final decision on open consultation on non-ferrous methodology
Fastmarkets invited feedback from the industry on its non-ferrous and industrial minerals methodologies, via an open consultation process between October 5 and November 3. This consultation was done as part of our published annual methodology review process.
The consultation sought to ensure that our methodology continues to reflect the physical markets in base metals, minor metals, ores and alloys and industrial minerals. This includes all elements of our pricing process, our price specifications and the publication frequency. View the consultation here.
The consultation closed on November 3, with no new comment or feedback received suggesting that any material change is required to the existing methodology, with the exception of chrome ore. A separate consultation on chrome ore was launched on September 21 and closed on November 2. View the outcome here.
A further consultation on a proposal to discontinue two inferred chromite price assessments was launched on November 8. View the open consultation here.
Fastmarkets has in the past month also launched a consultation inviting feedback on a potential discontinuation of its lithium contract price assessments to reflect the evolving lithium marketplace, where long-term contract negotiations are increasingly linked to spot price indexation. View the open consultation here.
No other price consultations will be opened as a result of this consultation at this stage. Fastmarkets invites feedback on a continuing basis throughout the year.
To provide comment or feedback on the content of the non-ferrous or industrial minerals methodologies, or if you would like to provide price information by becoming a data submitter to these prices or indices, please email firstname.lastname@example.org. Please add the subject heading ‘FAO: Fleur Ritzema/Juliet Walsh, re: Non-ferrous methodology.’
To see all Fastmarkets’ pricing methodology and specification documents, please go to www.fastmarkets.com/methodology.