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

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.

This consultation, which is open until Friday November 3, 2023, seeks to ensure that our methodology continues to reflect the physical market in base metals, minor metals, ores and alloys, and industrial minerals, in compliance with the International Organization of Securities Commissions (IOSCO) principles for price reporting agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.

View the Fastmarkets non-ferrous methodology here: Metals: Non-ferrous metals – Fastmarkets

View the Fastmarkets chrome ore index methodology here: Metals: Chrome Ore Index – Fastmarkets

View the Fastmarkets industrial minerals methodology here: Metals: Industrial minerals – Fastmarkets

To provide feedback on the annual review of our 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 please add the subject heading ‘FAO: Fleur Ritzema, Juliet Walsh re: Non-ferrous and industrial minerals 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 Wednesday November 8, 2023, 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
Fastmarkets is launching two price assessments for palm oil mill effluent (POME) for loading out of ports in Malaysia in Indonesia, to meet growing interest from biofuel producers and consumers in Europe and other parts of Asia. The first publication of these two price assessments will be on Thursday December 4 and will be published […]
Fastmarkets proposes to amend the methodology for assessing sustainable aviation fuel (SAF) base cost of production in the US, effective January 5, 2026.
Fastmarkets wishes to clarify the conversion factor for Singapore Exchange (SGX) iron ore derivative forward curves data used to assess its low-grade and high-grade iron ore indices.
Following consultations and expressions of support from a broad range of market participants, Fastmarkets has decided to launch new price assessments of northern bleached softwood kraft (NBSK) and bleached eucalyptus kraft (BEK) pulp spot prices for Europe, starting in January 2026.
Fastmarkets will include EU Carbon Border Adjustment Mechanism (CBAM) costs in its secondary aluminium billet premium, ddp Europe (MB-AL-0383) and its primary aluminium 6063 extrusion billet premium, in-whs dp Rotterdam (MB-AL-0002) assessments from January 1, 2026, when the definitive period of the EU’s CBAM is set to begin. The inclusion of CBAM costs with MB-AL-0383 and MB-AL-0002 will enable […]
The decision follows a consultation period that started on October 28 and ended on November 25. The price assessments in question are:MB-STS-0008 Stainless steel scrap 18/8 solids, import, cif main European port, € per tonneMB-STS-0009 Stainless steel scrap 18/8 turnings, import, cif main European port, € per tonneMB-STS-0261 Stainless steel scrap 316 solids, import, cif main European port, € per […]