Open consultation on IOSCO-audited non-ferrous price assessments, indices
Fastmarkets is inviting feedback from the industry on the methodology for its audited non-ferrous price assessments and indices, as part of its announced annual methodology review process.
The consultation, which is open until November 3, 2023, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for alumina, aluminium, cobalt, copper, lithium, spodumene, graphite and manganese ore, 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.
All our methodologies can be found here: https://www.fastmarkets.com/methodology/metals
The prices subject to this annual review are as follows:
MB-AL-0343 Aluminium P1020A (MJP) spot premium, cif Japan, $/tonne
MB-AL-0004 Aluminium P1020A premium, in-whs dp Rotterdam, $/tonne
MB-AL-0346 Aluminium P1020A premium, in-whs dup Rotterdam, $/tonne
MB-AL-0316 Aluminium P1020A premium, fca dp Italy, $/tonne
MB-AL-0020 Aluminium P1020A premium, ddp Midwest US, US cents/lb
MB-CU-0403 Copper grade A cathode premium, cif Shanghai, $/tonne
MB-NI-0244 Nickel sulfate min 21%, max 22.5%; cobalt 10ppm max, exw China, yuan/tonne
MB-CO-0004 Cobalt alloy grade, in-whs Rotterdam, $/lb
MB-CO-0021 Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets’ standard-grade cobalt price (low-end)
MB-CO-0020 Cobalt hydroxide 30% Co min, cif China, $/lb
MB-CO-0023 Cobalt hydroxide, min 30% Co, inferred, China, $/Ib
MB-CO-0005 Cobalt standard grade, in-whs Rotterdam, $/lb
MB-CO-0017 Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne
MB-MNO-0001 Manganese ore index, 44% Mn, cif Tianjin, $/dmtu
MB-MNO-0003 Manganese ore index, 37% Mn, cif Tianjin, $/dmtu
MB-MNO-0002 Manganese ore index, 37% Mn, fob Port Elizabeth, $/dmtu
Fastmarkets has started informally discussing a potential consultation on the chemical specifications of low-grade manganese ore with market participants. Fastmarkets will publish a notice with more detail about this at a later date. In the meantime, Fastmarkets welcomes any initial feedback on manganese ore specifications during this regular annual review of its IOSCO prices.
MB-LI-0029 Lithium carbonate 99.5% Li2CO3 min, battery grade, spot prices cif China, Japan & Korea, $/kg
MB-LI-0036 Lithium carbonate 99.5% Li2CO3 min, battery grade, spot price range exw domestic China, yuan/tonne
MB-LI-0033 Lithium hydroxide monohydrate LiOH.H2O 56.5% LiOH min, battery grade, spot price cif China, Japan & Korea, $/kg
MB-LI-0040 Lithium hydroxide monohydrate LiOH.H2O 56.5% LiOH min, battery grade, spot price range exw domestic China, yuan/tonne
MB-LI-0012 Spodumene min 6% Li2O, spot price, cif China, $/tonne
To provide feedback on the annual review of the above-listed prices, please contact email@example.com. Please add the subject heading ‘FAO: Juliet Walsh, Fleur Ritzema, re: audited non-ferrous IOSCO methodologies.’
Please specify if 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 annual review by 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/about-us/methodology.