PRICING NOTICE: Open consultation on IOSCO-audited non-ferrous price assessments, indices

Fastmarkets MB is inviting feedback on its audited non-ferrous price assessments and indices, as part of its annual methodology review, in compliance with IOSCO principles for price reporting agencies (PRAs).

The consultation, which is open until October 31, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for the alumina, aluminium, cobalt, copper, lithium and manganese ore markets they cover while complying with the principles of the International Organization of Securities Commissions (IOSCO) – including all elements of our pricing process, our price specifications and publication frequency.

The prices subject to this annual review are as follows:

Base metals 
Alumina 
Alumina index adjustment to fob Australia index, Brazil, $/tonne
Alumina index, fob Australia, $/tonne 

Aluminium
Aluminium P1020A (MJP) spot premium, cif Japan, $/tonne
Aluminium P1020A premium, in-whs dp Rotterdam, $/tonne
Aluminium P1020A premium, in-whs dup Rotterdam, $/tonne
Aluminium P1020A premium, US Midwest delivered, cents/pound 

Copper 
Copper grade A cathode premium, cif Shanghai, $/tonne 

Copper concentrates
Copper concentrates TC/RC index, cif Asia Pacific, $/dmtu

Minor metals, ores & alloys 
Cobalt
 
Cobalt alloy grade, in-whs Rotterdam, $/lb
Cobalt hydroxide payable indicator, cif China, $/lb
Cobalt standard grade, in-whs Rotterdam, $/lb 

Manganese ore
Manganese ore 44% Mn, cif Tianjin, $/dmtu
Manganese ore index 37% Mn, cif Tianjin, $/dmtu
Manganese ore index 37% Mn, fob Port Elizabeth, $/dmtu

Industrial minerals 
Lithium
Lithium carbonate min 99.5% Li2CO3, battery grade, spot price cif China, Japan & South Korea, $/kg
Lithium Carbonate min 99.5% Li2CO3, battery grade, spot price ex-works China, CNY/tonne
Lithium Hydroxide Monohydrate min 56.5% LiOH.H2O, battery grade, spot price cif China, Japan & South Korea, $/kg
Lithium Hydroxide Monohydrate min 56.5% LiOH.H2O, battery grade, spot price ex-works China, CNY/tonne

The methodology and product specifications for other Fastmarkets non-ferrous price assessments and indices were covered by the open consultation here

To provide feedback on the annual review of the above-listed prices, please contact pricing@fastmarkets.com. For feedback or comment related to base metals, please add the subject heading ‘FAO: Archie Hunter, re: audited base metals methodologies.’ For feedback or comment related to minor metals, ores & alloys, please add the subject heading ‘FAO: Charlotte Radford, re: audited MOA methodologies.’ For feedback or comment related to industrial minerals, please add the subject heading ‘FAO: Davide Ghilotti, re: audited IM methodology.’

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 6, including a summary of the feedback unless 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.

What to read next
Saudi Arabia, through its spearheading of a mining and minerals production and consumption push in the Middle East, a region usually associated with oil and gas, is leading neighboring countries to increase their presence in the base metals markets
Indonesia is preparing to invest more in its aluminium supply chain as part of its wider critical metals strategy, Fastmarkets understands
Market sentiment remain mixed on whether the investigation will impact aluminium prices and production
Aluminium premiums in all key regions remained well-supported in the week to Tuesday June 18, amid ongoing reports of tight availability, while market participants in Europe and Asia are focusing on ongoing negotiations for Japanese third-quarter supplies
The Kingdom of Saudi Arabia’s (KSA) ambitious plan to diversify away from oil and into metals will increase local nickel consumption and fund international mining projects, given recent massive investments in nickel-intense industries
Fastmarkets proposes to amend the name of the MB-AL-0231 Aluminium P1020A all-in price, delivered Midwest US, US cents/lb to clarify that the price is based on the London Metal Exchange cash aluminium price.