Proposal to amend nickel low-carbon briquette premium, cif global price assessment

Fastmarkets invites further feedback on proposed amendments to its newly launched MB-NI-0256 Nickel low-carbon briquette premium, cif global, price assessment.

Following the conclusion of the recent consultation and subsequent launch of the low-carbon nickel briquette premium, Fastmarkets invites further engagement on feedback suggesting the potential inclusion of additional metrics for measuring sustainability and including other shapes of nickel.

As this is a rapidly developing market, Fastmarkets understands the importance of continued review of its pricing specifications to ensure that the price accurately reflects the needs of the market, and its open and competitiveness.

The two primary areas of the price specification under review are expanding the number of nickel metal shapes included in the price assessment, along with the environmental, sustainability and governance (ESG) metrics used to qualify material for the price assessment.

The inclusion of more nickel metal shapes would increase the liquidity captured in the price assessment, while the additional ESG metrics would further tighten the standards for qualification to ensure a more transparent price assessment.

The proposed amended specification will be as follows (proposed amendments in italics)

MB-NI-0256 – Nickel low-carbon metal premium, cif global, $/tonne
Quality: Briquette, pellets, rounds or powder, 99.80% min primary nickel: ASTM B39-79 (2013) or GB/T 6516- 2010 – Ni9990 grade
Carbon Limit: 18tCO2e per tonne of nickel briquette produced, Scope 1 and 2 emissions, measured following ISO14040 standards or via a independent third party lifecycle assessment (LCA).
Additional ESG factors: All assets and third-party feeds should be in compliance to ICMM’s Mining Principles and Towards Sustainable Mining, as well as the Initiative for Responsible Mining (IRMA).
Quantity: Min 20 tonnes
Location: CIF global premium, premium on top of exchange or trade platform listed nickel price
Timing: Up to 12 months
Unit: USD/tonne
Publication: Monthly, first working day of the month, 4pm London time
Notes: Price will follow the UK pricing calendar and will be assessed from London. Sanctioned material will not be considered for the price assessment.

This price is part of the Fastmarkets base metals package.

The consultation period for this proposed amendment starts from May 1 and will end on May 29. The amendment will then take place, subject to market feedback, on June 3.

To provide feedback on this price or if you would like to provide price information by becoming a data submitter to this price, please contact Callum Perry by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Callum Perry, re: low-carbon nickel briquette premium.”

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.

What to read next
This strategic launch is intended to offer the market a single reference price denoting the differential between US Midwest rebar and heavy melting-grade scrap, a key component in the production of that grade. Details of the previous launches can be found via this link. The methodology specification for this differential is: MB-STE-0930 Steel reinforcing bar […]
Vale Base Metals plans to boost annual copper production to 700,000 tonnes by 2035, aiming to become a top-five global producer of nickel and copper. CEO Shaun Usmar highlights a focus on productivity, cost optimization and sustainable growth. With strong assets in Canada and Brazil, Vale is well-positioned to meet rising global demand.
Fastmarkets has concluded its annual industry consultation and will add new straight-length assessments for Eastern S-P-F #1&2 2x4 and 2x6 8’-16’ delivered Toronto. Fastmarkets will also assess an adder for Southern Yellow Pine #2 Prime 2x4, 2x6, and 2x8.
The last assessments for the LWC and MWC rotogravure grades will be published on July 17. The prices will be discontinued on August 21. The affected prices are: FP-GP-0027 LWC rotogravure reels 60-g, France, €/tonne FP-GP-0026 LWC rotogravure reels 60-g, Germany, €/tonne FP-GP-0083 LWC rotogravure reels 57-g, Germany, €/tonne FP-GP-0082 LWC rotogravure reels 54-g, Germany, €/tonne FP-GP-0086 MWC rotogravure reels […]
The prices affected are: FP-CTB-0001 Brazil Kraftliner 120-150 g/m2, FOB Mill FP-CTB-0002 Brazil White top liner 130-200 g/m2, FOB Mill FP-CTB-0003 Brazil Fluting 120 g/m2, FOB Mill FP-CTB-0004 Brazil Testliner 120-130 g/m2, FOB Mill FP-CTB-0005 Mexico Recycled Medium, 120-180 g (domestic) FP-CTB-0006 Mexico Recycled Linerboard, 130-180 g (domestic) Brazil Kraftliner 120-150 g/m2, FOB Mill; Brazil […]
This strategic launch is designed to offer the market a single reference price denoting the differential between hot-rolled steel products and the key benchmark scrap and raw materials composite in the production of those grades. The methodology grades for these differentials are as follows: MB-STE-0928 Steel hot-rolled coil index, differential to No1 busheling Chicago, fob mill […]