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Upon reviewing the methodology specifications for the above prices, Fastmarkets is proposing to:
Fastmarkets is proposing these changes to align the specifications for premiums with their corresponding all-in prices, and to ensure that all specifications accurately reflect prevailing market practice.
The new specifications would be as follows, with amendments in italics:
MB-ZN-0005 Zinc SHG min 99.995% ingot premium, ddp Midwest US, US cents/lbQuality: Min 99.995% special high grade zinc ingot, conforming to LME specifications and relevant BS EN 1179: 2003 standardsQuantity:Min 20 tonnes Location: ddp Midwest US Timing: Within 4 weeks Unit: US cents per pound Payment terms: 30 days, other payment terms normalized Publication: Weekly. Tuesday 3-4pm London time.
MB-ZN-0061 Zinc SHG min 99.995% ingot all-in price, ddp Midwest US, US cents/lbQuality:Min 99.995% special high grade zinc ingot, conforming to BS EN 1179: 2003 Quantity: Min 20 tonnesLocation: ddp Midwest USUnit: US cents per pound Payment terms: 30 days, other payment terms normalizedPublication: Daily Notes: London Metal Exchange cash zinc AM bid price plus Fastmarkets’ zinc premium.
MB-PB-0006 Lead 99.97% ingot premium, ddp Midwest US, US cents/lbQuality: Lead ingot of 99.97% to 99.99% purity conforming to LME specification BS EN 12659:1999, GB/T469/2005 or ASTM B29-03 (2009)Quantity: Min 20 tonnesLocation:ddp Midwest USTiming: Within 5 weeksPayment terms: 30 days, other payment terms normalized Unit: US cents per pound Publication: Monthly, First Tuesday 3-4pm London time.
MB-PB-0056 Lead 99.97% ingot all-in price, ddp Midwest US, US cents/lbQuality: Lead ingot of 99.97% to 99.99% purity conforming to LME specification BS EN 12659:1999, GB/T 469/2005 or ASTM B29-03 (2009) Quantity: Min 20 tonnesLocation: ddp Midwest US Delivery: Within 5 weeks Unit: US cents per pound Payment terms: 30 days, other payment terms normalized Publication: Daily Notes: London Metal Exchange cash lead AM bid price plus Fastmarkets’ lead premium.
MB-SN-0011 Tin grade A min 99.85% ingot premium, ddp Midwest US, $/tonneQuality: Min 99.85% purity (min) conforming to BS EN 610:1996, max 500ppm lead, total impurities must not exceed 0.15%Quantity: Min 20 tonnesLocation: ddp Midwest USTiming: Within 2 weeksPayment terms: 30 days, other payment terms normalized Unit: USD/tonnePublication: Monthly, first Tuesday 3-4pm London time.
MB-SN-0012 Tin grade A min 99.85% ingot all-in price, ddp Midwest US, $/tonneQuality: Ingot. Min 99.85% tin purity conforming to LME specification BS EN 610:1996 and ASTM grade A, max 500ppm lead, total impurities must not exceed 0.15%Quantity: Min 20 tonnesLocation: ddp Midwest USTiming: Within 2 weeksPayment terms: 30 days, other payment terms normalizedUnit: USD/tonnePublication: Daily.
MB-NI-0240 Nickel 4×4 cathode premium, delivered consumer works US, US cents/lbQuality: 4×4 cut cathode. 99.8% minimum primary nickel conforming to LME specification: ASTM B39-79 (2013) or GB/T 6516-2010 – Ni9990 grade specification: ASTM B39-79 (2013) or GB/T 6516-2010 – Ni9990 gradeQuantity: Min 20 tonnesLocation: Delivered consumer works, US Timing: Within 4 weeksPayment terms: 30 days, other payment terms normalizedUnit: US cents per pound Publication: Monthly, First Tuesday 3-4pm London time.
MB-NI-0241 Nickel briquette premium, delivered consumer works US, US cents/lbQuality: Briquette. 99.8% minimum primary nickel conforming to LME specification: ASTM B39-79 (2013) or GB/T 6516-2010 – Ni9990 grade specification: ASTM B39-79 (2013) or GB/T 6516-2010 – Ni9990 gradeQuantity: Min 20 tonnesLocation: Delivered consumer works, US Timing: Within 4 weeksPayment terms: 30 days, other payment terms normalizedUnit: US cents per pound Publication: Monthly, First Tuesday 3-4pm London time.
MB-NI-0242 Nickel 4×4 cathode all-in price, delivered consumer works US, US cents/lbQuality: 99.8% minimum primary 4×4 cut cathodes conforming to LME specification: ASTM B39-79 (2013) or GB/T 6516-2010 – Ni9990 grade specification: ASTM B39-79 (2013) or GB/T 6516-2010 – Ni9990 grade. Smaller cut cathode dimensions may be normalized. Quantity: Min 20 tonnes Location: Delivered consumer works US Delivery: Within four weeks Unit: US cents per pound Payment terms: 30 days, other terms normalized Publication: Daily Notes: London Metal Exchange cash nickel AM bid price plus Fastmarkets’ nickel 4×4 cathode premium.
MB-NI-0243 Nickel briquette all-in price, delivered consumer works US, US cents/lb Quality: 99.8% minimum primary nickel briquettes conforming to LME specification: ASTM B39-79 (2013) or GB/T 6516-2010 – Ni9990 grade specification: ASTM B39-79 (2013) or GB/T 6516-2010 – Ni9990 grade Quantity: Min 20 tonnes Location: Delivered consumer works USUS Delivery: Within four weeks Unit: US cents per pound Payment terms: 30 days, other terms normalized Publication: Daily Notes: London Metal Exchange cash nickel AM bid price plus Fastmarkets’ nickel briquette premium.
These prices are a part of the Fastmarkets base metals package.
The consultation period for this proposed amendment starts from September 10, 2025 and will end on October 8, 2025. The amendment will then take place, subject to market feedback, on October 10, 2025.
To provide feedback on the proposal, or if you would like to provide price information by becoming a data submitter to this price, please email pricing@fastmarkets.com. Please add the subject heading “FAO: Rae Boyadjis, re: US base metals prices”.
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 https://www.fastmarkets.com/about-us/methodology.