Argus Non-Ferrous Markets
Independent price assessments, expert analysis and market intelligence across global base metals, minor metals, ferro-alloys and rare earths markets.
Overview
Argus Non-Ferrous Markets is a price reporting service that delivers independent price assessments, expert market commentary and news across global base metals, minor metals, ferro-alloys and rare earths markets. The service covers physical market prices, average price indexes and forward assessments across key geographies, published at frequencies aligned to market liquidity.
At a glance
- Base metals, minor metals, ferro-alloys and rare earths coverage.
- Physical spot prices, month-to-date and final-month indexes.
- Benchmarks used in contracts and commercial agreements.
- Supports procurement, hedging and trading decisions.
- Delivered via portal, data feed, API and daily PDF.
- Expert news and commentary on global market developments.
Speak to a specialist
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Key features
Independent price assessments
Argus publishes physical market prices for base metals, minor metals, ferro-alloys and rare earths, reflecting repeatable spot trade across key global locations and specifications.
Average price indexes
Month-to-date and final-month average indexes are published alongside outright prices, calculated from the full set of assessments published within each calendar month.
Global market coverage
Assessments span base metals, minor metals, ferro-alloys, rare earths, stainless steel and super alloys, covering key trading hubs across Asia, Europe and the Americas.
Forward assessments
Forward assessments are published for select markets, enabling subscribers to track deferred pricing and manage risk across physical procurement and derivative positions.
Transparent methodology
Every assessment follows a published methodology constructed to reflect how the market trades, applying transactions, bids, offers and editorial judgment to ensure reliability.
Flexible data delivery
Prices, news and analysis are accessible via the client portal, electronic data files, third-party integrators and a daily PDF report, making it easy to incorporate this information into existing workflows.
How Argus assesses non-ferrous markets
- Specialist reporter survey
Specialist reporters gather data from producers, consumers, traders and brokers via phone, email and instant messaging.
- Transaction verification
Deals are verified for price, volume, specifications and counterparty to confirm repeatable, arm's-length market activity.
- Illiquid market assessment
Where spot trades are absent, reporters apply judgment using bids, offers, exchange prices and supply-demand fundamentals.
- Assessment specifications
Each assessment sets minimum lot sizes, delivery, timing and quality specifications, ensuring market-reflective price accuracy.
- Transparent publication
Prices and deal tables are published in the daily report, enabling subscribers to cross-check assessments against market data.
Who uses this service
Mining companies and metal producers
- Anchor sales contracts to independent, market-based price benchmarks.
- Reduce pricing disputes and build transparency with downstream buyers.
- Monitor premiums and feedstock costs to protect margins.
Traders and intermediaries
- Identify arbitrage opportunities across global non-ferrous markets.
- Manage risk and time trades using impartial, verified price data.
- Support deal negotiations with trusted, widely referenced indexes.
Manufacturers and industrial buyers
- Link procurement contracts to independent non-ferrous price benchmarks.
- Manage exposure to price volatility in opaque and concentrated markets.
- Support long-term supply planning using forward price assessments.
Magnet manufacturers and technology companies
- Index rare earth supply contracts to transparent, independently assessed prices.
- Monitor critical minerals pricing across China and western markets.
- Assess supply chain risk using trade flow and policy impact analysis.
Frequently asked questions
Key price assessments
Argus Non-Ferrous Markets publishes price assessments across base metals, minor metals, ferro-alloys and rare earths. Assessments serve as benchmarks in physical supply contracts, enabling transparent and reliable commercial pricing across global non-ferrous markets.