Metales
Descripción general
Argus ofrece datos de precios fiables e inteligencia de mercadeo para ayudarle a comprender los factores que impulsan los mercados de metales primarios y secundarios. Nuestro servicio se diferencia ya que incluye comentarios de mercado, análisis y noticias en profundidad sobre metales ferrosos y no ferrosos en el corazón del comercio comercial y la fabricación industrial.
La cadena de suministro global de metales utiliza los datos de materias primas de Argus metales como referencia en contratos de suministro físico y derivados, con fines de valoración de mercado, como indicador de valor para evaluaciones fiscales, para el manejo de riesgos y en análisis y planificación estratégicos.
Argus ofrece cuatro productos principales dentro de su cartera de metales: Argus Ferrous Markets, Argus Non-Ferrous Markets, Argus Scrap Markets and Argus Battery Materials. Cada oferta incluye acceso a Argus Metals – su plataforma de metales.
Metals market coverage
Argus is a leading independent provider of market intelligence to the global energy and commodity markets. Our price assessments and market intelligence are available for all major metals markets across the globe. Explore the coverage most relevant to your business:
Stay ahead of the Metals market
To be informed of new metals content, sign up to the Argus Metals Newsletter of your choice. Each issue provides key prices, selected news, downloadable insight papers, podcasts, and on-demand videos on your selected metal markets. We offer four tailored newsletters according to your area of interest, covering battery materials, ferrous, non-ferrous, and scrap markets.
Últimas noticias de metales
Explore las últimas noticias que mueven el mercado sobre la industria mundial de los metales.
US consumer price inflation steady at 2.7pc in Dec
US consumer price inflation steady at 2.7pc in Dec
Houston, 13 January (Argus) — US consumer inflation held steady in December as gasoline prices fell and food increases accelerated, the Bureau of Labor Statistics reported today. The consumer price index (CPI) rose at a 2.7pc annual rate in December, unchanged from November and in line with expectations in a Trading Economics survey of analysts. Core prices, which strip out volatile food and energy, rose at 2.6pc pace in December, also unchanged from the prior month. CPI peaked in 2025 at 3pc in September and in 2024 at 3.5pc in March. Inflation has gradually slowed as the US Federal Reserve has kept interest rates relatively elevated, prompting President Donald Trump to frequently deride Fed chair Jerome Powell for being "too slow" to cut rates. The US Justice Department on Friday launched a criminal investigation of Powell for his testimony before the Senate Banking Committee in June about renovations to Fed office buildings. Powell, in a statement posted online Sunday, said the threat of criminal charges stems from the Fed "setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the president". On a monthly basis, prices rose in December by 0.3pc seasonally adjusted, following no changes in the prior two months. The CME FedWatch tool showed a 97.2pc probability the Federal Reserve will hold its target rate unchanged at its meeting at the end of the month. A week ago, odds of holding rates steady were 82.3pc with a 17.7pc probability for a quarter-point cut. Gasoline prices drop Energy prices rose by 2.3pc in December, compared with a 4.2pc annual gain in November. Gasoline prices fell at a 3.4pc annual pace after rising by 0.9pc in November, while piped gas services rose by 10.8pc annually in December following a 9.1pc gain in the prior month. US food price increases accelerated to a 3.1pc pace in December from an annual 2.6pc gain in November. Shelter rose by 3.2pc, up from 3pc in the prior month. Services less energy services, a measure of core services prices, rose by 3pc, also unchanged from the prior month. Prices for used cars and trucks rose at a 1.6pc annual pace in December, slowing from a 3.6pc gain in November. New car prices rose at a 0.3pc pace, slowing from a 0.6pc annual gain in November. Medical care services rose at a 3.5pc annual pace in December, accelerating from a 3.3pc gain in the prior month. By Bob Willis Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Record high prices pressure Chinese aluminium demand
Record high prices pressure Chinese aluminium demand
Shanghai, 13 January (Argus) — Chinese aluminium prices hit a record high of 25,075 yuan/t ($3,592/t) today, driven by tight supply and buoyant market sentiment on the back of the geopolitical environment and strong copper prices, despite a slowdown in domestic demand. The rising prices have significantly dampened buying interest among Chinese fabricators, while social inventories continue to increase. The most-traded March aluminium contract on the Shanghai Futures Exchange (SHFE) reached 25,075 yuan/t ($3,594/t) and closed at Yn24,375/t today, up by 6.3pc from 31 December 2025. Global aluminium supply growth has slowed because Chinese output is approaching its annual capacity cap of 45mn t, and European production has declined due to challenges in securing affordable power contracts. On the demand side, market participants expect sectors such as new energy vehicles, photovoltaics, and artificial intelligence (AI) to continue supporting long-term aluminium consumption. These factors have helped sustain aluminium prices at high levels throughout 2025. Recent surges in copper prices have also encouraged financial investors to enter aluminium contracts in anticipation of substitution effects, providing further support to the aluminium market. London Metal Exchange (LME) copper prices exceeded $13,000/t to hit a fresh record on 6 January, because investors sought safe-haven assets on the back of US military action in Venezuela. Aluminium can replace copper in certain applications, such as air-conditioner manufacturing. When the copper-aluminium price ratio exceeds 3.5–4 — the ratio is currently 4.2 — substituting aluminium for copper offers significant economic advantages, according to market participants. Slowing Chinese demand The Chinese aluminium industry has been in a seasonal lull since November 2025, with fabricators maintaining limited purchasing activity. The recent price surge has further exacerbated this trend. Many fabricators, particularly in the construction sector, are delaying raw material purchases due to high costs, a trader told Argus . Some producers of aluminium alloy doors and windows have raised finished product prices, while others are considering an earlier start to the lunar new year holiday on 16-23 February, another trader added. Social inventories of aluminium ingots in China rose to 714,000t on 8 January, up from 645,000t on 30 December 2025 and 596,000t on 27 November 2025, reflecting ample supply and weak spot demand. Traders expect stocks to continue growing in January and February, given elevated prices and muted buying interest during the seasonal low period. More companies are accelerating a shift toward magnesium in response to rising aluminium costs. Magnesium is used in battery casings, brackets, wheel hubs, and car seat frames. Magnesium's density is only two-thirds that of aluminium, offering significant weight reduction advantages for automotive applications. Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Vietnam's ferrous scrap imports rise in 2025
Vietnam's ferrous scrap imports rise in 2025
Shanghai, 13 January (Argus) — Vietnam's ferrous scrap imports surged to a more than four-year high in December, supported by active year-end restocking demand. The country imported 684,000t of ferrous scrap in December, up by 59pc from November and by 14pc year on year, Vietnam Customs data show. Scrap imports totalled 6.25mn t in 2025, marking a 27pc increase from 2024 and only slightly below the levels recorded in 2020-21. Japanese material continued to dominate Vietnam's scrap imports, accounting for more than half of total arrivals. Vietnamese mills imported 3.3mn t of scrap from Japan in 2025, up by 26pc from the previous year. Japanese sellers are expected to continue prioritising the Vietnamese market, supported by the country's expanding steelmaking capacity and construction demand. Imports from the US rose sharply on the year, increasing by 56pc to 788,000t. The growth was partly driven by a low base in the previous year, as well as mid-year buying of deep-sea bulk scrap by some Vietnamese mills. Demand for containerised US scrap also increased, given that smaller mills favoured flexible, smaller-lot cargoes to bridge gaps in domestic supply. Scrap imports from Singapore tripled on the year to 239,000t, reflecting Vietnamese mills' efforts to diversify supply sources in order to manage purchasing costs and ensure supply stability. Hong Kong was the only major supplier to record a year-on-year decline in 2025, with imports falling by 33pc on the year to 374,000t. Ferrous scrap exports from Hong Kong retreated during the year, as exporters diverted more volumes to Bangladesh and India, where prices were more workable. Vietnamese mills' scrap consumption is expected to grow further in 2026. Vietnam's economy maintained strong momentum in 2025 despite pressure from US tariffs, with GDP expanding by 8pc. Continued government investment in infrastructure and public housing, rising industrial activity, and sustained inflows of foreign investment will provide further support for steel production and scrap demand in 2026. Vietnam ferrous scrap imports t Dec '25 m-o-m ± % y-o-y ± % Jan-Dec '25 y-o-y ± % Japan 327,892 61 -8.5 3,295,631 26.3 US 98,725 139.5 109.4 788,146 55.6 Australia 64,942 140.5 96.3 369,525 8.7 Hong Kong 46,470 158.1 13.3 374,373 -32.7 Others 145,825 4.2 19 1,426,781 52.9 Total 683,854 59.1 13.6 6,254,456 26.5 Source: Vietnam Customs Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Australia’s Abbot Point coal port to start post-cyclone
Australia’s Abbot Point coal port to start post-cyclone
Sydney, 12 January (Argus) — The Abbot Point coal port in northern Queensland — Australia's main coking coal-producing region — will resume normal operations on 13 January, following a week of weather-related disruptions. The coal export hub was undamaged by Tropical Cyclone Koji, an Abbot Point Operations spokesperson told Argus on 12 January. Cyclone Koji made landfall in Queensland on 11 January, flooding parts of the state. It hovered off the Australian coast over the previous week, limiting vessel movements. Panamanian-flagged NSU Newstar is scheduled to depart Abbot Point on 14 January, data from Maritime Safety Queensland show. No ships have left the port since 8 January, when the Japanese-flagged Double Delight departed with 46,033t of coal, data from marine tracker Kpler show. Most vessels at Abbot Point's anchorages left on 10 January before returning on 11 January, Maritime Safety Queensland data indicate. Abbot Point Port is the smallest of Queensland's three northern coal ports. It handled 31mn t of coal in January-November 2025, accounting for about 27pc of the region's coal shipments. Queensland's larger northern ports have also faced disruptions over the last week. The Dalrymple Bay Coal Terminal stopped berthing vessels on 6 January because of weather issues and has yet to resume operations. Weather-related disruptions haver also affected Queensland's rail and road links over the past week. The Mount Isa rail line — which primarily supports fertiliser, copper, and zinc movements — remains closed because of flood damage, Queensland Rail told Argus . By Avinash Govind Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Spotlight content
Browse the latest thought leadership produced by our global team of experts.
Explore our metals products
Limit your price risk exposure with daily metals market intelligence, empower your business with data-rich industry tools and inform your long-term strategy with outlooks backed by over 50 years of commodity reporting.
Precios clave
Los precios de Argus son reconocidos por el mercado como indicadores confiables y fidedignos del valor real del mercado. Explore nuestras evaluaciones de precios más utilizadas y relevantes.