Specialty and minor metals
Overview
As demand for semi-conductors, touch-screens and other highly engineered products continues to grow, manufactures rely on the Argus metals price data and reliable market intelligence to track volatility and specialty materials and manage their impact on production costs.
Argus covers electronic, light and high-temperature metals, as well as specialist alloys and rare earths, through Argus Non-Ferrous Markets, Argus Battery Materials and the Argus Rare Earths Analytics service.
Electronic metals
Argus delivers transparent price data, market news and analysis across base metals, minor metals and battery materials to allow downstream participants to achieve a sustainable supply of electronic metals and reduce their exposure to price risk, all while researching and tracking individual materials in their components.
- Arsenic prices
- Bismuth prices
- Gallium prices
- Germanium prices
- Indium prices
- Selenium prices
- Tantalum prices
- Tellurium prices
- Zirconium prices
Light metals
Argus is the leader in light metals price data and serves the most active consuming regions globally in aerospace, automotive and other highly engineered industries. Manufacturers of alloyed materials and light metals benefit from both primary and scrap material coverage in the Argus suite of products.
- Magnesium prices
- Manganese prices
- Silicon prices
- Titanium prices
High-temperature metals
Some materials necessitate higher temperature and corrosion resistance beyond that offered by carbon steel, these often rely on a proprietary blend of alloyed materials. Argus worked closely with manufacturers to develop the Alloy Calculator tool, a one-stop solution for estimating the current value of raw materials in their specific composition to price even the most specific blends of alloys to be priced in primary and scrap form.
- Chromium prices
- Cobalt prices
- Hafnium prices
- Molybdenum prices
- Niobium prices
- Rhenium prices
- Tantalum prices
- Tungsten prices
- Tungsten outlooks
- Vanadium prices
Highlights of specialty metals coverage
- Independent reference prices for highly illiquid markets and niche materials
- Brings transparency to markets with few global suppliers but increasing global demand
- Exchange data with 30-minute delay standard and the option to add real-time
- Twice weekly global bulk alloys, noble alloys and steel feedstock prices
- Comprehensive global electronic metals price assessments
- High-temperature metals price assessments, including full scope of tungsten coverage with optional short and long-term forecasting
- Light metals including a suite of titanium and aerospace-grade price assessments
- Rare earths prices assessments with short and long-term forecasts
- Electronic vehicle and aerospace raw materials coverage, including highly engineered components and structural materials
- Coverage of supply chain issues, including demand, capacity, risks to responsible sourcing and supply
- Alloy Calculator tool allows easy identification of cost implications for material substitutions in any alloyed metals
- Synthetic prices can be created in the Alloy Calculator to provide material value in the absence of spot market assessments
Stay ahead of the non-ferrous metal markets
To be informed of relevant content, sign up to Argus Non-Ferrous Metal Market Highlights. Each newsletter issue provides key prices, selected news, downloadable insight papers, podcasts, and on-demand videos across the global non-ferrous markets. Our coverage spans technology and minor metals, rare earths, ferro-alloys, and base metals, enabling you to fully explore the non-ferrous metal supply chains.
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Browse the latest market moving news on the specialty and minor metals industry.
Iran war prompts shift to fob steel export offers
Iran war prompts shift to fob steel export offers
London, 16 April (Argus) — Steelmakers in major exporting countries are switching from cost and freight (cfr) to free on board (fob) offers as the US-Israel war with Iran pushes up ocean freight and disrupts shipping routes. Many Asian and Turkish mills are reluctant to offer flat steel on a cfr basis because uncertain delivery times and higher freight costs threaten margins, industry participants said. Offers on fob terms — which make the buyer responsible for all costs after the goods are loaded at the port of departure — are now increasingly common, buyers in the Middle East and Europe said. "I think all exporting mills are scared to offer cfr in the Middle East. They will probably be okay with fob, and even that with caution," a UAE-based importer said. The strait of Hormuz remains effectively closed, with no clear resolution in sight after US-Iran peace talks failed over the weekend of 11-12 April. Sellers have been exploring alternative routes, such as shipping material to the Jeddah in Saudi Arabia or Sohar in Oman ports and then transporting it to the UAE and other markets by road, sources said, but volumes remained limited because of elevated freight costs and uncertain transit times. Indian hot-rolled coil (HRC) offers to the Gulf Co-operation Council (GCC) region were suspended after the war began at the end of February. An Indian mill was forced to postpone its March shipments to the region because of the war. It has now converted some prior bookings to fob from cfr, making the buyer responsible for transportation to the destination market. India's finished steel exports to the GCC region accounted for about 12pc of its overall steel exports over the past 11 months, government data show. GCC domestic flat steel prices have also risen as imports slowed and raw material supply was disrupted. Saudi producer Hadeed increased HRC offers for June shipment, while a major UAE galvanised coil producer was heard facing supply disruption that limited export availability and reduced spot sales to the domestic market, traders said. In the European import market, challenges in fixing freight rates and uncertainty surrounding margins have also prompted a move to fob offers. An Indian mill said it was scaling back HRC exports to Europe because of a sharp rise in shipping costs. Freight rates from India to Europe for volumes of 25,000-40,000t have risen to about $80/t or more, from $50-60/t earlier. The mill has also cautioned its European buyers that delivery of cargoes booked in January and February was likely to be delayed owing to vessel shortages. By Amruta Khandekar and Elif Eyuboglu Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Energy relief to support S African FeCr in short term
Energy relief to support S African FeCr in short term
London, 16 April (Argus) — South African energy tariff relief may not save South Africa's ferro-chrome sector in the long-term but will support production in the short term and put pressure on Chinese competitors, market participants at the International Chromium Development Conference in Zimbabwe said over 15-16 April. South African state-owned energy provider Eskom announced on 10 April that it had submitted an energy tariff relief structure of 62 South African cents/kWh ($0.04/kWh) to South African energy regulation Nersa after extensive talks with the government and South African ferro-chrome producers Samancor and the Glencore-Merafe Chrome joint venture (JV). This tariff is more than half the 135.82 cents/kWh ferro-chrome producers were paying at the end of 2025. The tariff relief came after Samancor and Glencore-Merafe sharply cut production in 2025 because of low profitability. The Glencore-Merafe JV's ferro-chrome production fell 63pc on the year in 2025 after Glencore-Merafe suspended operations at the Wonderkop and Boshoek ferro-chrome smelters in May. South Africa is a major global charge chrome producer, although it has struggled in recent years to compete with lower-cost ferro-chrome produced in China's Inner Mongolia region. Chinese ferro-chrome producers benefit from lower energy prices than their South African counterparts. The rise in Chinese ferro-chrome production pressured global ferro-chrome prices too low to support profitability for South African ferro-chrome producers at their old energy costs. Argus assessed high-carbon ferro-chrome 50pc cr at $1.00-1.01/lb ex-works China on 14 April, up 31pc from the start of 2025 but well below prices in 2021-22. For South African ferro-chrome producers, selling chrome ore has been more profitable than producing ferro-chrome in South Africa in recent years. South African UG2 concentrate 40-42pc cr203 prices rose 56pc from the start of 2025 to $310-320/t cif China main ports on 14 April. Energy relief may be unaffordable In conversations on the sidelines of the conference, market participants expressed doubts about the long-term prospects of South Africa's ferro-chrome production. Multiple senior-level figures said they did not view the new tariff agreement as financially feasible on the part of the government, and that even if it led to short-term increases in production, the government will not be able to meet its commitments over the full five years. The cost of production for electricity from coal is around 80 South African cents/hr, well above the new energy tariff at 62 cents/kWh. Bongani Motsa, senior economist at the Minerals Council of South Africa, agreed that the government cannot afford the deal, but argued that at the same time, the government cannot afford not to act. If the smelters close, Eskom will have too much excess capacity and insufficient revenue. "It is true the government doesn't have that money, but if you look at the counterfactual, the other option is worse," Motsa said. "The 62 [cents/kwh] is not a magic bullet, but I think it's a step in the right direction." But for some of South Africa's competitors, the new tariff is a major concern. An executive at a Chinese ferro-chrome producer told Argus that Glencore-Merafe and Samancor's new energy price will bring the producers' cost of production below their own. The Chinese market is fragmented compared with South Africa, with over 20 different companies producing ferro-chrome. There is a wide spread between them in terms of technology and manufacturing processes, and the older and less-efficient producers are vulnerable to competition. The South African ferro-chrome industry, in contrast, consists of two major companies that can produce at an economy of scale. Some of the Chinese ferro-chrome producers cannot compete with that efficiency if their energy costs no longer put them at a significant advantage. If South Africa returns to the market at full or close to full capacity, some of China's ferro-chrome producers will be forced to shut. "We will feel significant pressure from South Africa if lots of South African production comes back on line," the producer said. By Maeve Flaherty Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Japanese firms target rare earth magnet recycling
Japanese firms target rare earth magnet recycling
Tokyo, 15 April (Argus) — Japan's air conditioning major Daikin Industries and three other firms will jointly launch an initiative to recover and recycle rare earth magnets from compressors used in commercial air conditioners, the companies said on 14 April. Daikin, Japanese chemical firm Shin-Etsu Chemical, manufacturer Hitachi, and recycling firm Tokyo Eco Recycle plan to develop automated equipment in 2026 and start full-scale operations in 2027. The initiative aims to reduce environmental impact across the circular economy and supply chains through rare earth magnet recycling, Daikin said. Daikin aims to collect around 10,000 compressors a year and eventually recycle several tonnes of rare earth magnets annually, the company said. Compressors are a core component of air conditioners. They compress and circulate refrigerant. Their internal motors use rare earth magnets such as neodymium. Daikin launched the initiative because no established recycling framework existed in Japan for rare earth magnets contained in compressors for commercial air conditioners. Under the scheme, Daikin will collect compressors, while Tokyo Eco Recycle, in collaboration with Hitachi, will extract the rare earth magnets. Shin-Etsu Chemical will use the recovered magnets as raw materials to produce new rare earth magnets. The entire process from collection to remanufacturing will be managed through a centralised data system. The companies will also improve recovery efficiency by automating operations, while optimising disassembly processes for different models using AI-based image recognition and robotics. Rare earth magnets are essential materials used in air conditioners and electric vehicles. Much of the global supply is concentrated in China, making supply chain resilience a key challenge. Japan's environment ministry has allocated about ¥37.9bn ($238mn) in its fiscal 2026 budget to promote recycling of metal resources such as rare metals and rare earths. Domestic recycling of critical minerals such as rare earths contributes not only to environmental protection but also to reducing dependence on specific countries and stabilising supply chains, making it highly significant from an economic security perspective, an environment ministry official said. By Fumito Nagase Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Argentina to start 8 new lithium projects by 2030
Argentina to start 8 new lithium projects by 2030
Santiago, 14 April (Argus) — Argentinian and foreign companies will commission eight new, greenfield lithium projects by 2030, more than doubling the country's installed production capacity. Argentina will add eight new brine-based lithium projects in the next four years, bringing the country's total installed production capacity to 409,000 metric tonnes (t) of lithium carbonate equivalent (LCE) by year-end 2030, according to estimates by Argentina's mining secretary Luis Lucero at a market event in Chile on 13 March. The figure, which represents a 157pc increase from this year's 159,000t LCE guidance, would consolidate Argentina as one of the world's leading lithium producers. Two projects are set to be commissioned in the coming months: Galan Lithium's 8,000t/yr Hombre Muerto West (HMW) lithium chloride project and Rio Tinto's 15,000t/yr Sal de Vida lithium carbonate development. Rio Tinto will also inaugurate, in 2028, Argentina's largest individual lithium project, Rincón, set to add 60,000t/yr LCE to the country's production capacity. Three new projects will also debut in 2029, two of them owned by producers not yet established in Latin America. A joint venture (JV) between Revotech Asia and Xizang Zhufeng Resources will commission the 10,000t/yr LCE Sal de Los Ángeles project, while Argosy Minerals will start-up its 12,000t/yr Rincón operation — not to be confused with Rio Tinto's. A JV between Ganfeng Lithium and Lithium Argentina will also comission their PPG projects in 2029, which have a combined nameplate capacity of 150,000t/yr LCE. Lake Resources and Lithium Chile will follow in 2030 with their Kachi and Arizaro projects, expected to add 25,000t/yr each to Argentina's capacity. All eight projects will, in total, add 305,000t/yr LCE of installed production capacity. Argentina's actual production will be much lower, however, as brine projects usually take well over a year to ramp-up to full capacity. Argentina has seven commercially producing lithium projects, in addition to the above-mentioned eight, which are in advanced stages. Argentina's incentive regime focuses on lithium At least two of those projects have already been approved to participate in Argentina's incentive regime for large investments (Rigi) , and two additional developments have already applied to it. Argentina's Rigi grants benefits to approved participants, including exemptions from value-added and import–export taxes, as well as legal protections that allow companies to settle disputes in courts outside Argentina. It also guarantees 30 years of legal stability, ensuring that these benefits cannot be revoked by any future president during that period. Rio Tinto's Rincón and Galán's HMW have already been selected to the Rigi, while Lithium Argentina-Ganfeng's PPG and Rio's Sal de Vida are awaiting approval. In total, 10 lithium projects have applied to Rigi, with three approvals. The developments will invest a combined $14bn in Argentinian lithium production. By Pedro Consoli Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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