Argus Non-Ferrous Markets

Argus Non-Ferrous Markets covers pricing and analysis across five main categories.

Base metals

• Copper, aluminium, nickel, zinc and lead.
• Exchange data from the London Metal Exchange (LME), Chicago Mercantile Exchange (CME) and Shanghai Futures Exchange (SHFE), with real-time options available.
• Independent regional premium assessments from Argus and daily futures market coverage with commentary at market close.
• Key assessments include aluminium P1020 and 6063 premiums for the main trading regions, and 6061 premium in the US; copper cathode premiums for the main trading regions, refining and treatment charges; and nickel cathode, briquette and full plate premiums for the main trading regions.

Rare earth elements

• All 17 rare earth elements, including neodymium, praseodymium, dysprosium, terbium, gadolinium, yttrium, erbium and samarium.
• Prices across multiple refinement stages — oxides, metals and carbonate.
• Argus remains the only PRA with more than a decade of rare earth price history for the Atlantic market. This sits alongside more than 20 years history on China's domestic and export rare earth prices.

Technology metals — minor and specialty metals

• Tantalum, gallium, germanium, antimony, indium, bismuth and high-purity silicon.
• Key assessments include calcium-silicon, ferro-silicon and a variety of metallurgical-grade silicon variants; and antimony prices for concentrate, ingot and trioxide.
• Benchmark pricing across various grades and upstream and downstream forms of metals.

Ferro-alloys and specialty metals

• Ferro-chrome, ferro-manganese and ferro-molybdenum.
• Chrome ore, charge chrome, ferro-chrome and aluminothermic chrome prices.
• Zirconium and hafnium pricing, including US hafnium prices.

Other

• Stainless steel, super alloys and mineral sands.

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.

Specialist reporters gather data from producers, consumers, traders and brokers. Transactions are verified for price, volume, specifications and counterparty. Where spot trades are absent, reporters apply judgment using bids, offers, exchange prices and supply-demand fundamentals, following a rigorous and replicable process.

Publication frequency is aligned to the liquidity of each market. Assessments are published:

• Daily for the most actively traded markets.
• Twice weekly or weekly for intermediate liquidity markets.
• Monthly or fortnightly for lower-frequency markets.

Data and analysis are accessible via:

• The Argus client portal with dashboards, charts and price alerts.
• Electronic data files for direct database integration.
• API and secure data feeds.
• Third-party data integrators.
• A daily PDF report.

Yes. Argus Non-Ferrous Markets price assessments are widely used as benchmarks in physical supply contracts across base metals, minor metals, ferro-alloys and rare earths, supporting fair and transparent commercial pricing.

Yes. Argus provides price assessments for all 17 rare earth elements, covering the full scope of applications beyond just permanent magnets. This includes materials such as neodymium, praseodymium, dysprosium and terbium — critical for electric vehicle motors, wind turbines and defence technologies — as well as gadolinium, yttrium, erbium and samarium, which are vital to a wide range of essential industries.

Coverage includes:

• Price assessments across major markets, including China and emerging alternative producers and refiners.
• Prices across multiple refinement stages — oxides, metals and carbonate.
• Western market prices for optionality outside China.
• Policy impact analysis, including export controls and tariffs and how these will impact global pricing.
• Supply chain intelligence on rare earths mining, separation and refining capabilities.

The service delivers daily market news and expert analysis covering:

• Price drivers and supply-demand trends.
• Trade flows, geopolitical developments and export policy changes.
• Market commentary at the close of each trading session.

Indexes are calculated by summing the value of published assessments and dividing by the number of assessments published in a given month. Month-to-date and final-month index values are published in the daily report.

Where insufficient verified trades exist, Argus reporters apply intelligent judgment based on bids, offers, tenders, exchange prices and supply-demand fundamentals, following a replicable process overseen by a supervising editor.