Overview

Argus Non-Ferrous Markets offers independent pricing, expert analysis and strategic insights across a wide range of non-ferrous materials, including base metals, ferroalloys, stainless steel, rare earths and specialty metals. Its benchmarks are widely used in contracts to ensure fair and transparent pricing, especially in opaque markets.

Base metals coverage includes copper, aluminium, nickel, zinc and lead, with data from major exchanges (LME, CME, SHFE), regional premium assessments, and expert market commentary. This helps stakeholders manage procurement, hedge risk and negotiate contracts confidently.

Strategic metals pricing focuses on rare earth elements (REEs) that are essential to the defence, technology, renewable energy and aerospace sectors. Many of these metals are listed on government critical minerals lists and are vulnerable to geopolitical risk, export restrictions and tariff volatility. Argus provides global transparent price assessments, policy impact analysis and supply chain intelligence.

Technology metals such as tantalum, gallium and germanium are essential for semiconductors and clean energy. Argus offers benchmark pricing, trade policy insights and demand trend analysis.

Light and high-temperature metals such as titanium, cobalt and superalloys are critical for aerospace. Argus supports procurement with pricing tools like the Alloy Calculator.

Ferroalloys including ferromolybdenum and ferrochrome are key to steelmaking. Argus delivers spot and contract pricing, stainless surcharges and global demand analysis.

Why Leading Companies Choose Argus

Argus is more than a data provider — it’s a strategic partner for companies across the metals value chain. As global demand for critical materials accelerates — especially for those tied to clean energy, advanced manufacturing and national security — Argus helps businesses stay agile, competitive and prepared for what’s next. Crucially, Argus maintains strict editorial standards to ensure its data is unbiased and reflects real market activity free from distortion and bias. In a sector where transparency is vital, this neutrality gives stakeholders confidence in the decisions they make.

Key features

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Independent Price Assessments

Trusted benchmarks used in contracts to ensure fair, transparent pricing in opaque markets.

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Exchange Data and Base Metals Premiums

A unified view of futures markets and physical premiums for accurate valuation and negotiation.

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Expert Market Commentary and News

In-depth analysis of price drivers, supply-demand trends, and geopolitical risks, and the latest breaking news.

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Supply Chain Intelligence

Insights into mining capacity, refining capabilities, trade flows and emerging sources.

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Risk Management Tools

Contextual data to support smarter procurement, hedging strategies, and long-term planning.

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Unrivalled Methodology

Transparent and credible methodology developed with the industry to ensure our price assessments are a true reflection of how the markets trade.

Customers that benefit

The Argus Non-Ferrous Markets service provides daily price assessments, as well as incisive news and analysis from our team of market experts. Below are examples of how some clients use this service:
  • Mining Companies

    Mining companies use Argus independent price assessments to anchor sales contracts to trusted, market-based benchmarks, ensuring pricing transparency and reducing disputes. This supports stronger buyer relationships and more predictable revenue in volatile markets.

  • Non-ferrous Metal Producers/Refiners

    Non-ferrous metal producers benefit from using Argus assessments in their long-terms sales contracts to ensure pricing reflects independent, market-aligned benchmarks that build trust with important buyers. On the buy side, price assessments support consistent cost structures and reduce exposure to pricing inequities or volatility and aid in margin preservation.

  • Traders

    Traders rely on Argus’ impartial pricing and insights to identify arbitrage opportunities, and to manage risk and time trades effectively. Real-time data and expert analysis highlight trends and disruptions, while trusted indexes enhance transparency and reduce the likelihood of disputes in trade deals.

 

 

 

  • Manufacturers

    Manufacturers sourcing strategic metals from a limited pool of global suppliers face significant exposure to price volatility. By linking supply contracts to Argus independent price assessments, they gain a transparent, market-based pricing reference that helps stabilise procurement costs, reduce negotiation uncertainty, and protect against sudden and difficult-to-justify price swings in opaque and highly concentrated markets.

  • Magnet Manufacturers

    Magnet manufacturers in North America and Europe index to the Argus Non-Ferrous Markets service's assessment to ensure a reliable supply of rare earth metals from overseas.

 

 

Key price assessments

Argus offers more than 1,100 global non-ferrous metals price assessments, published with a range of frequencies from daily to monthly, to adequately reflect price changes and liquidity.