Last updated: November 2026
The MetalsPlace price guide shows 33 metals, and each figure is one of three kinds. 15 are market prices fetched once a day from MetalpriceAPI. 7 scrap and stainless grades are derived from those prices by a formula printed on the page. 11 are indicative reference levels, because no free live price source exists for them. Every price page says which kind it shows, what it measures and when it was last updated or set. None of them is a contract price.
A job runs every day at 06:00 UTC and requests the latest prices from MetalpriceAPI. If that service fails, it falls back to Metals.dev for the metals Metals.dev covers, and each day's row records which provider supplied it; the price page names that provider. Both quote US dollars per troy ounce, which is converted to the unit shown on the page (32,150.7 troy ounces per metric tonne, 2,204.62 pounds per tonne). If neither provider returns any price, the job stops and writes nothing rather than inventing or carrying forward a figure. When there is no new market data (for example at weekends), the previous day's value repeats.
Scrap and stainless grades have no free live price, so MetalsPlace calculates a figure from the day's live prices: the value of the contained metal, multiplied by a recovery ratio or less a processing margin, plus a fixed base cost for stainless. The ratios and base costs are MetalsPlace's own modelling assumptions, not market quotes, and each formula is stated on its page and in the table below. A real yard or mill offer depends on grade, cleanliness, volume and location.
For ferrous scrap and minor metals such as tantalum, tungsten and vanadium there is no free live price index. These pages show an indicative level set by MetalsPlace in August 2026. The level is not taken from a named price index, so its source is not published; it does not move day to day, is marked with "~" and is never presented as today's price or in price structured data. For a contract price, use a price-reporting agency or ask buyers directly.
| Metal | Type | What the figure measures |
|---|---|---|
| Iron Ore | Market price (daily) | Iron ore 62% Fe index (USD/MT) |
| Aluminium | Market price (daily) | LME primary aluminium (USD/MT) |
| Copper | Market price (daily) | LME copper cathode (USD/MT) |
| Zinc | Market price (daily) | LME special high grade zinc (USD/MT) |
| Lead | Market price (daily) | LME lead (USD/MT) |
| Nickel | Market price (daily) | LME primary nickel (USD/MT) |
| Tin | Market price (daily) | LME tin (USD/MT) |
| Molybdenum | Market price (daily) | Molybdenum spot (USD/lb) |
| Gold | Market price (daily) | Spot gold (USD/oz) |
| Silver | Market price (daily) | Spot silver (USD/oz) |
| Platinum | Market price (daily) | Spot platinum (USD/oz) |
| Cobalt | Market price (daily) | Cobalt spot (USD/lb) |
| Lithium | Market price (daily) | Lithium carbonate spot (USD/MT) |
| Palladium | Market price (daily) | Spot palladium (USD/oz) |
| Rhodium | Market price (daily) | Spot rhodium (USD/oz) |
| Stainless Steel | Derived (formula) | 304 mill product: 8% contained nickel at the live LME price, plus a reviewed USD 1,600/MT conversion and base-metal cost (USD/MT) |
| Stainless Steel Scrap 304 | Derived (formula) | 304 (18/8) scrap: 8% contained nickel at the live LME price, plus a reviewed USD 430/MT chrome and iron base (USD/MT) |
| Stainless Steel Scrap 316 | Derived (formula) | 316 scrap: 11% contained nickel at the live LME price, plus a reviewed USD 520/MT chrome, molybdenum and iron base (USD/MT) |
| Copper Scrap | Derived (formula) | Bare bright / No.1 copper scrap, shown at 92% of the LME copper cathode price (USD/MT) |
| Aluminium Scrap | Derived (formula) | Mixed old sheet and extrusion, shown at 65% of the LME primary aluminium price (USD/MT) |
| Brass Scrap | Derived (formula) | Yellow brass (61% Cu / 35% Zn) at contained-metal value, less a 15% processing margin (USD/MT) |
| Bronze Scrap | Derived (formula) | Red brass / bronze (85-5-5-5) at contained-metal value, less a 22% processing margin (USD/MT) |
| HMS Scrap | Indicative reference level | HMS 80/20 CFR Turkey, indicative level — no free live index available (USD/MT) |
| Steel Scrap | Indicative reference level | Shredded steel scrap, indicative level — no free live index available (USD/MT) |
| Cast Iron Scrap | Indicative reference level | Cast iron scrap, indicative level — no free live index available (USD/MT) |
| Manganese | Indicative reference level | Electrolytic manganese metal, indicative level — no free live index available (USD/MT) |
| Silicon Metal | Indicative reference level | Silicon metal 553 grade, indicative level — no free live index available (USD/MT) |
| Chromium | Indicative reference level | Chromium metal 99%, indicative level — no free live index available (USD/MT) |
| Vanadium | Indicative reference level | Ferrovanadium 80%, indicative level — no free live index available (USD/kg) |
| Tungsten | Indicative reference level | APT (ammonium paratungstate), indicative level — no free live index available (USD/MTU) |
| Magnesium | Indicative reference level | Magnesium ingot 99.9%, indicative level — no free live index available (USD/MT) |
| Titanium | Indicative reference level | Titanium sponge, indicative level — no free live index available (USD/kg) |
| Tantalum | Indicative reference level | Tantalite concentrate, indicative level — no free live index available (USD/lb) |
Listings on the metals board are posted by their sellers and buyers; MetalsPlace does not check the goods or take part in trades. See what "verified supplier" means for the checks traders should make. The news section shows headlines and short summaries from industry publishers' RSS feeds, and every item links to the original article.