↗ Redesign Prototype
BI
Coverage
7 Metals · Live Prices
Deliverables
Monthly · Quarterly
Scope
7+ Countries
Standard
LME · SMM · USGS
Price Intelligence · Trade Analytics · Supply Chain · Market Forecasting

BI & Market
Research

Critical metals intelligence. Actionable in hours, not months.

United Metals delivers specialist business intelligence and market research for the critical and base metals sector — covering antimony, copper, tin, gold, lithium, nickel, and chromium. Our BI practice draws on seven countries of operational experience, proprietary trade data, and real-time exchange monitoring to give clients a ground-level advantage that no desk-research firm can replicate.

Price Intelligence
LME, SMM & spot monitoring
Trade Analytics
Export / import flow mapping
Supply Chain
Origin, logistics & risk
Demand Forecasting
Energy transition & sector trends
Geopolitical Risk
Export controls & policy shifts
Market Indicators — Reference Prices
Updated: loading...
Sb
Antimony
$26,400
↑ +3.8%
per MT · SMM
Cu
Copper
$9,365
↑ +1.2%
per MT · LME
Sn
Tin
$31,820
↓ -0.6%
per MT · LME
Au
Gold
$2,914
↑ +0.9%
per oz · LBMA
Li
Lithium
$11,200
↓ -2.1%
per MT · Spod.
Ni
Nickel
$15,840
↑ +0.4%
per MT · LME
Cr
Chromium
$9,100
↓ -0.8%
per MT · SHFE
Core Capabilities

Four Pillars of
Metals Intelligence

United Metals' BI practice is built on seven countries of operational presence, direct relationships with traders, miners, and smelters, and systematic monitoring of global exchange data — delivering intelligence that is grounded in physical market reality, not modelled abstractions.

// 01
Pillar One
Price Intelligence & Monitoring
United Metals tracks commodity prices across all major global exchanges and trade publications — LME, SMM (Shanghai Metals Market), SHFE, LBMA, Metal Bulletin, and Fastmarkets — to deliver continuous price monitoring across antimony, copper, tin, gold, lithium, nickel, and chromium. We correlate exchange prices with physical spot market premiums and discounts, providing clients with a complete picture of where metal is actually trading, not just where contracts are settled.

Our price intelligence service tracks treatment charges (TC/RC), benchmark premiums, freight differentials, and currency impacts — the variables that determine landed cost and smelter margins, and which are systematically absent from standard market reports.
Daily exchange monitoring — LME, SMM, SHFE, LBMA
Live
TC/RC benchmark tracking — copper concentrate treatment charges
Physical spot premiums — regional premium/discount vs LME
Currency-adjusted pricing — USD, EUR, CNY, INR, ZAR
FX Adjusted
P
// 02
Pillar Two
Trade Flow & Supply Chain Analytics
Understanding where metal flows, who controls the chokepoints, and how trade policy shifts redirect supply is the defining competitive advantage in critical minerals trading. United Metals analyses bilateral trade data, customs filings, port statistics, and logistics intelligence across our seven-country operational footprint — mapping origin-to-destination flows for each metal we cover.

With China controlling 48–70% of global antimony production and implementing export license requirements for antimony and related products since September 2024, understanding the precise impact on supply availability, pricing, and alternative source activation has never been more commercially critical. Our trade analytics deliver exactly this — country-level, near-real-time.
China export control tracking — antimony, gallium, germanium, etc.
Critical
Origin-destination mapping — bilateral HS code trade data
Port & logistics intelligence — shipment tracking and transit times
Supply concentration risk — Herfindahl index by metal and origin
Risk Scored
T
// 03
Pillar Three
Demand Forecasting & Sector Analysis
The energy transition is reshaping demand for every metal we cover — lithium and nickel for battery chemistries, copper for grid and EV infrastructure, antimony for next-generation energy storage and defence applications. United Metals tracks demand evolution across the five key end-use sectors — energy storage, defence, electronics, construction, and industrial — providing forward-looking demand curves that incorporate announced capacity commitments, policy incentives, and technology substitution trends.

We align our forecasting with the most respected publicly available data sources — IEA, USGS, World Bank, IMF commodity forecasts — and layer in proprietary physical market intelligence from our own operational networks.
Energy transition modelling — EV, grid storage, solar demand curves
5-Year
Defence sector intelligence — antimony critical mineral demand surge
Technology substitution tracking — cathode chemistry shifts, alternatives
IEA/USGS-aligned forecasts — cross-referenced multi-source consensus
Verified
D
// 04
Pillar Four
Geopolitical Risk & Regulatory Intelligence
Commodity markets are increasingly shaped by geopolitical decisions, resource nationalism, and export control regimes — not just supply and demand fundamentals. United Metals monitors the policy and regulatory environment across all seven of its operating territories and the major producing and consuming nations — providing clients with early warning of export restrictions, critical mineral designations, tariff changes, and sanctions developments that will impact pricing and supply availability.

Our geopolitical intelligence draws on direct in-country operational networks in Zambia, Zimbabwe, Tanzania, DRC, Sierra Leone, India, and Mexico — giving clients qualitative intelligence that no satellite-based market monitoring service can provide.
Export control monitoring — China, Russia, DRC, Zimbabwe, others
Early Warning
Critical mineral policy tracking — US, EU, UK, Australia, India
Royalty & tax regime changes — host government policy shifts
In-country field intelligence — 7 territory operational network
Exclusive
G
In critical minerals markets, the difference between insight and intelligence is seven countries of operational presence, physical trade relationships, and ground-level data that no database can replicate.
United Metals — BI Practice Philosophy
Market Coverage

Seven-Metal
Coverage Universe

Our BI coverage spans the full portfolio of metals that United Metals mines, processes, and trades — giving us an information advantage rooted in physical market participation, not theoretical modelling.

51
Sb
Antimony
Antimony
CAGR 6.5–7.4%
Critical mineral designation (US/EU). China export controls since Sept 2024. Flame retardant, defence, and energy storage demand driving supply squeeze. Market ~$1.2B (2024).
SMM Price: $26,400/MT
29
Cu
Copper
Copper
CAGR 4.5–5.5%
Essential for EV motors, grid infrastructure, and renewable energy. Global output 24MT (2023). TC/RC benchmark annual cycle. Zambia and DRC major producers.
LME Price: $9,365/MT
50
Sn
Tin
Tin
CAGR 4.2–5.0%
Electronics solder, semiconductor packaging, and lithium-ion battery anode applications. Supply concentrated in Indonesia and DRC/Africa. LME-traded.
LME Price: $31,820/MT
79
Au
Gold
Gold
Reserve asset / macro-driven
Safe-haven asset, central bank purchases, and electronics demand. LBMA spot reference. Doré bar trade from Tanzania, Zimbabwe, and West Africa operations.
LBMA Price: $2,914/oz
3
Li
Lithium
Lithium
CAGR 12–18% (EV cycle)
EV battery cathode essential. Price has corrected sharply from 2022 highs. Long-term demand structural. Spodumene concentrate from Africa/Latin America.
Spot Est.: $11,200/MT
28
Ni
Nickel
Nickel
CAGR 3.5–5.0%
Stainless steel dominant end-use. Battery-grade nickel (class 1) premium growing with EV demand. Indonesia now dominant producer (~50% global supply).
LME Price: $15,840/MT
24
Cr
Chromium
Chromium
CAGR 3.0–4.5%
Stainless steel alloying (87% end-use). South Africa controls 75%+ of proven reserves. Zimbabwe Great Dyke is a major deposit. SHFE and ferrochrome reference pricing.
SHFE Ref.: $9,100/MT
Our Process

Research
Methodology

Our intelligence products are built on a rigorous five-stage research process — combining primary field data collection, exchange monitoring, trade database analysis, expert network consultation, and synthesis into client-ready deliverables.

Data Architecture
Ground Truth,
Not Desk Research
The critical difference in United Metals' BI is primary data access. Our research analysts sit within an organisation that actively mines, processes, and trades the metals they analyse — providing direct access to physical market pricing, trader conversations, and supply chain intelligence that no subscription data service can capture.

We combine this proprietary intelligence with systematic monitoring of 12+ public and licensed data sources — from LME and SMM exchange data to USGS mineral surveys, UN Comtrade bilateral flows, and IEA supply/demand forecasts.
Data Sources
01
Exchange Data — LME, SMM, SHFE, LBMA, Metal Bulletin
02
Trade Statistics — UN Comtrade, ITC, customs data
03
Field Intelligence — 7-country operational network
04
Regulatory Sources — USGS, IEA, World Bank, official government
05
Physical Market — trader conversations, spot market surveys
01
Data Collection
Systematic Primary & Secondary Data Gathering
Exchange price feeds, trade statistics, field intelligence from in-country operations, government publications, and expert network inputs are collected on a continuous daily basis and warehoused in our commodities database. Automated alerts flag anomalous price movements, policy announcements, and supply disruptions for immediate analyst review.
02
Verification
Cross-Source Validation & Triangulation
All price data and market intelligence is cross-referenced across a minimum of three independent sources before publication. Physical market pricing is verified against exchange settlement prices; trade statistics are checked against reported export/import data from both origin and destination countries to identify discrepancies that signal unreported flows.
03
Analysis
Quantitative Modelling & Expert Interpretation
Verified data feeds into our supply-demand balance models, price correlation analyses, and geopolitical risk scoring frameworks. Quantitative outputs are reviewed by metals specialists with direct physical market experience — ensuring that model outputs are calibrated against market reality, not just mathematical consistency.
04
Scenario Planning
Forward-Looking Scenario Construction
Base case, bull, and bear scenarios are constructed for 12-month and 5-year price and supply outlooks — incorporating commodity cycle positioning, energy transition demand drivers, geopolitical risk probabilities, and announced mine project pipelines. Scenario probabilities are assigned and updated monthly based on market signal changes.
05
Deliverable Production
Client-Ready Reports & Briefings
Research outputs are formatted as executive briefings, detailed market reports, price outlook tables, and data dashboards — calibrated to the client's role (procurement, investment, strategy) and information needs. Monthly subscription clients receive a standing delivery schedule; ad hoc clients receive bespoke research within agreed turnaround timelines.
Deliverables

Intelligence
Products

We deliver intelligence in three structured formats — each designed for a different decision-making context and time horizon.

Weekly
Product 01
Price Monitor
A concise weekly price intelligence brief covering exchange settlements, physical spot premiums, TC/RC movements, and significant market developments across all seven covered metals. Designed for traders, procurement desks, and operations teams who need a fast, reliable update on market pricing without the noise of full reports.
Contents
7-metal price table — exchange settlement + physical premium
Week-on-week and month-to-date price change summary
TC/RC copper benchmark update (monthly cycle)
Key market events and upcoming risk calendar
PM
Monthly
Product 02
Market Intelligence Report
A comprehensive monthly market intelligence publication covering supply-demand fundamentals, trade flow analysis, geopolitical risk developments, and 12-month price outlook for a single metal or multi-metal subscription. Structured for strategic decision-makers who need context, not just data — including analysis of why prices moved, what supply disruptions are developing, and what demand trends will dominate the next quarter.
Contents
Supply-demand balance update — monthly production and consumption estimates
Trade flow analysis — key export/import shifts by country
Geopolitical risk register — active and emerging policy risks
12-month price outlook — base, bull, bear scenarios with probabilities
Project pipeline — significant mine and smelter capacity changes
MIR
Bespoke
Product 03
Strategic Research Brief
Fully customised research assignments addressing specific strategic questions — market entry assessments, supply chain diversification analysis, M&A target screening, competitor intelligence, or deep-dive country-level risk assessments. Turnaround within agreed timelines. Strategic research briefs are particularly valued by mining companies, private equity, commodity traders, and government procurement bodies navigating the critical minerals landscape.
Example Briefs
Alternative antimony supply source assessment — post China export controls
Zambia copper sector investment climate and offtake landscape
Critical mineral supply chain resilience — EU/US procurement risk audit
Lithium price recovery timing — supply/demand rebalance scenarios
SRB
Market Intelligence Sample

Reference Market
Snapshot

The below illustrates the type of market data and insight intelligence United Metals produces for BI clients — reference prices, trend analysis, and thematic market commentary across our seven covered metals.

Sb
Antimony
$26,400/MT
↑ +84% YTD
SMM · China export controls
Cu
Copper
$9,365/MT
↑ +5.4% YTD
LME · EV & grid demand
Sn
Tin
$31,820/MT
↑ +12.1% YTD
LME · Semiconductor recovery
Au
Gold
$2,914/oz
↑ +18.2% YTD
LBMA · Central bank demand
Li
Lithium
$11,200/MT
↓ -38% from peak
Spot · Supply glut correction
Ni
Nickel
$15,840/MT
↓ -12.4% YTD
LME · Indonesian supply surplus
Cr
Chromium
$9,100/MT
↑ +2.8% YTD
SHFE · Stainless demand stable
Critical Metals · Alert
China Antimony Export Licence Regime — 6-Month Impact
Since the September 2024 introduction of export licence requirements for antimony, SMM spot prices have risen over 80% as buyers scramble to source from non-Chinese origins. United Metals' African operations are seeing accelerated interest from European and US buyers seeking OECD-origin supply security.
March 2025 · BI Intelligence Brief
Copper · Market Structure
TC/RC Benchmark Compression Tightens Concentrate Margins
The 2025 annual TC/RC benchmark settled at $76–80/MT, materially below the 2024 level of $80–90/MT, reflecting increasing concentrate tightness as mine supply growth disappoints. Smelters in China and Europe are competing aggressively for available concentrate, particularly from African sources.
February 2025 · Monthly Market Report
Defence · Geopolitical Risk
Global Defence Rearmament Cycle Structurally Lifts Antimony Demand
Global defence spending reached an estimated $2.46 trillion in 2024, a 7.4% real increase. Antimony's role in tracer ammunition, night-vision devices, and advanced materials makes it a direct beneficiary of sustained military spending increases across NATO and allied nations.
January 2025 · Strategic Research Brief
Lithium · Outlook
Lithium Supply Rebalance Expected H2 2025 — Watch for Price Floor
Spodumene prices have corrected 38% from 2022 peaks as supply outpaced EV demand growth. Project deferrals and mine suspensions are beginning to tighten the 2025-H2 supply outlook, with a potential price floor forming around current levels as demand accelerates into 2026.
December 2024 · Quarterly Forecast
Client Applications

Who Uses Our
Intelligence

Our BI service is designed for organisations that make consequential decisions based on critical metals market intelligence — from procurement and investment to policy and strategy.

Commercial
Clients
Commodity Traders & Merchants
Price forecasts, supply disruption early-warning, trade flow mapping, and counterparty intelligence to sharpen trading decisions and manage inventory risk. Weekly price monitor subscriptions most popular.
Industrial Procurement
Price risk management for copper, tin, and antimony in flame retardant, electronics, and battery manufacturing supply chains. Forward price guidance to support annual contract negotiations and hedging decisions.
Mining Companies & Juniors
Market entry assessments, offtake pricing benchmarks, and competitor intelligence to support exploration investment decisions and project financing. Strategic research briefs on specific deposit jurisdictions and offtake markets.
Private Equity & Credit Funds
Investment thesis validation, market size confirmation, and commodity price deck benchmarking for metals-sector M&A and project finance transactions. Bespoke due-diligence research to specified timelines.
Government &
Institutional Clients
Government Procurement Bodies
Critical mineral supply chain mapping, source diversification analysis, and strategic stockpile pricing for defence and industrial procurement agencies in the US, EU, UK, and allied nations building antimony and critical mineral reserves.
Development Finance Institutions
Project economic justification, market feasibility studies, and commodity price sensitivity analysis for DFI lending and guarantee decisions in African and Latin American mining and processing projects.
Policy Research Institutions
Data-led analysis of critical mineral market dynamics, supply concentration risk, and energy transition material requirements for policy briefs, academic research, and public-sector advisory work on resource security.
ESG & Responsible Sourcing Teams
Supply chain provenance intelligence, responsible sourcing pathway mapping, and OECD/ITSCI compliance support for companies navigating due diligence requirements on conflict-sensitive minerals in DRC and Central Africa.
Commission Intelligence

Start with a
Custom Brief

Whether you need a standing market intelligence subscription or a single bespoke research brief on a specific metal, trade route, or supply chain question — our team is ready to scope a solution that fits your decision-making needs and timeline.

United Metals' BI practice is a natural extension of our physical operations. When you commission intelligence from us, you get the analysis of practitioners, not just analysts.

Request a Sample Report