CTR069676_Contract_Amendment_Summary_Four__4_.pdf

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Master Agreement AZ|CTR069676
Contract number
CTR069676
Issued by
Arizona

About this file

This document is a contract amendment and procurement determination for the Arizona Department of Transportation (ADOT), involving US Standard Sign for a contract related to flat aluminum sign blanks. The contract number is CTR069676, and the amendment is the fourth modification to the original agreement. The procurement determination was prepared by Megan Walker, Senior Procurement Officer, on December 4, 2025, and authorized by the Procurement Manager.

The amendment extends the contract from March 1, 2026, through February 28, 2027, with a 20% price increase for all line items of aluminum sign blanks. The price increase is justified by significant rises in aluminum costs, including a 51% increase from December 2024 to October 2025 according to Platts S&P Global Monthly Report, and a 7% increase from January to August 2025 per the Bureau of Labor Statistics. The pricing spreadsheet includes 47 different aluminum sign blank specifications, ranging from small 18x18 inch squares to large 144x48 inch rectangles, with prices increasing from the current contract rates to the new 20% higher rates. The contract allows for this price escalation as part of the original bidding terms, and the increase was determined to be fair and reasonable by ADOT.

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ARIZONA DEPARTMENT OF TRANSPORTATION

1655 W. Jackson Street, MD 100P

Phoenix, AZ 85007

Contract Amendment Summary

CONTRACTOR: US STANDARD SIGN AMENDMENT NO.: FOUR (4)

DESCRIPTION: FLAT ALUMINUM SIGN BLANKS

Rev. 03/2025

Pursuant to the Uniform Terms and Conditions, Section 5, Contract Changes, the above referenced contract is amended. Summary of changes is as follows:

1. This contract is hereby mutually extended from March 1, 2026 through February 28, 2027 unless terminated, canceled or extended as otherwise provided in the contract.

2. The line item pricing listed on the attached spreadsheet will take effective on March 1, 2026.

3. All other terms, conditions and provisions of this contract remain unchanged.

javascript:void('0') javascript:void('0')

PROCUREMENT DETERMINATION

PRICE INCREASE

Cc: File Rev. 03/2025

Sections 1 through 3 MUST be completed Use Attachments as Necessary

1) Name: Megan Walker Title: Senior Procurement Officer

Date: December 4, 2025

Contract Number: CTR069676 Contract Description: Flat Aluminum Sign Blanks

Contractor Name: US Standard Sign

2) Line Item Pricing:

See below.

3) Provide justification:

US Standard Sign has requested a 20% price increase for contract CTR069676 Flat Aluminum Sign Blanks.

The request is due to the rising costs of aluminum. Platts S&P Global Monthly Report for Metal Week Price Notification shows a 51% increase from December 2024 to October 2025. The Bureau of Labor Statistics (BLS) index for Sheet metal work mfg-Aluminum and other sheet metal work, not seasonally adjusted shows a 7% increase from January to August in 2025. The supplier has also provided invoices that shows a 37.8% on the unit pricing for the materials purchased from 2023 to 2025. The 20% increase on the line items has been determined to be fair and reasonable and in the best interest of the State.

To Be Completed by Procurement Authority:

APPROVAL

Request Authorized Pursuant to A.A.C. R2-7-604A Request Denied Request Returned for Additional Information See Comments

Comments:

Approved by:

Signature:

Title:

Date:

Docusign Envelope ID: 2F1CDB64-D8B3-470A-AE5A-3FF939C6E6B5

X

N/A

Procurement Manager 12/5/2025

Product Code Description Unit of

Measure

Current Contract Pricing

Contract Pricing

20% Increase

I1_1 SUBALUM OCT 36x36x.125xRN/A (PART # SFR0005) Each $ 40.38 $ 48.46 I1_2 SUBALUM OCT 42x42x.125xRN/A (PART # SFR0010) Each $ 51.32 $ 61.58 I1_3 SUBALUM TRI 48x48x.125xR3.00 (PART # SFR0025) Each $ 36.91 $ 44.29 I1_4 SUBALUM PEN 48x36x.125xR2.25 (NPZ) (PART # SFR0030) Each $ 32.25 $ 38.70 I1_5 SUBALUM RND 36x36x.125xRN/A (PART # SFR0035) Each $ 32.43 $ 38.92 I1_6 SUBALUM SHD 24x24x.125xRN/A (INTSHD) (PART # SFR0050) Each $ 16.92 $ 20.30 I1_7 SUBALUM SHD 36x36x.125xRN/A (INTSHD) (PART # SFR0055) Each $ 38.04 $ 45.65 I1_8 SUBALUM SCH 36x36x.125xR2.25 (SCHXING) (PART # SFR0065) Each $ 29.48 $ 35.38 I1_9 SUBALUM SQU 48x48x.080xR3.00 (CONSTR) (PART # SFR0085) Each $ 48.28 $ 57.94 I1_10 SUBALUM SQU 18x18x.125xR1.5 (PART # SFR0110) Each $ 7.86 $ 9.43 I1_11 SUBALUM SQU 24x24x.125xR1.5 (PART # SFR0115) Each $ 17.66 $ 21.19 I1_12 SUBALUM SQU 30x30x.125xR1.875 (PART # SFR0120) Each $ 27.60 $ 33.12 I1_13 SUBALUM SQU 36x36x.125xR2.25 (PART # SFR0125) Each $ 43.99 $ 52.79 I1_14 SUBALUM SQU 48x48x.125xR3.0 (PART # SFR0135) Each $ 78.23 $ 93.88 I1_15 SUBALUM SQU 60x60x.125xR3.0 (PART # SFR0140) Each $ 96.03 $ 115.24 I1_16 SUBALUM REC 24x12x.125xR1.5 (PART # SFR0155) Each $ 7.68 $ 9.22 I1_17 SUBALUM REC 36x12x.125xR1.5 (PART # SFR0165) Each $ 13.78 $ 16.54 I1_18 SUBALUM REC 24x18x.125xR1.5 (PART # SFR0170) Each $ 12.52 $ 15.02 I1_19 SUBALUM REC 48x12x.125xR1.5 (PART # SFR0180) Each $ 18.36 $ 22.03 I1_20 SUBALUM REC 36x18x.125xR1.5 (PART # SFR0185) Each $ 15.96 $ 19.15 I1_21 SUBALUM REC 30x24x.125xR1.5 (PART # SFR0190) Each $ 20.86 $ 25.03 I1_22 SUBALUM REC 36x24x.125xR1.5 (PART # SFR0200) Each $ 22.85 $ 27.42 I1_23 SUBALUM REC 48x18x.125xR1.5 (PART # SFR0205) Each $ 20.96 $ 25.15 I1_24 SUBALUM REC 54x18x.125xR1.875 (PART # SFR0210) Each $ 23.58 $ 28.30 I1_25 SUBALUM REC 36x30x.125xR1.875 (PART # SFR0215) Each $ 33.14 $ 39.77 I1_26 SUBALUM REC 48x24x.125xR1.875 (PART # SFR0225) Each $ 35.34 $ 42.41 I1_27 SUBALUM REC 42x30x.125xR2.250 (PART # SFR0230) Each $ 30.56 $ 36.67 I1_28 SUBALUM REC 72x24x.125xR1.875 (PART # SFR0260) Each $ 41.90 $ 50.28 I1_29 SUBALUM REC 48x36x.125xR2.250 (PART # SFR0265) Each $ 58.66 $ 70.39 I1_30 SUBALUM REC 60x36x.125xR2.250 (PART # SFR0295) Each $ 57.62 $ 69.14 I1_31 SUBALUM REC 72x30x.125xR1.875 (PART # SFR0296) Each $ 58.40 $ 70.08 I1_32 SUBALUM REC 72x36x.125xR2.250 (PART # SFR0315) Each $ 69.15 $ 82.98 I1_33 SUBALUM REC 60x48x.125xR3.00 (PART # SFR0325) Each $ 91.84 $ 110.21 I1_34 SUBALUM REC 84x36x.125xR2.25 (PART # SFR0335) Each $ 81.77 $ 98.12 I1_35 SUBALUM REC 72x42x.125xR3.00 (PART # SFR0340) Each $ 80.67 $ 96.80 I1_36 SUBALUM REC 96x36x.125xR2.250 (PART # SFR0350) Each $ 100.14 $ 120.17 I1_37 SUBALUM REC 84x42x.125xR3.00 (PART # SFR0355) Each $ 85.56 $ 102.67 I1_38 SUBALUM REC 96x42x.125xR3.00 (PART # SFR0365) Each $ 97.78 $ 117.34 I1_39 SUBALUM REC 84x48x.125xR3.00 (PART # SFR0370) Each $ 97.78 $ 117.34 I1_40 SUBALUM REC 120x36x.125xR2.250 (PART # SFR0375) Each $ 104.76 $ 125.71 I1_41 SUBALUM REC 96x48x.125xR3.00 (PART # SFR0385) Each $ 133.53 $ 160.24 I1_42 SUBALUM REC 96x60x.125xR3.00 (PART # SFR0405) Each $ 139.68 $ 167.62 I1_43 SUBALUM REC 120x48x.125xR3.00 (PART # SFR0410) Each $ 139.68 $ 167.62 I1_44 SUBALUM REC 108x60x.125xR3.00 (PART # SFR0415) Each $ 157.14 $ 188.57 I1_45 SUBALUM REC 120x60x.125xRN/A (PART # SFR0421) Each $ 220.87 $ 265.04 I1_46 Special Order For Size Not Listed- Not to Exceed $5.78 per Sqft (LxW of smallest required size blank to minimize scrap) Square foot $ - $ - I1_47 SUBALUM REC 144x48x.063xRN/A (OVRLAY) (PART # SFR0075) Each $ 117.00 $ 140.40

11400 West Addison Ave. Franklin Park, IL 60131 -- P: 800-537-4790 F: 847-455-3330 www.usstandardsign.com

November 18th, 2025

Arizona Department of Transportation

1739 W. Jackson Street, MD 100P

Phoenix, AZ 85007

RE: Request for Price Escalation – Contract No. CTR069676 (Flat Aluminum Sign Blanks)

To Whom it May Concern, Over the past calendar year, aluminum prices have risen significantly. Specifically, since our last contract extension in January of 2025, the cost of raw aluminum is up over 50%. Cost increases like this create an environment where fulfilling orders at old prices would be at a significant financial loss to us. Because of this, I would like to request price escalation on this contract for the upcoming renewal period.

I will be submitting an updated pricing sheet along with documentation that supports our escalation request. The two “Monthly Average” documents are indicators of the aluminum market and show how the cost of aluminum has risen. Since our last contract extension in January of 2025, the cost of raw aluminum is up 51.10% from

137.596 cents/lb to 207.902 cents/lb. Per our initial bid, the maximum increase we are permitted in this second renewal period is 20%. We would like to request the full 20% to help cover our increased costs.

Please let me know if this request can be accommodated.

Thank you, David Pupillo

Account Manager

US Standard Sign

Procurement

ATTACHMENT FIVE (5)

PRICE INCREASE PERCENTAGES

Solicitation No: BPM005940 Available online at https://appstate.az.gov/

Rev. 09/2022

The offeror should use the space below to identify the maximum price increase percentage that they may want to request at the time of renewal if ADOT exercises its option per the applicable provisions under any resultant contract(s).

1st Renewal Period _________15_______% Maximum Increase

2nd Renewal Period _________20______% Maximum Increase

3rd Renewal Period _________25________% Maximum Increase

4th Renewal Period ________30__________% Maximum Increase

The offeror is cautioned that each renewal period’s increase percentage shall be computed against the

ORIGINAL contract price. If information is not provided in the space above, prices shall remain the same as the original contract term. Please see the following example for further clarification.

Example: If the offeror anticipates requesting a 2% increase at each renewal period per Special

Terms and Conditions, they should enter 2%, 4%, 6%, and 8% in the attachment. Each percentage increase is calculated using the original contract price. See example in table below.

Renewal Period

% Maximum Increase from Attachment

Original Contract

Price

Maximum Increase Allowed

Maximum Contract

Price

1 2% $100.00 $2.00 $102.00

2 4% $100.00 $4.00 $104.00

3 6% $100.00 $6.00 $106.00

4 8% $100.00 $8.00 $108.00

Furthermore, the offeror is advised that the State of Arizona does not automatically grant any increase when renewing the contract. If an increase is requested, documentation of need must be provided at the time of renewal.

www.spglobal.com/commodityinsights www.twitter.com/SPGCIMetals

December 2024

Alumina$/mt
PAX FOB Australia710.19
PAX FOB Brazil-Australia differential19.00
PAX CIF China733.038
PAX Ex-works China806.884
PAX DBF Aus-China Handysize22.848
Calcined Petcoke$/mt
FOB US Gulf Coast395.000
Caustic Soda$/mt
FOB NE AsiaNA
CFR SE AsiaNA
Aluminum¢/lb
MW US Transaction137.596
MW US Transaction Premium22.455
US Aluminum all-in (basis CME)137.050
US Low-Carbon Premium (US-LCAP)0.000
US-LCAP Transaction (All-in)137.596
US-LCAP All-in (Basis CME)137.050
MW US Net-Cash Premium21.380
US P1020 Import Duty12.014

MW US Transaction premium (implied duty-unpaid) 10.441 MW US Transaction price

(implied duty-unpaid)125.582
MW US Market138.200
CIF New Orleans duty-unpaid premium14.515
CIF NOLA-MW premium differential7.940
$/mt
CIF New Orleans duty-unpaid premium320.000
US Aluminum all-in (basis CME)3021.434
US Low-Carbon Premium (US-LCAP)0.000
US-LCAP Transaction (All-in)3033.472
US-LCAP All-in (Basis CME)3021.434
Duty paid IW R’dam mid362.250
Duty paid IW R’dam low350.000
Duty paid IW R’dam high374.500
Duty unpaid IW R’dam mid308.500
Duty unpaid IW R’dam low300.000
Duty unpaid IW R’dam high317.000
LC price paid IW R’dam mid382.250
LC price paid IW R’dam low370.000
LC price paid IW R’dam high394.500
LC price unpaid IW R’dam mid338.500
LC price unpaid IW R’dam low330.000
LC price unpaid IW R’dam high347.000
ZC price paid IW R’dam mid455.430
ZC price paid IW R’dam low443.180
ZC price paid IW R’dam high467.680
ZC price unpaid IW R’dam mid411.680
ZC price unpaid IW R’dam low403.180
ZC price unpaid IW R’dam high420.180
LCAP paid IW R’dam20.000
LCAP unpaid IW R’dam30.000
ZCAP paid IW R’dam93.180
ZCAP unpaid IW R’dam103.180
Low-carbon 6060/6063 Billet DDP Germany588.000
Low-carbon 6060/6063 Billet DDP Italy580.830
Billet 6060/6063 DDP Germany578.000
Billet 6060/6063 DDP Italy570.830

Metals Week Price NotificationMonthly Report

European Aluminum scrap1710.000
CIF Japan premium198.286
CIF Japan Fixed Price Equivalent2738.974
CIF Japan Quarter Fixed Price Equivalent2716.184
CIF Major Asian Port (MAP) P1020 Premium193.190
CIF Brazil Premium250.000
Brazil DDP SE Prem, low ICMS280.000
Brazil DDP SE Prem, high ICMS156.250
Eur/mt
Alloy 226 delivered European works2240.000
Alloy 231 DDP Germany2340.000
Billet 6060/6063 DDP Germany551.770
Billet 6060/6063 DDP Italy544.900
European Aluminum scrap1710.000

high-grade auto shreds

¢/lb
MW A-380 ALLOY134.188
US MW Transaction-A380 Spread3.578
MW 319142.250
MW 356159.750
MW A356.2 Upcharge20.714
MW A356.2 (All-in)158.346
MW F132151.500
MW US 413165.125
MW US B390184.000
US Old Cast81.063
US Old Sheet88.875
Mill-grade MLCCs100.875
US MW Transaction-Mill MLCCs Spread36.890
Smelter-grade MLCCs86.500
US HG Auto Shreds90.625
US LG Auto Shreds84.563
Turnings80.594
US Clean Aluminum Wheels107.571
US 6063 Billet Upcharge9.313
US 6063 New Bare Extrusion Scrap discount16.000
US 6063 New Bare Extrusion Scrap121.296
US 6022 New Bare Scrap discount16.250
US 6022 New Bare Scrap120.746
US 5052 New Bare Scrap discount9.500
US 5052 New Bare Scrap127.646
US Painted Siding102.875
US UBCs107.000
US MW Transaction-UBCs Spread30.930
pesos/kg
Old cast, del NE Mexico40.000
¢/lb conversion89.541
Old sheet, del NE Mexico37.625
¢/lb conversion84.224
UBCs, del NE Mexico42.375
¢/lb conversion94.856
6063 scrap del NE Mexico45.500
¢/lb conversion101.852
Copper¢/lb
COMEX HG 1ST Pos (C)410.843
COMEX HG 2ND Pos (C)414.469
COMEX HG 3RD Pos (C)426.219
¢/lb
MW No.1 Burnt Scrap26.200
MW No.1 Bare Bright14.200
MW No.2 Scrap40.000
NY Dealer Premium Cathode11.000
US Transaction423.343
Platts CCC Clean Copper Concentrates RC0.350
Platts CCC Clean Copper Concentrates-13.28

Producer-Trader RC Differential

$/mt
Platts CCC Clean Copper Concentrates TC3.495
Platts CCC Clean Copper Concentrates-1.33

Producer-Trader TC Differential Platts CCC Clean Copper Concentrates 2312.714 outright

Lead¢/lb
North American Market105.449
Used lead-acid batteries US Midwest31.400
Used lead-acid batteries US Northeast33.200
Tin¢/lb
MW NY Dealer1356.125
Zinc¢/lb
MW NA SHGNA
MW NA GALNA
MW Alloyer NO. 3NA
Gold$/tr oz
COMEX 1ST Position (C)2643.581
COMEX 2ND Position (C)2769.405
Englehard Unfabricated2644.400
Handy& Harman2648.009
London Final2644.067
London Initial2643.828
Iridium$/tr oz
MW NY Dealer mean4228.125
Palladium$/tr oz
JM Base N. AMERI955.762
Engelhard UNFAB962.450
NYMEX EX NEARBY954.143
MW NY Dealer mean957.000
MW NY Dealer low930.000
MW NY Dealer high984.000
Platinum$/tr oz
JM Base N. AMERI939.810
Engelhard UNFAB939.800
NYMEX EX NEARBY940.543
MW NY Dealer mean939.500
MW NY Dealer low924.000
MW NY Dealer high955.000
Rhodium$/tr oz
MW NY Dealer mean4500.000
MW NY Dealer low4462.500
MW NY Dealer high4537.500
JM Base NA4575.000
Engelhard Unfabricated4575.000

Metals Week monthly averages, December 2024

Metals Week monthly averages (continued)

Metals Week Price Notification Monthly Report December 2024

© 2024 by S&P Global Inc. All rights reserved. 2

Ruthenium$/tr oz
MW NY Dealer mean424.375
Silver¢/tr oz
COMEX 1ST Position (C)3059.138
COMEX 2ND Position (C)3082.952
COMEX 3RD Position (C)3213.567
Handy& Harman3076.350
Engelhard Unfabricated3056.900
London Fix, Pence2406.600
London Fix, US3045.975
$/tr oz
London Silver Price30.460
Magnesium¢/lb
Magnesium 93% Alloy DDP US250.000
Magnesium 99.8% DDP US325.000
Silicon(¢/lb)
553 Grade Del US Midwest135.500
Titanium$/lb
MW US 70% Ferro3.550
MW US Turning 0.5%2.250
Cobalt$/lb
99.8% mixed-use basket A IW R’dam10.038
99.8% mixed-use basket B IW R’dam10.955
99.8% alloy use IW R’dam13.880
MW 99.8%/US Spot Cath mean15.560
Ferrochrome¢/lb
65% High Carbon IW US mean140.500
65% High Carbon IW US Low135.000
65% High Carbon IW US High146.000
Low Carbon .10% IW US mean257.500
Low Carbon .10% IW US Low255.000
Low Carbon .10% IW US High260.000

Metals Week Price Notification Monthly Report Contact Client Services: ci.support@spglobal.com; Americas: +1-800-752-8878;

Europe & Middle East: +44-20-7176-6111; Asia Pacific: +65-6530-6430

Metals Week Price Notification Monthly Report is published every month as a supplement to Metals Daily.

© 2024 by S&P Global Inc. All rights reserved.

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Low Carbon .05% IW US mean307.500
Low Carbon .05% IW US Low305.000
Low Carbon .05% IW US High310.000
60-65% High Carbon CIF Japan94.700
Ferromanganese¢/lb
High Carbon 76% IW US mean ($/gt)1157.000
High Carbon 76% IW US Low ($/gt)1124.000
High Carbon 76% IW US High ($/gt)1190.000
High Carbon 76% DDP EU Mean (Eur/mt)1020.000
High Carbon 76% DDP EU Low (Eur/mt)990.000
High Carbon 76% DDP EU High (Eur/mt)1050.000
Medium Carbon 85% IW US Mn Mean118.500
Medium Carbon 85% IW US Mn Low117.000
Medium Carbon 85% IW US Mn High120.000
Ferromolybdenum$/lb
MW US FeMo mean23.656
MW Europe 65% mean50.365
Stainless Scrap$/lt
NA FREE MKT 18-81202.000
EU CIF Rotterdam 18-8 (Eur/mt)1211.500
EU CIF Rotterdam 18-8 ($/mt)1269.267
Nickel Ore$/mt
Low-grade Nickel Ore CIF China36.01
High-grade Nickel Ore CIF China59.31
Nickel Pig Iron (NPI)$/mtu
NPI FOB Indonesia115.02
Ferrosilicon¢/lb
75% Si IW US mean122.500
75% Si IW US Low115.000
75% Si IW US High130.000
$/mt
75% CIF Japan1200.00
75% FOB China1186.00
Ferrovanadium$/lb
US Ferrovanadium13.600
Manganese$/dmtu
44% Mn Ore CIF Tianjin4.125
37% Mn Ore CIF Tianjin3.938
Iron Differential per 1% (\> 40% Mn Ore)0.030
Silica Differential per 1% (\> 40% Mn Ore)-0.020
Molybdenum$/lb
Dealer Oxide Midpoint/mean21.372
Dealer Oxide Low21.280
Dealer Oxide High21.464
Nickel$/lb
NY Dealer Cathode mean7.562
NY Dealer Cathode low7.561
NY Dealer Cathode high7.563
NY Dealer Melt mean7.562
NY Dealer Melt low7.561
NY Dealer Melt high7.563
Battery Metals$/mt
Lithium Carbonate DDP China10433
Lithium Hydroxide DDP China9652
Lithium Carbonate CIF North Asia10410
Recycled Lithium Carbonate CIF North Asia9410
Lithium Hydroxide CIF North Asia9433
Lithium Carbonate CIF Europe10555
Lithium Hydroxide CIF Europe9590
Lithium Carbonate DDP US11319
Lithium Hydroxide DDP US11419
Lithium Triangle - LiT FOB10000
Lithium Spodumene 5.5% Li2O CIF China767
Lithium Spodumene 6% Li2O FOB Australia797
Lithium Spodumene 0.1% differential13.28

to Spodumene 6% FOB Australia

Cobalt Sulfate DDP China3608
Cobalt Sulfate CIF North Asia4064
Cobalt Hydroxide CIF China12918.02

Metals Week Price Notification Monthly Report December 2024

© 2024 by S&P Global Inc. All rights reserved. 3

Nickel Sulfate DDP China3506
Nickel Sulfate Premium CIF Northeast Asia1740
Nickel Sulfate calculated price CIF Northeast Asia3839
Europe Nickel Sulfate premium2290

IW Rotterdam Europe Nickel Sulfate calculated 3960 price IW Rotterdam

Nickel Sulfate premium CIF US2757
Nickel Sulfate calculated price CIF US4064
MHP CIF North Asia basis LME Nickel12578
MHP CIF North Asia basis Nickel Sulfate12656
Manganese Sulfate DDP China835
Ni-Co Black Mass EXW Europe1938

calculated price Ni-Co Black Mass DDP US 2185 calculated price

Graphite

Natural Flake Graphite 94-95% C, FOB China402
Natural Flake Graphite 94-95% C, CIF432

Northeast Asia

Spherical Graphite 99.95% C, FOB China1779
Spherical Graphite 99.95% C, CIF1809

Northeast Asia

$/lb
Uncalcined Needle Coke DDP China (Import Parity)579
Yuan/mt
Uncalcined Needle Coke DDP China4916
Cobalt Hydroxide CIF China5.86
Yuan/mt
Cobalt Sulfate DDP China25938
Lithium Carbonate DDP China75000
Recycled Lithium Carbonate DDP China73914
Lithium Hydroxide DDP China69386
Lithium Carbonate CIF North Asia Import Parity84770
Nickel Sulfate DDP China25205
MHP CIF North Asia basis Nickel Sulfate90982
Manganese Sulfate DDP China5998
LFP Black Mass DDP China percent Lithium2735
Ni-Co Black Mass DDP China calculated price23104
%
MHP CIF North Asia payable basis LME Nickel80.00
MHP CIF North Asia payable basis Nickel Sulfate81.00
Ni-Co Black Mass DDP China Lithium payables73
Ni-Co Black Mass DDP China Cobalt payables73
Ni-Co Black Mass DDP China Nickel payables73
Ni-Co Black Mass EXW Europe Lithium payables0.00
Ni-Co Black Mass EXW Europe Cobalt payables65.40
Ni-Co Black Mass EXW Europe Nickel payables65.40
Ni-Co Black Mass DDP US Lithium payables (%)0.00
Ni-Co Black Mass DDP US Cobalt payables (%)67.00
Ni-Co Black Mass DDP US Nickel payables (%)67.00
Silicomanganese¢/lb
65% Mn IW US mean62.000
65% Mn IW US Low61.000
65% Mn IW US High63.000
$/mt
65% CIF Japan884.00

Platts Exchange Rates

USD.GBP London close1.265310
USD.AUD Singapore close0.634148
USD.JPY Singapore close0.006514
USD.EUR London close1.047590

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October 2025

Alumina$/mt
PAX FOB Australia318.98
PAX FOB Brazil-Australia differential24.80
PAX CIF China342.502
PAX Ex-works China403.526
PAX DBF Aus-China Handysize23.525
Calcined Petcoke$/mt
FOB US Gulf Coast485.000
Caustic Soda$/mt
FOB NE Asia387.500
CFR SE Asia452.500
Aluminum¢/lb
MW US Transaction207.902
MW US Transaction Premium81.517
US Aluminum all-in (basis CME)NA
US Low-Carbon Premium (US-LCAP)0.000
US-LCAP Transaction (All-in)207.902
US-LCAP All-in (Basis CME)204.055
MW US Net-Cash Premium80.517
US P1020 Import Duty67.641

MW US Transaction premium (implied duty-unpaid) 13.877 MW US Transaction price (implied duty-unpaid) 140.261 Aluminum P1020 Americas duty-unpaid

premiums basket (Americas DUP)12.355
MW US Market208.141
CIF New Orleans duty-unpaid premium10.285
CIF NOLA-MW freightNA
CIF NOLA-MW premium differential71.233
CIF Mexico P1020 Aluminum premium14.180
CIF Mexico P1020 Aluminum (All-in)140.565
$/mt
CIF Mexico P1020 Aluminum premium312.609
CIF Mexico P1020 Aluminum (All-in)3098.913

Aluminum P1020 Americas duty-unpaid

premiums basket (Americas DUP)272.384
CIF New Orleans duty-unpaid premium226.739
CIF NOLA-MW freightNA
US Aluminum all-in (basis CME)NA
US Low-Carbon Premium (US-LCAP)0.000
US-LCAP Transaction (All-in)4583.451
US-LCAP All-in (Basis CME)4498.637
Duty paid IW R’dam mid275.761
Duty paid IW R’dam low263.696
Duty paid IW R’dam high287.826
Duty unpaid IW R’dam mid188.152
Duty unpaid IW R’dam low175.870
Duty unpaid IW R’dam high200.435
LC price paid IW R’dam mid281.630
LC price paid IW R’dam low269.565
LC price paid IW R’dam high293.696
LC price unpaid IW R’dam mid198.152
LC price unpaid IW R’dam low185.870
LC price unpaid IW R’dam high210.435
ZC price paid IW R’dam mid370.874
ZC price paid IW R’dam low358.809
ZC price paid IW R’dam high382.939

Metals Week Price NotificationMonthly Report

ZC price unpaid IW R’dam mid287.396
ZC price unpaid IW R’dam low275.113
ZC price unpaid IW R’dam high299.678
LCAP paid IW R’dam5.870
LCAP unpaid IW R’dam10.000
ZCAP paid IW R’dam95.113
ZCAP unpaid IW R’dam99.243
Low-carbon 6060/6063 Billet DDP Germany507.430
Low-carbon 6060/6063 Billet DDP Italy521.520
Billet 6060/6063 DDP Germany497.430
Billet 6060/6063 DDP Italy511.520
European Aluminum scrap1705.220
CIF Japan premium59.727
CIF Japan Fixed Price Equivalent2846.636
CIF Japan Quarter Fixed Price Equivalent2886.909
CIF Major Asian Port (MAP) P1020 Premium72.091
Japan Low-Carbon Aluminum Premium53.27
Japan Low-Carbon Aluminum2899.91

Spot Price (All-in) Japan Low-Carbon Aluminum Quarterly 2940.18 Contract Price (All-in)

Asia Low-Carbon Aluminum Premium52.18
Asia Low-Carbon Aluminum2911.18

Spot Price (All-in)

CIF Brazil Premium244.400
Brazil DDP SE Prem, low ICMS242.000
Brazil DDP SE Prem, high ICMS121.500
Eur/mt
Alloy 226 delivered European works2284.000
Alloy 231 DDP Germany2329.000
Billet 6060/6063 DDP Germany427.430
Billet 6060/6063 DDP Italy439.540
European Aluminum scrap1705.220

high-grade auto shreds

¢/lb
MW A-380 ALLOY135.444
US MW Transaction-A380 SpreadNA
MW 319144.667
MW 356167.222
MW A356.2 Upcharge20.804
MW A356.2 (All-in)NA
MW F132161.444
MW US 413168.722
MW US B390183.778
US Old Cast86.222
US Old Sheet93.444
Mill-grade MLCCs104.889
US MW Transaction-Mill MLCCs SpreadNA
Smelter-grade MLCCs86.111
US HG Auto Shreds96.389
US LG Auto Shreds84.000
Turnings86.444
US Clean Aluminum Wheels127.217
US 6063 Billet Upcharge15.500
US 6063 New Bare Extrusion Scrap discount33.700
US 6063 New Bare Extrusion Scrap175.250
US 6022 New Bare Scrap discount36.500
US 6022 New Bare Scrap171.402
US 5052 New Bare Scrap discount24.700
US 5052 New Bare Scrap183.533
US Painted Siding97.800
US UBCs95.700
US MW Transaction-UBCs Spread112.064
pesos/kg
Old cast, del NE Mexico42.400
¢/lb conversion104.204
Old sheet, del NE Mexico37.600
¢/lb conversion92.406
UBCs, del NE Mexico36.500
¢/lb conversion89.702
6063 scrap del NE Mexico51.700
¢/lb conversion127.055
Copper¢/lb
COMEX HG 1ST Pos (C)501.985
COMEX HG 2ND Pos (C)506.143
COMEX HG 3RD Pos (C)522.652
¢/lb
MW No.1 Burnt Scrap43.250
MW No.1 Bare Bright32.500
MW No.2 Scrap59.250
NY Dealer Premium Cathode3.000
US Transaction506.985
Platts CCC Clean Copper Concentrates RC-4.169
Platts CCC Clean Copper Concentrates-46.72

Producer-Trader RC Differential

$/mt
CIF China premium49.727
CIF China EQ premium14.818
Platts CCC Clean Copper Concentrates TC-41.691
Platts CCC Clean Copper Concentrates-4.67

Producer-Trader TC Differential Platts CCC Clean Copper Concentrates 2868.545 outright

Lead¢/lb
North American Market108.778
Used lead-acid batteries US Midwest30.250
Used lead-acid batteries US Northeast31.375
Tin¢/lb
MW NY Dealer1690.444
Zinc¢/lb
MW NA SHG162.060
MW NA GAL162.060
MW Alloyer NO. 3185.864
Gold$/tr oz
COMEX 1ST Position (C)4044.374
COMEX 2ND Position (C)4215.639
Englehard Unfabricated4059.870
London Final4053.276
London Initial4058.278
Iridium$/tr oz
MW NY Dealer mean4317.500

Metals Week monthly averages, October 2025

Metals Week Price Notification Monthly Report October 2025

© 2025 by S&P Global Inc. All rights reserved. 2

Palladium$/tr oz
JM Base N. AMERI1431.565
Engelhard UNFAB1429.435
NYMEX EX NEARBY1456.400
MW NY Dealer mean1408.800
MW NY Dealer low1313.000
MW NY Dealer high1504.600
Platinum$/tr oz
JM Base N. AMERI1626.522
Engelhard UNFAB1625.000
NYMEX EX NEARBY1626.957
MW NY Dealer mean1610.800
MW NY Dealer low1540.000
MW NY Dealer high1681.600
Rhodium$/tr oz
MW NY Dealer mean7485.000
MW NY Dealer low7270.000
MW NY Dealer high7700.000
JM Base NA7631.522
Engelhard Unfabricated7686.957
Ruthenium$/tr oz
MW NY Dealer mean874.500
Silver¢/tr oz
COMEX 1ST Position (C)4842.239
COMEX 2ND Position (C)4871.609
COMEX 3RD Position (C)5050.365
Handy& Harman4943.943
Engelhard Unfabricated4967.348
London Fix, Pence3702.435
London Fix, US4943.326
$/tr oz
London Silver Price49.433

Metals Week Price Notification Monthly Report Contact Client Services: ci.support@spglobal.com; Americas: +1-800-752-8878;

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Metals Week Price Notification Monthly Report is published every month as a supplement to Metals Daily.

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Magnesium¢/lb
Magnesium 93% Alloy DDP US240.000
Magnesium 99.8% DDP US312.500
Silicon(¢/lb)
553 Grade Del US Midwest145.000
Titanium$/lb
MW US 70% Ferro2.470
MW US Turning 0.5%2.250
Cobalt$/lb
99.95% Ex Warehouse Shanghai23.342
99.8% mixed-use basket A IW R’dam20.657
99.8% mixed-use basket B IW R’dam20.687
99.8% alloy use IW R’dam21.826
MW 99.8%/US Spot Cath mean24.457
Ferrochrome¢/lb
65% High Carbon IW US mean175.000
65% High Carbon IW US Low170.000
65% High Carbon IW US High180.000
Low Carbon .10% IW US mean277.500
Low Carbon .10% IW US Low275.000
Low Carbon .10% IW US High280.000
Low Carbon .05% IW US mean352.500
Low Carbon .05% IW US Low350.000
Low Carbon .05% IW US High355.000
60-65% High Carbon CIF Japan105.600
Ferromanganese¢/lb
High Carbon 76% IW US mean ($/gt)1150.000
High Carbon 76% IW US Low ($/gt)1100.000
High Carbon 76% IW US High ($/gt)1200.000
High Carbon 76% DDP EU Mean (Eur/mt)956.000
High Carbon 76% DDP EU Low (Eur/mt)944.000
High Carbon 76% DDP EU High (Eur/mt)968.000
Medium Carbon 85% IW US Mn Mean113.000
Medium Carbon 85% IW US Mn Low112.000
Medium Carbon 85% IW US Mn High114.000
Ferromolybdenum$/lb
MW US FeMo mean30.200
MW Europe 65% mean56.880
Stainless Scrap$/lt
NA FREE MKT 18-81173.800
EU CIF Rotterdam 18-8 (Eur/mt)1010.000
EU CIF Rotterdam 18-8 ($/mt)1175.411
Nickel Ore$/mt
Low-grade Nickel Ore CIF China42.38
High-grade Nickel Ore CIF China63.67
Nickel Pig Iron (NPI)$/mtu
NPI FOB Indonesia115.82
Ferrosilicon¢/lb
75% Si IW US mean142.500
75% Si IW US Low135.000
75% Si IW US High150.000
$/mt
75% CIF Japan1080.00
75% FOB China1066.00
Ferrovanadium$/lb
US Ferrovanadium13.400
Manganese$/dmtu
44% Mn Ore CIF Tianjin4.482
37% Mn Ore CIF Tianjin4.060
Iron Differential per 1% (\> 40% Mn Ore)0.182
Silica Differential per 1% (\> 40% Mn Ore)-0.025
Molybdenum$/lb
Dealer Oxide Midpoint/mean24.752
Dealer Oxide Low24.674
Dealer Oxide High24.830

Metals Week Price Notification Monthly Report October 2025

© 2025 by S&P Global Inc. All rights reserved. 3

Nickel$/lb
NY Dealer Cathode mean7.441
NY Dealer Cathode low7.438
NY Dealer Cathode high7.443
NY Dealer Melt mean7.441
NY Dealer Melt low7.438
NY Dealer Melt high7.443
Battery Metals$/mt
Lithium Carbonate DDP China10660
Lithium Hydroxide DDP China10502
Lithium Carbonate CIF North Asia9486
Recycled Lithium Carbonate CIF North Asia9223
Lithium Hydroxide CIF North Asia9423
Lithium Carbonate CIF Europe9350
Lithium Hydroxide CIF Europe9446
Lithium Carbonate DDP US11393
Lithium Hydroxide DDP US11493
Lithium Triangle - LiT FOB9330
Lithium Spodumene 5.5% Li2O CIF China800
SpodIX CIF China880.320
Lithium Spodumene 6.0% Li2O FOB Australia855
Lithium Spodumene 0.1% differential14.26

to Spodumene 6.0% FOB Australia

Lithium Spodumene 5.5-6.0% Li2O FOB Brazil835
Cobalt Sulfate DDP China11391
Cobalt Sulfate CIF North Asia10891
Cobalt Hydroxide CIF China45164.65
Nickel Sulfate DDP China3986
Nickel Sulfate Premium CIF Northeast Asia118
Nickel Sulfate calculated price CIF Northeast Asia3391
Europe Nickel Sulfate premium1996

IW Rotterdam Europe Nickel Sulfate calculated 3807 price IW Rotterdam

Nickel Sulfate premium CIF US2593
Nickel Sulfate calculated price CIF USNA
MHP CIF North Asia basis LME Nickel13380
MHP CIF North Asia basis Nickel Sulfate13316
Manganese Sulfate DDP China801
High-nickel Ni-Co Black Mass CIF3873.66

South Korea calculated price Mid-nickel Ni-Co Black Mass CIF 3740.26 South Korea calculated price LCO Black Mass CIF South Korea 8531.60 calculated price Ni-Co Black Mass EXW Europe 2745 calculated price Ni-Co Black Mass DDP US 3044 calculated price

Graphite

Natural Flake Graphite 94-95% C, FOB China401
Natural Flake Graphite 94-95% C, CIF509

Northeast Asia

Spherical Graphite 99.95% C, FOB China1478
Spherical Graphite 99.95% C, CIF1586

Northeast Asia

$/lb
Uncalcined Needle Coke DDP China (Import Parity)668
Yuan/mt
Uncalcined Needle Coke DDP China5568
Cobalt Hydroxide CIF China20.49
Yuan/mt
Cobalt Metal 99.95% Ex Warehouse Shanghai365227
Cobalt Sulfate DDP China80841
Lithium Carbonate DDP China75658
Recycled Lithium Carbonate DDP China75276
Lithium Hydroxide DDP China74541
Lithium Carbonate CIF North Asia Import Parity76295
Nickel Sulfate DDP China28287
MHP CIF North Asia basis Nickel Sulfate94510
Manganese Sulfate DDP China5684
LFP Black Mass DDP China percent Lithium2911
Ni-Co Black Mass DDP China calculated price34359
%
MHP CIF North Asia payable basis LME Nickel88.63
MHP CIF North Asia payable basis Nickel Sulfate74.50
Ni-Co Black Mass DDP China Lithium payable71
Ni-Co Black Mass DDP China Cobalt payable74
Ni-Co Black Mass DDP China Nickel payable74
High-nickel Ni-Co Black Mass CIF South Korea0.00

Lithium payable High-nickel Ni-Co Black Mass CIF South Korea 77.40 Nickel payable High-nickel Ni-Co Black Mass CIF South Korea 77.40 Cobalt payable Mid-nickel Ni-Co Black Mass CIF South Korea 0.00 Lithium payable Mid-nickel Ni-Co Black Mass CIF South Korea 74.40 Nickel payable Mid-nickel Ni-Co Black Mass CIF South Korea 74.40 Cobalt payable LCO Black Mass CIF South Korea Lithium 0.00 payable LCO Black Mass CIF South Korea Cobalt 74.00 payable

Ni-Co Black Mass EXW Europe Lithium payable0.00
Ni-Co Black Mass EXW Europe Cobalt payable67.22
Ni-Co Black Mass EXW Europe Nickel payable67.22
Ni-Co Black Mass DDP US Lithium payable (%)0.00
Ni-Co Black Mass DDP US Cobalt payable (%)72.39
Ni-Co Black Mass DDP US Nickel payable (%)72.39
Cathode Active Material (CAM)$/mt
LFP CAM China production4425
LFP CAM Europe import4524
LFP CAM N America import4576
NMC811 CAM China production22904
NMC811 CAM Europe import23003
NMC811 CAM N America import23055
NMC622 CAM China production21222
NMC622 CAM Europe import21321
NMC622 CAM N America import21372
Yuan/mt
LFP CAM China production31406
NMC811 CAM China production162561
NMC622 CAM China production150618
$/kWh
LFP CAM China production9.219
LFP CAM Europe import9.425
LFP CAM N America import9.533
NMC811 CAM China production30.951
NMC811 CAM Europe import31.085
NMC811 CAM N America import31.155
NMC622 CAM China production32.775
NMC622 CAM Europe import32.928
NMC622 CAM N America import33.008
Yuan/kWh
LFP CAM China production65.430
NMC811 CAM China production219.676
NMC622 CAM China production232.615
Silicomanganese¢/lb
65% Mn IW US mean60.500
65% Mn IW US Low59.000
65% Mn IW US High62.000
$/mt
65% CIF Japan924.50

Platts Exchange Rates

USD.GBP London close1.335378
USD.AUD Singapore close0.654605
USD.JPY Singapore close0.006614
USD.EUR London close1.163774

BLS Data Viewer

Net Monthly Changes:

1-Month Net Change 3-Month Net Change

6-Month Net Change 12-Month Net Change

Percent Monthly Changes:

1-Month % Change 3-Month % Change

6-Month % Change 12-Month % Change

Latest Observation:

August 2025

136.868 Jan 2025 - Aug 2025 Minimum Value: January 2025 128.431

Maximum Value: August 2025 136.868

Data Availability:

2011 - 2025

Time Period: Start Year: 2025 End Year: 2025

Data extracted on: Nov 24, 2025 (12:57:53 PM)

PPI Industry Data

Series Title : PPI industry data for Sheet metal work mfg-Aluminum and other sheet metal work, not seasonally adjusted

Series ID : PCU332322332322G3

Seasonality : Not Seasonally Adjusted

Survey Name : PPI Industry Data

Measure Data Type : Aluminum and other sheet metal work

Industry : Sheet metal work mfg

Item : Aluminum and other sheet metal work

Footnotes

U.S. BUREAU OF LABOR STATISTICS

Permalink

Update

Al um in um a nd o th er sh ee t m et al w or k

PPI industry data for Sheet metal work mfg-Aluminum and other sheet metal work, not seasonally adjusted

PCU332322332322G3

Jan '25 Feb '25 Mar '25 Apr '25 May '25 Jun '25 Jul '25 Aug '25

Click and drag in the plot area to zoom in. Hover over chart to view data.

Source: U.S. Bureau of Labor Statistics.

.CSV.XLSX

2025 M01

Jan 128.431

2025 M02

Feb 129.603

2025 M03

Mar 129.741

2025 M04 2025 Apr 134.021

2025 M05 May

134.243 (P)

2025 M06

Jun

136.837 (P)

2025 M07 2025 Jul 136 858 (P)

Year Period Label Value

11/24/25, 10:59 AM BLS Data Viewer https://data.bls.gov/dataViewer/view/timeseries/PCU332322332322G3 1/2

File details come from the government source that posted it. Updated .