SINGAPORE, May 6, 2014 /PRNewswire/ -- Global energy and commodity price reporting agency Argus has bought Metal-Pages, a specialist pricing, news and analysis service focusing on speciality metals, rare earths and ferro-alloys. The acquisition will greatly increase the range of Argus information available to the metals sector.
Metal-Pages was established in 2000 and publishes 230 individual metals prices on a twice-weekly basis. Its coverage is international with a particular strength in Asia, where it operates a Chinese language website with domestic prices and news. Metal-Pages also has contributors in India, South Africa, the US, South America and Europe, complementing Argus' global network of offices.
Metal-Pages price assessments are used by producers, consumers and trading companies as a reference price in spot and term contracts as well as to value stock and evaluate new projects and opportunities. In addition to price information, Metal-Pages publishes information on supply and demand fundamentals, news and analysis and runs market-leading conferences. Metals-Pages staff will join Argus' international team.
Argus Media chairman and chief executive Adrian Binks said: "Metal-Pages is a great fit with Argus' existing product range. We have been growing our metals business in recent years, reporting on steel feedstocks, iron ore and coking coal markets, and Metal-Pages will help us to increase our level of service significantly. Metal-Pages is a dedicated, expert provider of information on opaque markets and as such ties in well with the rest of the Argus business."
Metal-Pages founder and chief executive Nigel Tunna said: "Argus is growing rapidly and we feel excited at the prospect of using its distribution network, contacts and resources to grow our coverage and expand our service further. Independent, reliable price information and other information services are greatly valued by the metals industry and we have many mutual ideas about how we can develop our products further, both in terms of content and also enhanced delivery and usability options."
Terms of the acquisition were not disclosed.
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About Argus Media
Argus is an independent media organisation with almost 600 full time staff. It is headquartered in London and has offices in each of the world's principal commodity centres. Its main activities comprise publishing market reports containing price assessments, market commentary and news, and business intelligence reports that analyse market and industry trends.
More than half of Argus employees are commodity journalists who specialise in reporting news and price information relating to physical energy and related commodity markets. They operate according to a rigorous Editorial Code of Conduct and a compliance and ethics policy that align with best journalistic practice, including the avoidance of conflicts of interest.
Argus is a leading provider of data on prices and fundamentals, news, analysis, consultancy services and conferences for the global crude, oil products, natural gas, electricity, coal, emissions, bioenergy, fertilizer, petrochemical, metals and transportation industries. Data provided by Argus are widely used for indexation of physical trade. Companies, governments and international agencies use Argus information for analysis and planning purposes.
Argus has 19 offices globally, including London, Houston, Washington, New York, Calgary, Rio de Janeiro, Singapore, Dubai, Beijing, Tokyo, Sydney, Moscow, Astana and other key centres of the commodity industries. Argus was founded in 1970 and is a privately held UK-registered company.
SOURCE Argus Media