Compare current prices, market trends and material costs worldwide with costdata® raw material data - for well-founded decisions in purchasing & production.

Whether steel, copper, nickel or rare earths - raw materials form the basis of industrial value creation. However, their prices are subject to enormous fluctuations: geopolitical events, shifts in demand, supply bottlenecks or energy prices have a significant impact on material costs. Companies that have access to daily updated, structured commodity price data can identify risks at an early stage and precisely manage their materials strategy. The Raw Materials Commodity Data from costdata® provides a reliable database for this purpose.

Global market prices and material comparisons at a glance

The database contains current and regularly updated price information for ferrous and non-ferrous metals, rare earths, precious metals and other raw materials. Prices are differentiated by region, supplemented with historical developments and, if desired, also provided depending on purchase quantities or processing methods. This creates transparent comparison options - for example between purchasing regions, suppliers or alternative materials.

This information is particularly valuable for production planning, global procurement or supply chain analyses. Futures data also helps you anticipate developments and integrate them into your own materials strategy.

Realistically calculate and optimize material costs

A key advantage is the ability to calculate material costs on a real market basis - whether in early development phases or during ongoing series production. By combining this with product pricing data and benchmarking modules, optimization potential can be identified and design-to-cost initiatives supported. In this way, technological requirements, material availability and economic objectives can be better coordinated.

Make-or-buy decisions or the selection of new suppliers can also be prepared on the basis of facts - with global data instead of isolated individual values.

Better negotiation, better planning: deployment along the value chain

Purchasing departments benefit from the data, particularly when negotiating with suppliers: Raw material prices close to the market create comparability and room for negotiation. At the same time, the data supports project planning and controlling, for example when hedging costs for long-term projects or evaluating material alternatives in the context of sustainable production.

In combination with supply chain management data, this provides a comprehensive view of raw material availability, price risks and global procurement markets - a clear advantage for internationally active companies.

Conclusion: Commodity data with substance - for well-founded decisions

The Raw Materials Commodity Prices Data from costdata® gives companies access to a comprehensive information package comprising market prices, historical developments, material profiles and strategically usable comparative data. This makes material decisions more transparent, procurement more efficient and production costs more reliably plannable.

➡️ Request a free demo now and make better decisions with a data-based material strategy: www.costdata.de/daten

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