This NAICS page summarizes federal obligations for nonferrous metal (except aluminum) smelting and refining, with spending concentrated in Treasury’s United States Mint and a smaller share across defense and civilian agencies. The vendor base is dominated by INTL FCStone Ltd, StoneX Financial Ltd, The Toronto-Dominion Bank, A-Mark Precious Metals, and Sunshine Minting.
NAICS Industry
NAICS 331410 Federal Contract Obligations (Last 5 Years)
Federal procurement for NAICS 331410 covers 1,952 award actions totaling $8.54 billion over the last 5 years, led by the United States Mint.
Totals reflect readable and exact obligations from the last 5 years and may differ slightly due to rounding.
NAICS Code
331410
Industry
NONFERROUS METAL (EXCEPT ALUMINUM) SMELTING AND REFINING
Total Obligated
8.54 billion
8,538,938,464.56
Award Actions
1,952
Average Action Value
4,374,456.18
About NAICS 331410 federal contract activity
NAICS 331410, NONFERROUS METAL (EXCEPT ALUMINUM) SMELTING AND REFINING, accounts for $8.54 billion in obligated spending across 1,952 awards over the last 5 years, with an average award value of $4.37 million. The profile is highly concentrated, with a small number of buyers and vendors accounting for most activity.
Agency demand and leading federal buyers
The UNITED STATES MINT dominates this NAICS, representing $8.51 billion and 1,756 awards, or nearly all obligated spending in the period. The remaining agency activity is limited by comparison, led by the DEFENSE LOGISTICS AGENCY at $13.90 million and the DEPT OF THE NAVY at $10.31 million, with only minor obligations from NASA and the DEPT OF THE AIR FORCE.
Vendor concentration and leading contractors
Vendor activity is similarly concentrated. INTL FCSTONE LTD leads with $5.11 billion and 1,522 awards, followed by STONEX FINANCIAL LTD at $1.40 billion, THE TORONTO-DOMINION BANK, at $709.32 million, A-MARK PRECIOUS METALS, INC. at $545.85 million, and SUNSHINE MINTING, INC. at $318.92 million.
Annual contract trend over the analysis window
Annual obligations peaked in 2022 at $2.05 billion and remained elevated in 2023 at $1.98 billion before easing to $1.30 billion in 2024 and $1.25 billion in 2025. Award counts followed a similar pattern, rising to 459 in 2022 and then declining to 265 in 2024 before increasing again to 357 in 2025.
How to interpret this page
This page summarizes FPDS obligations tied to NAICS code 331410 over the last 5 years using total obligated dollars, award counts, and average award value. Agency, vendor, and annual trend views reflect the same analysis window and are based on the provided FPDS Query aggregates.
Top Agencies
SELECT
agency_id,
agency_name,
total_obligated,
award_count,
formatReadableQuantity(total_obligated) AS total_obligated_readable
FROM
(
SELECT
content__award__purchaserInformation__contractingOfficeAgencyID AS agency_id,
anyHeavy(content__award__purchaserInformation__contractingOfficeAgencyID__name) AS agency_name,
sum(content__award__dollarValues__obligatedAmount) AS total_obligated,
count() AS award_count
FROM fpds.data
WHERE
contract_type = 1
AND content__award__productOrServiceInformation__principalNAICSCode = '331410'
AND content__award__purchaserInformation__contractingOfficeAgencyID IS NOT NULL
AND content__award__purchaserInformation__contractingOfficeAgencyID != ''
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) >= toStartOfYear(now()) - INTERVAL 5 YEAR
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) < toStartOfYear(now())
GROUP BY agency_id
)
ORDER BY total_obligated DESC
LIMIT 10| Agency ID | Agency Name | Total Obligated | Readable | Award Actions |
|---|---|---|---|---|
| 2044 | UNITED STATES MINT | 8,514,486,722.01 | 8.51 billion | 1,756 |
| 97AS | DEFENSE LOGISTICS AGENCY | 13,900,858.46 | 13.90 million | 21 |
| 1700 | DEPT OF THE NAVY | 10,314,195.59 | 10.31 million | 161 |
| 8000 | NATIONAL AERONAUTICS AND SPACE ADMINISTRATION | 119,400.00 | 119.40 thousand | 3 |
| 5700 | DEPT OF THE AIR FORCE | 49,792.50 | 49.79 thousand | 5 |
| 2100 | DEPT OF THE ARMY | 40,161.00 | 40.16 thousand | 5 |
| 1900 | STATE, DEPARTMENT OF | 27,335.00 | 27.34 thousand | 1 |
Insight
Obligations under NAICS 331410 are highly concentrated in the United States Mint, which accounts for 8.51 billion of the 8.54 billion obligated over the last 5 years and 1,756 of 1,952 awards. The next largest obligations are far smaller: Defense Logistics Agency at 13.90 million and the Department of the Navy at 10.31 million, indicating a steep drop-off after the dominant buyer. The remaining agencies each represent only negligible shares of total obligations, with awards and dollars dispersed across very small values.
Top Vendors
SELECT
vendor_name,
cage_code,
total_obligated,
award_count,
formatReadableQuantity(total_obligated) AS total_obligated_readable
FROM
(
SELECT
content__award__vendor__vendorHeader__vendorName AS vendor_name,
anyHeavy(content__award__vendor__vendorSiteDetails__entityIdentifiers__cageCode) AS cage_code,
sum(content__award__dollarValues__obligatedAmount) AS total_obligated,
count() AS award_count
FROM fpds.data
WHERE
contract_type = 1
AND content__award__productOrServiceInformation__principalNAICSCode = '331410'
AND content__award__vendor__vendorHeader__vendorName IS NOT NULL
AND content__award__vendor__vendorHeader__vendorName != ''
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) >= toStartOfYear(now()) - INTERVAL 5 YEAR
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) < toStartOfYear(now())
GROUP BY vendor_name
)
ORDER BY total_obligated DESC
LIMIT 10| Vendor | CAGE Code | Total Obligated | Readable | Award Actions |
|---|---|---|---|---|
| INTL FCSTONE LTD | U1MU4 | 5,114,683,873.35 | 5.11 billion | 1,522 |
| STONEX FINANCIAL LTD | U1MU4 | 1,401,617,115.34 | 1.40 billion | 90 |
| TORONTO-DOMINION BANK, THE | L03P3 | 709,324,844.38 | 709.32 million | 51 |
| A-MARK PRECIOUS METALS, INC. | 3DXE7 | 545,846,655.55 | 545.85 million | 37 |
| SUNSHINE MINTING, INC. | 1XMQ7 | 318,920,522.87 | 318.92 million | 22 |
| BANK OF MONTREAL | 7UYE8 | 162,194,884.23 | 162.19 million | 15 |
| LEACHGARNER, INC. | 1A447 | 143,323,518.52 | 143.32 million | 9 |
| COINS 'N THINGS, INC. | 5ZQW5 | 118,575,307.77 | 118.58 million | 10 |
| GLOBAL ADVANCED METALS USA INC | 7MNJ3 | 8,718,900.00 | 8.72 million | 5 |
| T & T MATERIALS INC | 4ETZ7 | 2,862,850.20 | 2.86 million | 17 |
Insight
Top vendor obligations in NAICS 331410 are highly concentrated: INTL FCSTONE LTD accounts for 5.11 billion of 8.54 billion obligated over the last 5 years, or about 60% of total obligations, across 1,522 of 1,952 awards. STONEX FINANCIAL LTD adds another 1.40 billion, bringing the top two vendors to roughly 77% of total obligated dollars. The remaining vendors are materially smaller, with obligations dropping below 710 million after the top three and below 163 million after the top six, indicating a steep vendor concentration profile.
Annual Trend
SELECT
year,
total_obligated,
award_count,
formatReadableQuantity(total_obligated) AS total_obligated_readable
FROM
(
SELECT
toYear(parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate)) AS year,
sum(content__award__dollarValues__obligatedAmount) AS total_obligated,
count() AS award_count
FROM fpds.data
WHERE
contract_type = 1
AND content__award__productOrServiceInformation__principalNAICSCode = '331410'
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) >= toStartOfYear(now()) - INTERVAL 5 YEAR
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) < toStartOfYear(now())
GROUP BY year
)
ORDER BY year DESC| Year | Total Obligated | Readable | Award Actions |
|---|---|---|---|
| 2025 | 1,250,390,037.67 | 1.25 billion | 357 |
| 2024 | 1,298,782,725.46 | 1.30 billion | 265 |
| 2023 | 1,975,023,274.30 | 1.98 billion | 445 |
| 2022 | 2,051,804,469.03 | 2.05 billion | 459 |
| 2021 | 1,957,811,558.10 | 1.96 billion | 425 |
Insight
Over the last 5 years, NAICS 331410 obligated $8.54 billion across 1,952 awards, with an average award value of $4.37 million, indicating a moderately concentrated spend profile. Obligations were highest in 2021 through 2023, peaking at $2.05 billion in 2022, before declining to $1.30 billion in 2024 and $1.25 billion in 2025. Award volume followed a similar pattern, rising from 425 in 2021 to 459 in 2022, then falling to 265 in 2024 before rebounding to 357 in 2025, suggesting lower obligation levels in the most recent years with continued active award distribution.
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