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NAICS 331410 · Nonferrous Metal (except Aluminum) Smelting and Refining

Top Treasury nonferrous metal (except aluminum) smelting and refining contractors

In the 12 months ending Oct 5, 2026, the Department of the Treasury obligated $1.5B in net prime contract dollars under NAICS 331410, up 3.0% from $1.4B in the preceding 12 months. 6 prime contractors received positive obligations, and 1 of them accounted for 80% of that spend.

Prime contracts funded by the Department of the Treasury. Latest 12 months: Oct 6, 2025 to Oct 5, 2026. Source: USAspending.gov.

Net obligations, latest 12 months
$1.5B
up 3.0% vs. $1.4B
Prime contractors
6
With positive obligations
Top 8 primes’ share
100.0%
Of positive obligations
Awards with activity
362
240 in the prior 12 months

Obligations by fiscal year

Net prime contract obligations by federal fiscal year (October to September).

FY2022
$2.2B
FY2023
$2.0B
FY2024
$1.1B
FY2025
$1.5B
FY2026
$1.5B

Top Treasury contractors for NAICS 331410

Ranked by positive obligations in the latest 12 months. Share is of all positive obligations in this market.

Top contractors, Treasury NAICS 331410
#ContractorLatest 12 moPrior 12 moShareRank change
1Stonex Financial Ltd$1.3B$1.3B86.6%—
2Coins 'N Things, Inc.$80.5M$05.4%New
3The Toronto-Dominion Bank$40.6M$63.6M2.7%▼ 1
4A-Mark Precious Metals, Inc.$39.7M$55.0M2.7%▼ 1
5J. Aron & Company LLC$34.5M$02.3%New
6Manfra, Tordella & Brookes, LLC$5.4M$00.4%New

What changed in the last 12 months

Contractors with the largest change in reported obligations versus the preceding 12 months.

Largest gains

  • Coins 'N Things, Inc.
    $0 → $80.5M (+$80.5M) · now #2
  • J. Aron & Company LLC
    $0 → $34.5M (+$34.5M) · now #5
  • Manfra, Tordella & Brookes, LLC
    $0 → $5.4M (+$5.4M) · now #6

Largest declines

  • Stonex Financial Ltd
    $1.3B → $1.3B (−$38.8M) · now #1
  • The Toronto-Dominion Bank
    $63.6M → $40.6M (−$23.0M) · now #3
  • A-Mark Precious Metals, Inc.
    $55.0M → $39.7M (−$15.4M) · now #4

New to this market

2 contractors received their first obligations in this market (since FY2022) during the latest 12 months. The largest:

New contractors
ContractorFirst obligationLatest 12 mo
J. Aron & Company LLCJul 21, 2026$34.5M
Manfra, Tordella & Brookes, LLCSep 23, 2026$5.4M

Where the money comes from

Funding sub-agencies within the Department of the Treasury, latest 12 months. The funding organization can differ from the office that runs the requirement.

Funding sub-agencies
Funding sub-agencyLatest 12 moPrior 12 moChange
United States Mint$1.5B$1.4BUp $43.2M (3.0%)

Common questions

Who are the top Treasury contractors for NAICS 331410?

In the latest 12 months, Stonex Financial Ltd ($1.3B), Coins 'N Things, Inc. ($80.5M), The Toronto-Dominion Bank ($40.6M) received the most Treasury obligations for nonferrous metal (except aluminum) smelting and refining.

How concentrated is this market?

The eight largest primes held 100.0% of positive obligations, and Stonex Financial Ltd alone held 86.6%. 2 contractors won their first obligations in this market during the latest 12 months.

Related markets

Figures are net obligations on prime contracts (award types A–D) from USAspending.gov, grouped by funding agency and the NAICS code on each award. Net obligations include deobligations and corrections, so they can differ from positive-obligation totals. See methodology.

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