Copper Price Falls Fourth Week in a Row on Auto Metals Index

by MetalMiner IndX Reports on

The biggest mover on MetalMiner’s weekly automotive metals price index was the 3-month price of copper, which saw a 2.2 percent decline on the LME to $7,654 per metric ton. Last week marked the fourth in a row of declining prices for the metal.

The primary copper cash price dropped 2 percent on the LME this week, closing out the third consecutive week of falling prices at $7,660 per metric ton.

today's metal prices - MetalMiner IndXThe Chinese lead price fell 0.3 percent over the past week. This was the fourth week in a row of declining prices. Prices for Korean 5052 coil premium over 1050 sheet remained constant.

The price of US HDG steel rose 1.5 percent after falling 0.3 percent during the previous week.

Following a 0.6 percent increase in the week prior, the price of US platinum bar fell 1.7 percent last week. US palladium bar gained a slight 1.7 percent this past week.

The Automotive MMI® collects and weights 7 metal price points used in automotive production to provide a unique view into automotive metal trends. For more information on the Automotive MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

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