US steel plate dropped 0.5 percent on the Renewables MMI®, making it the week’s biggest mover on the index. US grain-oriented electrical steel (GOES), also part of the Renewables MMI®, updates monthly during the last calendar week of the month on the MetalMiner IndX℠. Closing above $960 per metric ton, Korean steel plate remained unchanged for the week. At above $980 per metric ton, the week finished with no movement for Japanese steel plate.
Chinese renewables prices were flat for the week. Chinese cobalt cathodes remained essentially flat from the previous week at below $40,000 per metric ton. Silicon prices held steady from the previous week above $2,300 per metric ton. Following a steady week, prices for neodymium closed flat in the mid-$113,000 per metric ton range. At below $770 per metric ton, the week finished with no movement for Chinese steel plate.
The Renewables MMI® collects and weights 8 metal price points used extensively within the renewable energy industry to provide a unique view into renewable energy metal price trends. For more information on the Renewables MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.