Silicon dropped 8.1 percent, making it the biggest mover on the Renewables MMI® this week. Chinese cobalt cathodes saw a two percent decline over the past week, and Chinese steel plate fell 0.8 percent over the past week as well. Neodymium traded sideways last week.
Japanese steel plate remained essentially flat from the previous week at below $1,000 per metric ton. Following a steady week, prices for Korean steel plate closed at KRW 1.1 million between $950 and $975 per metric ton. Chinese steel plate prices were off slightly, holding above $750 per metric ton, down from a week ago. The price of US steel plate rose 0.2 percent after falling 0.5 percent during the previous week.
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.