The week’s biggest mover on the Renewables MMI® was the price of silicon, which rose 8.2 percent for the week, after falling 1.5 percent during the previous week. The price of Chinese cobalt cathodes, meanwhile, saw a 2 percent decline since last week. This reverses a 2 percent increase the week prior.
Prices for neodymium remained constant, as did prices for Chinese steel plate. But, the price of US steel plate rose 0.2 percent after falling 0.8 percent during the previous week.
At above $1,000 per metric ton, the price of Japanese steel plate did not change since the previous week. Korean steel plate remained essentially flat as well, holding between $900 and $950 per metric ton. Steady at above $700 per metric ton, the week finished with no movement for Chinese steel plate.
The price of US grain-oriented electrical steel (GOES) remains steady this week, and will be updated later this month.
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.