The week’s biggest mover on the Renewables MMI® was the price of silicon, which saw an 8.6 percent increase. This comes on the heels of a 7.9 percent decline the week prior.
Chinese cobalt cathodes closed out the week after a two percent decline. The neodymium remained unchanged for the week. Chinese steel plate remained essentially flat from the previous week at below $750 per metric ton.
Asian steel plate, meanwhile, kept steady, while US steel plate prices moved.
Japanese steel plate prices held steady from the previous week at above $1,000 per metric ton. Hovering between $900 and $1,000 per metric ton, the week finished with no movement for Korean steel plate. Chinese steel plate traded sideways last week as well, while the price of US steel plate fell 1.1 percent last week, following a 0.2 percent increase in the week prior.
As a reminder, the price of US grain-oriented electrical steel (GOES) fell 5.8 percent in from April to May. The GOES price will be updated in the last week of the 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.