The week’s biggest mover on the weekly Automotive MMI® was the price of US platinum bar, which saw a 4.5 percent decline to $1,405 per ounce. This comes on the heels of a 5.7 percent increase the week before. The price of US palladium bar fell 2.4 percent to $573.00 per ounce after rising 2.8 percent the week before.
The price of US HDG dropped 0.5 percent this week, closing out the third consecutive week of falling prices.
Following a 4.8 percent increase in the week prior, the primary copper cash price fell 2.3 percent on the LME last week to $7,525 per metric ton. The copper 3-month price fell 2.3 percent on the LME to $7,520 per metric ton after rising 4.9 percent the week before. The Chinese lead price rose 0.2 percent over the past week. Following a steady week, prices for Korean 5052 coil premium over 1050 sheet closed flat.
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.