Renewables MMI®: Neodymium Price Falls Nearly 5%

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On the weekly Renewables MMI®, neodymium finished as the week’s biggest mover with a 4.7 percent decline.

Chinese steel plate saw a 3.5 percent drop-off this week. The price of silicon fell 2.9 percent over the past week, the third week in a row of declining prices. At above $36,000 per metric ton, the week finished with no movement for Chinese cobalt cathodes.

Prices for Japanese steel plate remained constant, closing the week above $1,000 per metric ton. Korean steel plate prices held steady from the previous week, below $1,000 per metric ton. Chinese steel plate finished the week after falling 3.5 percent. The price of US steel plate fell 2.2 percent over the past week, its third week in a row of declining prices.

The price of US grain-oriented electrical steel (GOES) fell 5.8 percent 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.

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