The week’s biggest mover on the weekly Automotive MMI® was the cash price of primary copper, which saw a 2.6 percent decline on the LME to $7,395 per metric ton. This comes on the heels of a 0.9 percent increase the week before. Following a one percent increase the week prior, the copper 3-month price fell 2.5 percent on the LME last week to $7,403 per metric ton.
The Chinese lead price fell 1.5 percent, after rising 1.5 percent the week before. Korean 5052 coil premium over 1050 sheet remained essentially flat from the previous week.
US HDG finished the week with a 1.2 percent increase.
Following a 1.7 percent increase in the week prior, the price of US palladium bar fell 2.4 percent last week to $569.00 per ounce. The price of US platinum bar fell 0.9 percent to $1,404 per ounce after rising 0.9 percent the week before.
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.