Neodymium Price Drops Nearly 10% on Weekly Renewables Energy Index

A 9.8 percent decline in neodymium made it the biggest mover of the week on the weekly Renewables MMI®.

Chinese cobalt cathodes saw a 0.9 percent decline over the past week, while following a steady week, prices for silicon closed flat above $2,000 per metric ton.

Steel plate looked pretty steady, while the GOES price moved late last month…

At below $650 per metric ton, the price of Chinese steel plate did not change since the previous week. Japanese steel plate traded sideways last week, hovering around $1,000 per metric ton.

Holding north of $950 per metric ton, the week finished with no movement for Korean steel plate. Chinese steel plate prices held steady from the previous week as well, and the price of US steel plate fell 0.1 percent over the past week. This was the third week in a row of declining prices.

The price of US grain-oriented electrical steel (GOES) rose late last month, increasing 1.1 percent.

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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