The week’s biggest mover on MetalMiner’s weekly Automotive MMI® was the price of US HDG, which saw a 2.6 percent increase. The week marked the fourth in a row of rising prices for the metal.
The cash price of primary copper settled at $7,525 per metric ton this week after shifting up 0.4 percent on the LME. Last week, the 3-month price of copper increased by a slight 0.3 percent on the LME to $7,525 per metric ton.
The Chinese lead price rose 0.3 percent over the period. Following a steady week, prices for Korean 5052 coil premium over 1050 sheet closed with no change.
US palladium bar saw its price rise 2.4 percent over the past week to $587.00 per ounce. The price of US platinum bar rose 1.3 percent to $1,407 per ounce after falling 1.1 percent during the previous week.
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.