The week’s biggest mover on the weekly Automotive MMI® was the copper cash price, which saw a 1.9 percent decline on the LME to $7,385 per metric ton. This comes on the heels of a 0.4 percent increase the week before.
Following a 0.3 percent increase in the week prior, the 3-month price of copper fell 1.8 percent on the LME last week to $7,390 per metric ton.
The price of Chinese lead fell one percent after rising 0.3 percent the week before. Korean 5052 coil premium over 1050 sheet prices held steady from the previous week.
Finishing the fourth week of rising prices, the price of US HDG increased by 0.4 percent.
Following a 2.4 percent increase in the week prior, the price of US palladium bar fell one percent last week to $581.00 per ounce. The price of US platinum bar rose 0.6 percent over the past week to $1,415 per ounce. This was the third week in a row of increasing prices.
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.