In a complete about-face, the week’s biggest mover on the weekly Renewables MMI® was the price of silicon, which saw a 9.8 percent increase. This comes on the heels of a nine percent decline the week prior.
The price of Chinese cobalt cathodes rose 2.7 percent after falling 3.5 percent during the previous week. Neodymium prices held steady from the previous week while, after a steady week, prices for Chinese steel plate closed flat above $600 per metric ton.
Holding north of $1,000 per metric ton, the price of Japanese steel plate did not change since the previous week. Prices for Korean steel plate remained constant, and Chinese steel plate remained unchanged for the week. The price of US steel plate rose 0.3 percent after falling 1.1 percent during the previous week.
The price of US grain-oriented electrical steel (GOES) increased 1.1 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.