The week’s biggest mover on the weekly Renewables MMI® was the price of silicon, which saw a 9 percent decline. This comes on the heels of a 9.8 percent increase the week before.
The price of Chinese cobalt cathodes fell 3.1 percent after rising 2.7 percent the week before. In the past week, neodymium saw its price shift up 1.8 percent. Chinese steel plate closed out the week with a 1.8 percent decline.
Japanese steel plate remained unchanged for the week. Above $970 per metric ton, the price of Korean steel plate did not change since the previous week. Chinese steel plate prices were off slightly, dropping more than $10 per metric ton from a week ago. US steel plate prices held steady from the previous week, holding around $800 per short ton.
The price of US grain-oriented electrical steel (GOES) rose 2.3 percent this month, the second straight rising 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.