The week’s biggest mover on the weekly Automotive MMI® was the price of US palladium bar, which saw a 5.4 percent decline to $616.00 per ounce. This comes on the heels of a 12.0 percent increase the week before.
Following a 9.8 percent increase in the week prior, the price of US platinum bar fell 3.3 percent last week to $1,502 per ounce.
Closing out the third week of rising prices, the price of US HDG increased by 0.5 percent.
The 3-month price of copper fell 0.7 percent on the LME to $7,524 per metric ton after rising 2.5 percent the week before. Following a 2.5 percent increase in the week prior, the cash price of primary copper fell 0.4 percent on the LME last week to $7,540 per metric ton. Last week, the price of Chinese lead shifted up slightly, rising by 0.2 percent.
Korean 5052 coil premium over 1050 aluminum sheet prices held steady from the previous week, below $4 per kilogram.
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.