Renewables MMI®: Neodymium Price Falls by 3.5%

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Neodymium prices dropped, making the rare earth metal the biggest mover on the weekly Renewables MMI® this week, after drifting 3.5 percent.

Chinese cobalt cathodes saw its price rise 1.6 percent over the past week. The price of silicon did not change since the previous week. Prices for Chinese steel plate also closed flat.

The price of US steel plate declined 0.9 percent over the past week, while Japanese steel plate, Korean steel plate and Chinese steel plate.

The price of US grain-oriented electrical steel (GOES) increased 2.4 percent this month. Keep an eye on the MetalMiner IndX℠ for the GOES price update coming later 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.

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