Neodymium Price Drops Hard on Renewable Energy Metals Index

Neodymium’s 9.2 percent decline made it this week’s biggest mover on the weekly Renewables MMI®. The price of US grain-oriented electrical steel (GOES) dropped 12 percent this month, confirming many market-watchers’ forecasts.

With a 3.1 percent climb, Chinese steel plate claimed the week’s second-largest move. Chinese cobalt cathodes saw its price rise 1.3 percent over the past week. Silicon traded sideways last week.

The price of US steel plate fell 0.6 percent over the past week. This was the third week in a row of declining US steel plate prices.

The week finished with no movement for Japanese steel plate, and prices for Korean steel plate closed flat.

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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