With the recent news and developments around automotive weight reduction, this week’s story on our automotive metals index centers around a metal with perhaps the smallest fraction of per-vehicle weight: palladium.
The week’s biggest mover on the weekly Automotive MMI® was the price of US palladium bar, which saw a 3.8 percent increase. This comes on the heels of a 6.3 percent decline the week prior. The price of US platinum bar rose 3.1 percent after falling 0.2 percent during the previous week.
The price of US HDG fell 1.8 percent over the past week. This was the fourth week in a row of declining prices for US hot dipped galvanized.
The 3-month price of copper rose 1.9 percent on the LME to $8,284 per metric ton after falling 2.4 percent during the previous week. The primary copper cash price rose 1.8 percent on the LME to $8,276 per metric ton after falling 2.3 percent during the previous week.
The China lead price rose 0.2 percent after falling 0.3 percent during the previous week. The price of Korean 5052 coil premium over 1050 sheet did not change since the previous week.
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.