On the weekly Renewables MMI®, the silicon price rose 1.6 percent to finish as the week’s biggest mover.
Chinese cobalt cathodes prices held steady from the previous week, and neodymium and Chinese steel plate both did not move last week.
Japanese, Korean and Chinese steel plate prices all held pat as well, while the price of US steel plate fell 0.9 percent over the past week. This was the third week in a row of declining prices for US steel plate.
The price of US grain-oriented electrical steel (GOES) dropped 12 percent for 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.