Neodymium Price Drops on Weekly Renewable Energy Index

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On the weekly Renewables MMI®, neodymium finished as the week’s biggest mover with a 5.1 percent decline.

Chinese cobalt cathodes saw a 0.4 percent decline over the past week, while prices for silicon closed flat. Chinese steel plate remained essentially flat from the previous week as well.

The week finished with no movement for Japanese, Korean and Chinese steel plate. The price of US steel plate, however, fell 2.1 percent over the past week — the fourth week in a row of declining prices.

The price of US grain-oriented electrical steel (GOES) fell 12 percent 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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