As the biggest mover on MetalMiner’s weekly renewable energy metals index, Chinese steel plate jumped 2 percent.
Chinese cobalt cathodes remained essentially flat from the previous week, which was the same story for prices for silicon. Neodymium prices held steady too.
Japanese steel plate remained unchanged for the week. Korean steel plate traded sideways last week, while the price of US steel plate finished the week down 0.8 percent.
The price of US grain-oriented electrical steel (GOES) coil rose 10.7 percent this month, driving the GOES monthly index to increase 10.5 percent.
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.