US palladium bar prices rose 2.8 percent to finish as the biggest mover on MetalMiner’s weekly automotive metals price index. The price of US platinum bar rose 2 percent after falling 1.7 percent during the previous week.
In the past week, US HDG steel saw its price shift up 1.5 percent.
The cash price of primary copper fell 0.3 percent on the LME over the past week to $7,634 per metric ton. This was the fourth week in a row of declining prices. The 3-month price of copper fell 0.2 percent on the LME over the past week to $7,642 per metric ton. This was the third week in a row of declining prices.
The Chinese lead price rose 0.2 percent after falling 0.3 percent during the previous week. Korean 5052 coil premium over 1050 sheet prices held steady from 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.