The week’s biggest mover on the weekly Automotive MMI® was the price of US palladium bar, which saw a 4.2 percent increase. Last week marked the fourth in a row of rising prices for the metal. The price of US platinum bar rose 1.8 percent over the past week. This was the fourth week in a row of increasing prices.
The price of US HDG increased 0.8 percent this week, closing out the fourth consecutive week of rising prices.
The Chinese lead price rose 0.3 percent after falling 1.5 percent during the previous week. The primary copper cash price finished the week 0.3 percent higher on the LME. The copper 3-month price rose 0.2 percent on the LME over the past week. This was the third week in a row of increasing prices. The week finished with no movement for Korean 5052 coil premium over 1050 sheet.
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.