Renewables MMI®: Week Closes 0.9% Down for Chinese Cobalt Cathodes

 After drifting 0.9 percent, Chinese cobalt cathodes dropped to CNY 209,000 ($33,488) per metric ton making it the biggest mover on the weekly Renewables MMI® this week. Silicon prices ticked up 0.8 percent over the past week to CNY 12,800 ($2,051) per metric ton. At CNY 480,000 ($77,089) per metric ton, the week finished with no movement for neodymium. Following a steady week, prices for Chinese steel plate closed flat at CNY 4,150 ($664.95) per metric ton.

At JPY 80,000 ($971.41) per metric ton, the price of Japanese steel plate did not change since the previous week. Korean steel plate prices held steady from the previous week at KRW 1.1 million ($1,015) per metric ton. Prices for Chinese steel plate remained constant, closing the week at CNY 4,150 ($664.95) per metric ton. Closing at $750.00 per short ton, US steel plate remained unchanged for the week.

The price of US grain-oriented electrical steel (GOES) fell 5.8 percent this month to $3,491 per short ton.

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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