The week’s biggest mover on the weekly Automotive MMI® was US platinum bar, which saw a 2.4 percent decline to $1,549 per ounce. The price of US palladium bar declined 0.1 percent over the past week, settling at $690.00 per ounce.
At $780 per short ton, the week finished with no movement for US HDG.
Following a 2.3 percent drop on the LME, the cash price of primary copper finished the week at $7,801 per metric ton. the 3-month price of copper closed last week at $7,778 per metric ton, after a 2.1 percent drop on the LME. Prices for Korean 5052 coil premium over 1050 sheet remained constant, closing the week at KRW 4,360 ($4) per kilogram. the price of Chinese lead stayed essentially flat at CNY 14,775 ($2,369) per metric ton.
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.