US Platinum Bar Price Drops on Automotive Metals Index

The biggest mover on the weekly Automotive MMI® was US platinum bar, which saw a 2.4 percent decline. The price of US palladium bar declined 0.1 percent over the past week.

The week finished with no movement for US HDG steel prices.

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, while the price of Chinese lead stayed essentially flat.

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.