The biggest mover on the weekly Renewables MMI® was the price of Chinese steel plate, which saw a 3 percent decline. This comes on the heels of a 4.5 percent increase the week before.
Chinese cobalt cathodes traded sideways last week. Prices for silicon remained constant as well. Same for the price of neodymium, which did not change.
Following a steady week, prices for Japanese steel plate closed flat. The week finished with no movement for Korean steel plate either, and US steel plate remained unchanged for the week.
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.