The week’s biggest mover on the weekly Automotive MMI® was the price of US palladium bar, which saw a 5.2 percent increase to $722.00 per ounce. This comes on the heels of a 2.6 percent decline the week prior. Prices for US platinum bar remained constant, closing the week at $1,549 per ounce.
The price of US HDG rose 0.1 percent to $776.00 per short ton after falling 0.6 percent during the previous week.
Since last week, the price of the primary copper cash price fell to $7,939 per metric ton on the LME after moving 1.9 percent. The copper 3-month price fell 1.8 percent last week on the LME, settling at $7,910 per metric ton. The price of Chinese lead declined to CNY 14,725 ($2,367) per metric ton after drifting 0.3 percent since last week. At KRW 4,360 ($4.12) per kilogram, 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.