The biggest mover on the weekly Automotive MMI® was the price of US palladium bar, which saw a 5.2 percent increase. This comes on the heels of a 2.6 percent decline the week prior.
Prices for US platinum bar remained constant.
The price of US HDG rose 0.1 percent 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 LME copper 3-month price fell 1.8 percent last week, settling at $7,910 per metric ton.
The price of Chinese lead declined after drifting 0.3 percent since last week. 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.