The week’s biggest mover on the weekly Automotive MMI® was the copper cash price, which saw a 2.6 percent increase on the LME to $8,148 per metric ton. This comes on the heels of a 1.9 percent decline the week prior. The 3-month price of copper rose 2.6 percent on the LME to $8,115 per metric ton after falling 1.8 percent during the previous week. The price of Chinese lead rose 0.3 percent to CNY 14,775 ($2,374) per metric ton after falling 0.3 percent during the previous week. Prices for Korean 5052 coil premium over 1050 sheet remained constant, closing the week at KRW 4,360 ($4.08) per kilogram.
The price of US HDG fell 1.5 percent to $764.00 per short ton after rising 0.1 percent the week before.
US palladium bar saw its price rise 0.4 percent over the past week to $725.00 per ounce. Closing at $1,549 per ounce, US platinum bar remained unchanged for the week.
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.