The biggest mover on the weekly Renewables MMI® was silicon, which saw a 7.4 percent increase.
Neodymium saw a 6.6 percent drop-off this week. Chinese cobalt cathodes prices ticked up 2.9 percent over the past week. Following a steady week, prices for Chinese steel plate closed flat.
US steel plate prices saw a 2 percent decline over the past week. Japanese, Chinese and Korean steel plate prices remained unchanged for the week.
The price of US grain-oriented electrical steel (GOES) coil rose 1.1 percent this month on MetalMiner’s daily pricing service.
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.