Automotive MMI®: US Platinum Bar Gains 11.9% for Week

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US platinum bar improved by 11.9 percent, reaching $1,734 per ounce on the weekly Automotive MMI®. The price of US palladium bar rose 2.0 percent over the past week to $762.00 per ounce. This was the fourth week in a row of increasing prices.

The price of US HDG rose 0.4 percent to $760.00 per short ton after falling 0.9 percent during the previous week.

Following a 1.5 percent increase in the week prior, the price of Chinese lead fell 0.3 percent last week to CNY 14,950 ($2,400) per metric ton. Last week, the copper 3-month price increased by a slight 0.3 percent on the LME to $8,199 per metric ton. Last week, the primary copper cash price shifted slightly on the LME, rising by 0.2 percent to close at $8,230 per metric ton. Korean 5052 coil premium over 1050 sheet prices held steady from the previous week at KRW 4,360 ($4.00) per kilogram.

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.