Renewables MMI®: Chinese Cobalt Cathodes Barely Moves

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Consistent prices for Renewables MMI® metals continued through the week, where Chinese cobalt cathodes held steady at CNY 215,000 ($34,491) per metric ton. Silicon remained essentially flat from the previous week at CNY 14,500 ($2,326) per metric ton. Closing at CNY 425,000 ($68,341) per metric ton, neodymium remained unchanged for the week. Chinese steel plate prices held steady from the previous week at CNY 4,240 ($680.19) per metric ton.

At JPY 80,000 ($849.27) per metric ton, the week finished with no movement for Japanese steel plate. Closing at KRW 1.1 million ($1,009) per metric ton, Korean steel plate remained unchanged for the week. Chinese steel plate remained essentially flat from the previous week at CNY 4,240 ($680.19) per metric ton. Prices for US steel plate remained constant, closing the week at $743.00 per short ton.

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.