The week’s biggest mover on the weekly Automotive MMI® was the price of US platinum bar, which saw a 0.9 percent decline to $1,718 per ounce. This comes on the heels of an 11.9 percent increase the week before. The price of US palladium bar rose 0.5 percent over the past week to $766.00 per ounce. This was the third week in a row of increasing prices.
The price of US HDG increased by a slight 0.1 percent over the past week to $761.00 per short ton.
On the LME, a 0.8 percent gain landed the copper 3-month price at $8,260 per metric ton. The cash price of primary copper fell 0.1 percent on the LME to $8,221 per metric ton after rising 0.2 percent the week before. Closing at KRW 4,360 ($4.01) per kilogram, Korean 5052 coil premium over 1050 sheet remained unchanged for the week. Following a steady week, prices for the Chinese lead price closed flat at CNY 14,950 ($2,398) per metric ton.
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.