The biggest mover on the weekly Automotive MMI® was the price of US platinum bar, which saw a 0.9 percent decline. 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. This was the third week in a row of increasing prices.
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.
Korean 5052 coil premium over 1050 sheet remained unchanged for the week. Following a steady week, prices for the Chinese lead price closed flat.
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.