Following a 6.9 percent decline, the China silicon price finished as the week’s biggest mover on the weekly Renewables MMI®.
Chinese cobalt cathodes prices were off slightly, down from a week ago. The price of neodymium did not change since the previous week.
Prices for Japanese steel plate remained constant. Korean steel plate remained essentially flat from the previous week. The price of Chinese steel plate did not change, and US steel plate prices held steady from the previous week.
Meanwhile, the US grain-oriented electrical steel (GOES) coil prices increased 1.1 percent over the past month, the third straight increase in the past couple months.
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.