Automotive Market Metals: US Platinum Prices Falls For Third Week

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The biggest mover on the weekly Automotive MMI® was the price of US platinum bar, which saw a 3.2 percent decline to just below $1,600 per ounce. This week marked the third in a row of declining prices for the metal.

The price of US palladium bar rose 0.4 percent after falling 3.5 percent during the previous week.

today's metal prices - MetalMiner IndXUS HDG steel prices were off slightly, down from a week ago.

The primary copper cash price dropped 2.6 percent on the LME this week, closing out the third consecutive week of falling prices at $7,830 per metric ton. With a 1.8 percent decrease on the LME, the 3-month price of copper closed the week at $7,864 per metric ton.

For the third week in a row, the Chinese lead price dropped, falling 0.2 percent. Prices for Korean 5052 coil premium over 1050 sheet remained constant, closing the week 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.