Automotive MMI®: Copper Cash Price Falls for Third Straight Week

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The biggest mover on the weekly Automotive MMI® was the copper cash price, which saw a 1.7 percent decline on the LME to $7,699 per metric ton. Last week marked the fourth in a row of declining prices for the metal.

The copper 3-month price dropped 1.7 percent on the LME this week, closing out the third consecutive week of falling prices at $7,733 per metric ton.

today's metal prices - MetalMiner IndXClosing out the third week of declining prices, the price of Chinese lead dropped by 1.2 percent. Korean 5052 coil premium over 1050 sheet traded sideways last week.

The price of US HDG finished the week down 0.7 percent.

US platinum bar prices were off slightly, down about $10 per ounce from a week ago. The price of US palladium bar rose 0.4 percent over the past week, the fifth week in a row of increasing prices.

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.

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