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.
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.