A 3.4 percent improvement on the weekly Automotive MMI® made US palladium bar the week’s biggest mover, closing at $770.00 per ounce. The price of US platinum bar rose 0.1 percent to $1,587 per ounce after falling 0.6 percent during the previous week.
The price of US HDG rose 0.1 percent to $753.00 per short ton after falling 0.7 percent during the previous week.
The cash price of primary copper rose 1.0 percent on the LME to $7,777 per metric ton after falling 1.7 percent during the previous week. The 3-month price of copper rose 1.0 percent on the LME to $7,807 per metric ton after falling 1.7 percent during the previous week. The Chinese lead price fell 0.3 percent over the past week to CNY 14,600 ($2,350) per metric ton. This was the third week in a row of declining prices. Prices for Korean 5052 coil premium over 1050 sheet remained constant, closing the week at KRW 4,360 ($3.97) per kilogram.
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.