A 3.4 percent improvement on the weekly Automotive MMI® made US palladium bar the week’s biggest mover. The price of US platinum bar rose 0.1 percent after falling 0.6 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. This was the third week in a row of declining prices. Prices for Korean 5052 coil premium over 1050 sheet remained constant.
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.