The week’s biggest mover on the weekly Renewables MMI® was US steel plate, which saw a 2.6 percent increase to $747.00 per short ton. At KRW 1.1 million ($1,001) per metric ton, the week finished with no movement for Korean steel plate. Prices for Japanese steel plate remained constant, closing the week at JPY 80,000 ($838.97) per metric ton.
Chinese renewables prices were mixed for the week. The price of Chinese cobalt cathodes declined 1.2 percent over the past week, settling at CNY 207,500 ($33,390) per metric ton. Closing at CNY 13,500 ($2,172) per metric ton, silicon remained unchanged for the week. Neodymium remained essentially flat from the previous week at CNY 425,000 ($68,385) per metric ton. Chinese steel plate prices held steady from the previous week at CNY 4,310 ($693.55) per metric ton.
The Renewables MMI® collects and weights 8 metal price points used extensively within the renewable energy industry to provide a unique view into renewable energy metal price trends. For more information on the Renewables MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.