The biggest mover on the weekly Automotive MMI® was the price of US palladium bar, which saw a 1.1 percent increase. This comes on the heels of a 1.6 percent decline the week prior.
The price of US platinum bar rose 0.3 percent after falling 0.8 percent during the previous week.
The Chinese lead price dropped 0.7 percent this week, closing out the third consecutive week of falling prices.
Closing out the third week of declining prices, the 3-month price of copper dropped by 0.5 percent on the LME, finishing at $7,570 per metric ton. The primary copper cash price rose 0.3 percent on the LME to $7,600 per metric ton after falling 2.6 percent during the previous week.
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.