The week’s biggest mover on the weekly Renewables MMI® was the price of Chinese cobalt cathodes, which saw a 2.4 percent decline. This week marked the third in a row of declining prices for the metal.
Japanese steel plate traded sideways last week. Prices for Korean steel plate remained constant. Chinese steel plate prices held steady from the previous week as well, but the price of US steel plate rose 0.9 percent after falling 0.4 percent during the previous week.
The price of US grain-oriented electrical steel (GOES) rose 9.0 percent this month.
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.