Renewables MMI®: Chinese Cobalt Cathodes Falls for Third Straight Week

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Metal Prices, Premium

The week’s biggest mover on the weekly Renewables MMI® was the price of Chinese cobalt cathodes, which saw a 2.4 percent decline to CNY 200,000 ($32,238) per metric ton. This week marked the third in a row of declining prices for the metal. At CNY 13,200 ($2,128) per metric ton, the price of silicon did not change since the previous week. At CNY 425,000 ($68,407) per metric ton, the week finished with no movement for neodymium. Following a steady week, prices for Chinese steel plate closed flat at CNY 4,280 ($689.89) per metric ton.

Japanese steel plate traded sideways last week, hovering around JPY 80,000 ($858.42) per metric ton. Prices for Korean steel plate remained constant, closing the week at KRW 1.1 million ($988.10) per metric ton. Chinese steel plate prices held steady from the previous week at CNY 4,280 ($689.89) per metric ton. The price of US steel plate rose 0.9 percent to $751.00 per short ton after falling 0.4 percent during the previous week.

The price of US grain-oriented electrical steel (GOES) rose 9.0 percent this month to $3,530 per short 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.