US Palladium Price Falls Again on Automotive Metals Index

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The biggest mover on the weekly Automotive MMI® was the price of US palladium bar, which saw a 4.3 percent decline. Last week marked the fourth in a row of declining prices for the metal.

Perhaps this supports MetalMiner’s recent argument on the US automotive sector – check out exclusive commentary in our latest monthly MMI® Report!

Meanwhile, the price of US platinum bar declined 0.5 percent over the past week.

After a 1.2 percent decline, US HDG closed out the week down as well.

The cash price of primary copper rose 1.9 percent on the LME to $7,547 per metric ton after falling 2.6 percent during the previous week. The 3-month price of copper rose 1.9 percent on the LME to $7,575 per metric ton after falling 1.8 percent during the previous week.

today's metal prices - MetalMiner IndXThe price of Chinese lead rose 0.5 percent after falling 1.2 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.