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.
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.
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.