The biggest mover on the weekly Renewables MMI® was the price of silicon, which saw a 8.5 percent decline. This comes on the heels of a 7.6 percent increase the week before.
The price of Chinese cobalt cathodes fell 2.4 percent after rising 2.5 percent the week before. After a 1.2 percent decline, Chinese steel plate closed out the week down. The neodymium price remained unchanged for the week.
Japanese steel plate remained essentially flat from the previous week. Following a steady week, prices for Korean steel plate closed flat. In the past week, US steel plate saw its price shift up 0.5 percent.
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.