Following a 7.9 percent decline to $662.00 per ounce, US palladium bar finished as the week’s biggest mover on the weekly Automotive MMI®. US platinum bar prices fell to $1,422 per ounce, down from $1,525 a week ago.
The price of US HDG dropped 0.3 percent this week, closing out the third consecutive week of falling prices at $741.00 per short ton.
The copper 3-month price fell 6.4 percent on the LME to $7,090 per metric ton after rising 1.9 percent the week before. Following a 1.9 percent increase in the week prior, the primary copper cash price fell 6.4 percent on the LME last week to $7,065 per metric ton. The price of Chinese lead fell 3.1 percent to CNY 13,900 ($2,251) per metric ton after rising 0.5 percent the week before. At KRW 4,360 ($3.89) per kilogram, the price of Korean 5052 coil premium over 1050 sheet did not change since 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.