Following a 7.9 percent decline, US palladium bar finished as the biggest mover on the weekly Automotive MMI®. US platinum bar prices fell just over $100 per ounce from a week ago.
The price of US HDG dropped 0.3 percent this week, closing out the third consecutive week of falling prices.
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 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.