Automotive MMI®: US Palladium Price Falls Nearly 8%, HDG Steel Down

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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.

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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.

today's metal prices - MetalMiner IndXThe price of Chinese lead fell 3.1 percent after rising 0.5 percent the week before. 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.