The week’s biggest mover on the weekly Renewables MMI® was the price of Chinese cobalt cathodes, which saw a 1.5 percent increase to CNY 203,000 ($32,817) per metric ton. This comes on the heels of a 2.4 percent decline the week prior. After a 0.7 percent decline, Chinese steel plate closed out the week at CNY 4,200 ($678.96) per metric ton. At CNY 13,000 ($2,102) per metric ton, the week finished with no movement for silicon. Neodymium remained essentially flat from the previous week at CNY 425,000 ($68,407) per metric ton.
Japanese steel plate prices held steady from the previous week at JPY 72,000 ($725.93) per metric ton. Closing at KRW 1.1 million ($982.34) per metric ton, Korean steel plate remained unchanged for the week. Chinese steel plate prices were off slightly at CNY 4,200 ($678.96) per metric ton, down from CNY 4,230 ($683.62) a week ago. Prices for US steel plate remained constant, closing the week at $755.00 per short ton.
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.