The biggest mover on the weekly Automotive MMI® was the price of US HDG, which saw a 2.8 percent decline. This week marked the third in a row of declining prices for the metal.
The cash price of primary copper fell 1.8 percent on the LME over the past week to $6,935 per metric ton. This was the fourth week in a row of declining prices. The copper 3-month price fell 1.7 percent on the LME over the past week to $6,973 per metric ton, also the fourth week in a row of declining prices.
The price of US palladium bar rose 0.9 percent after falling 7.9 percent during the previous week. The price of US platinum bar rose 0.3 percent after falling 6.8 percent during 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.