The biggest mover on the weekly Renewables MMI® was the price of Chinese steel plate, which saw a 0.5 percent decline. This week marked the third in a row of declining prices for the metal.
The price of Chinese cobalt cathodes did not change since the previous week. Following a steady week, prices for silicon closed flat. Neodymium traded sideways last week.
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.