A 3.3 percent improvement on the weekly Automotive MMI® made US platinum bar the biggest mover. US palladium bar gained a slight 2.7 percent this past week.
The price of US HDG finished the week down 1.9 percent.
Closing out the third week of declining prices, the copper 3-month price dropped by 1.0 percent on the LME, finishing at $6,906 per metric ton. The primary copper cash price dropped 0.9 percent on the LME this week, closing out the third consecutive week of falling prices at $6,870 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.