Renewables MMI®: Week of Sideways Trading for Chinese Cobalt Cathodes

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Metal Prices, Premium

Prices for Chinese cobalt cathodes didn’t move this week, staying around CNY 203,000 ($32,913) per metric ton. Other metals on the weekly Renewables MMI® followed suit. Prices for silicon remained constant, closing the week at CNY 13,000 ($2,108) per metric ton. At CNY 425,000 ($68,407) per metric ton, the week finished with no movement for neodymium. Following a steady week, prices for Chinese steel plate closed flat at CNY 4,180 ($677.72) per metric ton.

At JPY 72,000 ($724.63) per metric ton, the week finished with no movement for Japanese steel plate. Korean steel plate remained essentially flat from the previous week at KRW 1.1 million ($1,004) per metric ton. Closing at CNY 4,180 ($677.72) per metric ton, Chinese steel plate remained unchanged for the week. Prices for US steel plate remained constant, closing the week at $753.00 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.