The biggest mover on the weekly Automotive MMI® was the copper cash price, which saw a 6.6 percent increase on the LME to $7,325 per metric ton. This comes on the heels of a 0.9 percent decline the week prior. The copper 3-month price rose 6.5 percent on the LME to $7,355 per metric ton after falling 1.0 percent during the previous week.
The week finished with no movement for Korean 5052 coil premium over 1050 sheet. The Chinese lead price stayed essentially flat.
US HDG remained essentially flat from 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.