The week’s biggest mover on the weekly Automotive MMI® was the price of US palladium bar, which saw a 4.6 percent increase. This week marked the third in a row of rising prices for the metal.
Following a 1.8 percent increase in the week prior, the price of US platinum bar fell 0.7 percent last week.
Keep an eye out for our platinum and palladium outlook next Monday.
Meanwhile, US HDG gained a slight 2.3 percent this past week.
The primary copper cash price fell 3.1 percent on the LME to $7,095 per metric ton after rising 6.6 percent the week before. Following a 6.5 percent increase in the week prior, the 3-month price of copper fell 2.9 percent on the LME last week to $7,140 per metric ton.
Following a 0.4 percent drop, the Chinese lead price finished the week down. Following a steady week, prices for Korean 5052 coil premium over 1050 sheet closed flat.
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.