Renewables MMI®: Chinese Cobalt Cathodes Rises 1.5%

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Metal Prices, Premium

Chinese cobalt cathodes saw the largest upwards shift on the weekly Renewables MMI®, rising 1.5 percent to settle at CNY 203,000 ($33,094) per metric ton. At CNY 13,000 ($2,119) per metric ton, the price of silicon did not change since the previous week. Prices for neodymium remained constant, closing the week at CNY 425,000 ($68,407) per metric ton. Chinese steel plate traded sideways last week, hovering around CNY 4,200 ($684.70) per metric ton.

At JPY 72,000 ($728.20) per metric ton, the week finished with no movement for Japanese steel plate. Prices for Korean steel plate remained constant, closing the week at KRW 1.1 million ($975.32) per metric ton. Chinese steel plate remained essentially flat from the previous week at CNY 4,200 ($684.70) per metric ton. At $720.00 per short ton, the week finished with no movement for US steel plate.

US grain-oriented electrical steel (GOES) continues hovering around $3,339 per short ton for the fifth day in a row.

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.