Renewables MMI®: Neodymium 21.2% Lower

Closing at CNY 335,000 ($54,697) per metric ton on the weekly Renewables MMI®, neodymium finished as the week’s biggest mover with a 21.2 percent decline. Chinese steel plate finished the week at CNY 3,960 ($646.57) per metric ton after falling 5.7 percent. Closing at CNY 207,000 ($33,798) per metric ton for the week, Chinese cobalt cathodes rose by a slight 2.0 percent. At CNY 13,000 ($2,123) per metric ton, the week finished with no movement for silicon.

Following a steady week, prices for Japanese steel plate closed flat at JPY 72,000 ($761.32) per metric ton. At KRW 1.1 million ($975.30) per metric ton, the price of Korean steel plate did not change since the previous week. The past week saw Chinese steel plate close at CNY 3,960 ($646.57) per metric ton after a 5.7 percent decline. US steel plate saw its price rise 0.8 percent over the past week to $726.00 per short ton.

US grain-oriented electrical steel (GOES) held steady at $3,339 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.

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