US palladium bar finished as the week’s biggest mover on the weekly Automotive MMI® after dropping 8.3 percent and landing at $693.00 per ounce. US platinum bar weakened by 4.5 percent to land at $1,411 per ounce.
The price of US HDG fell 6.4 percent to $735.00 per short ton after rising 8.4 percent the week before.
Following a 1.6 percent drop on the LME, the 3-month price of copper finished the week at $7,003 per metric ton. The primary copper cash price saw a 1.6 percent drop this week on the LME, closing at $6,972 per metric ton. The price of Chinese lead fell 0.2 percent last week, settling at CNY 13,950 ($2,276) per metric ton. At KRW 4,360 ($3.84) per kilogram, the price of Korean 5052 coil premium over 1050 sheet did not change since 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.