The week’s biggest mover on the weekly Renewables MMI® was the price of Chinese cobalt cathodes, which saw a 1.4 percent increase to CNY 210,000 ($34,177) per metric ton. This week marked the third in a row of rising prices for the metal. The price of Chinese steel plate rose 0.5 percent to CNY 3,980 ($647.74) per metric ton after falling 5.7 percent during the previous week. Prices for silicon remained constant, closing the week at CNY 13,000 ($2,116) per metric ton. At CNY 335,000 ($54,697) per metric ton, the week finished with no movement for neodymium.
Japanese steel plate prices held steady from the previous week at JPY 72,000 ($737.55) per metric ton. Closing at KRW 1.1 million ($950.76) per metric ton, Korean steel plate remained unchanged for the week. The price of Chinese steel plate rose 0.5 percent to CNY 3,980 ($647.74) per metric ton after falling 5.7 percent during the previous week. At $726.00 per short ton, the price of US steel plate did not change since the previous week.
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.