The week’s biggest mover on the weekly Automotive MMI® was the price of US palladium bar, which saw a 8.4 percent increase to $683.00 per ounce. This comes on the heels of a 9.1 percent decline the week prior. The price of US platinum bar rose 3.5 percent to $1,342 per ounce after falling 8.1 percent during the previous week.
Following a 1.9 percent increase in the week prior, the price of US HDG fell 0.3 percent last week to $747.00 per short ton.
The primary copper cash price rose 3.5 percent on the LME to $6,921 per metric ton after falling 4.1 percent during the previous week. The 3-month price of copper rose 3.1 percent on the LME to $6,920 per metric ton after falling 4.1 percent during the previous week. Korean 5052 coil premium over 1050 sheet traded sideways last week, hovering around KRW 4,360 ($3.84) per kilogram. The price of Chinese lead traded sideways last week, hovering around CNY 13,800 ($2,252) per metric ton.
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.