The week’s biggest mover on the weekly Automotive MMI® was the price of US palladium bar, which saw a 8.4 percent increase. This comes on the heels of a 9.1 percent decline the week prior. The price of US platinum bar rose 3.5 percent after falling 8.1 percent during the previous week.
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. The price of Chinese lead traded sideways last week as well.
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.