The week’s biggest mover on the weekly Automotive MMI® was US palladium bar, which saw a 4.5 percent increase to $714.00 per ounce. US platinum bar rose 2.2 percent over the past week to $1,372 per ounce.
Following a steady week, prices for US HDG closed flat at $747.00 per short ton.
Following a 3.5 percent increase in the week prior, the cash price of primary copper fell 2.0 percent on the LME last week to $6,780 per metric ton. The copper 3-month price fell 2.0 percent on the LME to $6,785 per metric ton after rising 3.1 percent the week before. With a 0.2 percent decrease, the Chinese lead price closed the week at CNY 13,775 ($2,245) per metric ton. Korean 5052 coil premium over 1050 sheet traded sideways last week, hovering around KRW 4,360 ($3.80) per kilogram.
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.