Metals making up the Automotive MMI® were mostly down for the week of Monday, July 22. The week’s biggest mover on the index was the price of US HDG, which saw a 5.7 percent decline. This comes on the heels of a 5.6 percent increase the week before.
Last week, the copper 3-month price shifted slightly on the LME, rising by 2.3 percent to close at $7,096 per metric ton. The primary copper cash price shifted up 2.2 percent on the LME to close at $7,076 per metric ton this week. The Chinese lead price rose 0.4 percent after falling 0.2 percent during the previous week. Korean 5052 coil premium over 1050 sheet prices held steady.
US platinum bar gained a slight 2.9 percent this past week. The price of US palladium bar rose 2.0 percent over the past week. This was the fourth week in a row of increasing prices.
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.