Neodymium Price Lifts Renewable Energy Metals Sector
Prices for neodymium saw the biggest increase on the weekly Renewables MMI® this week, rising 2.5 percent. Chinese cobalt cathodes prices were off slightly, just more than $100 per metric ton from a week ago. Following a steady week, prices for silicon closed flat. Prices for Chinese steel plate remained constant.
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The price of Japanese steel plate did not change since the previous week. Korean steel plate prices held steady from the previous week. The week finished with no movement for US steel plate.
US grain-oriented electrical steel (GOES) coil prices came down a bit this month, declining 0.3 percent. Check out the monthly GOES analysis here.
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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.