Neodymium Price Shoots Up on Weekly Renewable Energy Index

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Neodymium, the biggest mover on the weekly Renewables MMI®, jumped 7.4 percent. (Our rare earths index saw mostly increases in prices this past week – check out the latest price trends.)

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Chinese cobalt cathodes fell 1.0 percent over the past week. The week finished with no movement for silicon. Chinese steel plate remained unchanged for the week.

Prices for Japanese steel plate remained constant. Korean steel plate traded sideways last week. Following a 1.2 percent increase, US steel plate finished the week higher.

With a 0.3 percent decline last month, US grain-oriented electrical steel (GOES) coil prices remain lower.

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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.