Renewables MMI®: Neodymium Week Closes With 7.4% Rise

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Metal Prices, Premium

The week’s biggest mover on the weekly Renewables MMI®, neodymium jumped 7.4 percent to close at CNY 435,000 ($71,041) per metric ton. Chinese cobalt cathodes fell 1.0 percent over the past week to CNY 201,000 ($32,826) per metric ton. At CNY 13,200 ($2,156) per metric ton, the week finished with no movement for silicon. Closing at CNY 3,960 ($646.72) per metric ton, Chinese steel plate remained unchanged for the week.

Prices for Japanese steel plate remained constant, closing the week at JPY 72,000 ($737.76) per metric ton. Korean steel plate traded sideways last week, hovering around KRW 1.1 million ($992.38) per metric ton. Prices for Chinese steel plate remained constant, closing the week at CNY 3,960 ($646.72) per metric ton. Following a 1.2 percent increase, US steel plate finished the week at $739.00 per short ton.

For the fifth day in a row, US grain-oriented electrical steel (GOES) remained essentially flat at $3,328 per short ton.

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.