Renewables MMI®: Neodymium Gains 2.3%

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Metal Prices, Premium

Neodymium saw the largest upwards shift on the weekly Renewables MMI®, rising 2.3 percent to settle at CNY 445,000 ($72,715) per metric ton. Chinese cobalt cathodes remained essentially flat from the previous week at CNY 201,000 ($32,845) per metric ton. At CNY 13,200 ($2,157) per metric ton, the price of silicon did not change since the previous week. Following a steady week, prices for Chinese steel plate closed flat at CNY 3,960 ($647.10) per metric ton.

At JPY 72,000 ($732.72) per metric ton, the price of Japanese steel plate did not change since the previous week. Prices for Korean steel plate remained constant, closing the week at KRW 1.1 million ($996.45) per metric ton. Chinese steel plate prices held steady from the previous week at CNY 3,960 ($647.10) per metric ton. US steel plate remained essentially flat from the previous week at $739.00 per short ton.

US grain-oriented electrical steel (GOES) held steady 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.