Monthly Renewables MMI® Holds Steady at 66

The monthly Renewables MMI® registered a value of 66 in September, on par with August’s value.

The price of neodymium closed the month up 10 percent at $73,494 per metric ton. For the second month in a row, the price of US steel plate increased, rising 0.3 percent over the past month to $732.00 per short ton.

Korean steel plate prices dropped by 18.9 percent this month to $810.08 per metric ton. A 3.8 percent drop left US grain-oriented electrical steel (GOES) at $3,200 per short ton. The price of Chinese cobalt cathodes drifted 1.0 percent lower to $33,317 per metric ton.

At a price of $2,156 per metric ton, silicon did not budge the entire month. Chinese steel plate experienced a flat month, staying around $646.75 per metric ton. Japanese steel plate traded sideways last month, staying around $731.72 per metric 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 over a 30-day period. 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.

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