Renewables MMI®: Chinese Cobalt Cathodes Rises 1.5%
The week’s biggest mover on the weekly Renewables MMI® was Chinese cobalt cathodes, which saw a 1.5 percent increase to CNY 207,000 ($33,822) per metric ton. At CNY 13,200 ($2,157) per metric ton, the price of silicon did not change since the previous week. Neodymium remained essentially flat from the previous week at CNY 450,000 ($73,477) per metric ton. Prices for Chinese steel plate remained constant, closing the week at CNY 3,960 ($647.03) per metric ton.
At JPY 72,000 ($721.91) per metric ton, the week finished with no movement for Japanese steel plate. Closing at KRW 900,000 ($823.38) per metric ton, Korean steel plate remained unchanged for the week. Chinese steel plate traded sideways last week, hovering around CNY 3,960 ($647.03) per metric ton. US steel plate prices held steady from the previous week at $732.00 per short ton.
US grain-oriented electrical steel (GOES) continues hovering around $3,200 per short ton for the fifth day in a row.
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.