Major companies are “unplugging” from the electrical grid and producing their own power, leaving state and federal regulators worried. The Wall Street Journal reports that “since 2006, the number of electricity-generation units at commercial and industrial sites has more than quadrupled to roughly 40,000 from about 10,000, according to federal statistics. Experts say the trend is gaining momentum, spurred by falling prices for solar panels and natural gas, as well as a fear that power outages caused by major storms will become more common.”
After drifting 1.8 percent, Chinese steel plate dropped making it the biggest mover on the weekly Renewables MMI® this week. The price of Chinese cobalt cathodes rose 1.4 percent over the past week. This was the third week in a row of increasing prices. Silicon gained a slight 0.8 percent this past week. The week finished with no movement for neodymium.
The price of Japanese steel plate did not change since the previous week. The week finished with no movement for Korean steel plate. Chinese steel plate fell 1.8 percent over the past week. US steel plate saw its price rise 1.0 percent over the past week.
For the fifth day in a row, US grain-oriented electrical steel (GOES) remained essentially flat.
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.