The head of Munich’s municipal utility, Florian Bieberbach, “expects to produce enough renewable energy next year to meet demand from all the households in southern Germany’s largest city,” reports Bloomberg.
We “will be a winner of the energy shift” because we focused early on clean-energy projects, Bieberbach said in an interview in Munich last month. “The switch to renewables is a profitable business.”
The week’s biggest mover on the weekly Renewables MMI® was the price of silicon, which saw a 7.3 percent decline. This comes on the heels of a 8.3 percent increase the week before. Following a 2.4 percent increase in the week prior, the price of Chinese cobalt cathodes fell 4.2 percent last week. Following a steady week, prices for neodymium closed flat. Chinese steel plate traded sideways last week.
Japanese steel plate remained essentially flat from the previous week. The price of Korean steel plate did not change since the previous week. Chinese steel plate remained unchanged for the week. Following a 0.1 percent increase, US steel plate finished the week.
US grain-oriented electrical steel (GOES) held steady.
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.