Renewables MMI®: Week of Sideways Trading for Chinese Cobalt Cathodes

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Metal Prices, Premium

Prices for Chinese cobalt cathodes didn’t move this week, staying around CNY 206,000 ($33,658) per metric ton. Other metals on the weekly Renewables MMI® followed suit. Following a steady week, prices for silicon closed flat at CNY 13,350 ($2,181) per metric ton. Closing at CNY 450,000 ($73,549) per metric ton, neodymium remained unchanged for the week. Chinese steel plate traded sideways last week, hovering around CNY 3,890 ($635.58) per metric ton.

Japanese steel plate prices held steady from the previous week at JPY 72,000 ($744.69) per metric ton. At KRW 900,000 ($839.32) per metric ton, the week finished with no movement for Korean steel plate. Chinese steel plate traded sideways last week, hovering around CNY 3,890 ($635.58) per metric ton. Prices for US steel plate remained constant, closing the week at $740.00 per short ton.

US grain-oriented electrical steel (GOES) saw essentially no change for the fifth day in a row, remaining around $3,200 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.

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