According to Mannie De Canha, CEO of Associated Motor Holdings, the local partner of Tata Motors: Tata Motors will be a big international brand in South Africa in the years to come, as its vehicle sales in the country were rising even during the financial crisis a few years ago (The Economic Times).
“South Africa is full of choice. We are in a very competitive market and we have to go the extra mile with Tata to ensure that our customers get what they deserve,” he said.
The week’s biggest mover on the weekly Automotive MMI® was the price of US palladium bar, which saw a 2.1 percent increase. This comes on the heels of a 2.4 percent decline the week prior. The price of US platinum bar rose 1.2 percent after falling 0.7 percent during the previous week.
The week finished with no movement for US HDG.
The price of Chinese lead rose 0.9 percent after falling 0.2 percent during the previous week. The primary copper cash price rose 0.3 percent on the LME to $7,158 per metric ton after falling 0.2 percent during the previous week. On the LME, the copper 3-month price remained steady from the previous week at $7,180 per metric ton. Korean 5052 coil premium over 1050 sheet traded sideways last week.
The Automotive MMI® collects and weights 7 metal price points used in automotive production to provide a unique view into automotive metal trends. For more information on the Automotive MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.