The week’s biggest mover on the weekly Automotive MMI® was the price of US palladium bar, which saw a 2.3 percent increase to $762.00 per ounce. Last week marked the fourth in a row of rising prices for the metal. Following a 13263.6 percent increase in the week prior, the price of US platinum bar fell 1.4 percent last week to $1,449 per ounce.
The price of US HDG rose 0.7 percent to $747.00 per short ton after falling 0.1 percent during the previous week.
The copper 3-month price fell 1.1 percent on the LME to $7,198 per metric ton after rising 0.9 percent the week before. Following a 1.0 percent increase in the week prior, the primary copper cash price fell 1.0 percent on the LME last week to $7,199 per metric ton. The Chinese lead price fell 0.2 percent to CNY 14,300 ($2,347) per metric ton after rising 0.2 percent the week before. Korean 5052 coil premium over 1050 sheet prices held steady from the previous week at KRW 4,360 ($4.11) per kilogram.
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.