Renewables MMI®: Chinese Cobalt Cathodes Down 0.5%

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Metal Prices, Premium

After falling 0.5 percent, Chinese cobalt cathodes landed at CNY 198,000 ($32,493) per metric ton and making it the week’s biggest mover on the weekly Renewables MMI®. Prices for silicon remained constant, closing the week at CNY 13,850 ($2,273) per metric ton. Neodymium remained essentially flat from the previous week at CNY 450,000 ($73,549) per metric ton. Following a steady week, prices for Chinese steel plate closed flat at CNY 3,770 ($618.68) per metric ton.

At JPY 74,000 ($740.92) per metric ton, the week finished with no movement for Japanese steel plate. Following a steady week, prices for Korean steel plate closed flat at KRW 900,000 ($841.99) per metric ton. At CNY 3,770 ($618.68) per metric ton, the week finished with no movement for Chinese steel plate. US steel plate prices held steady from the previous week at $744.00 per short ton.

US grain-oriented electrical steel (GOES) saw little movement at $3,631 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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