Closing at $711.00 per ounce on the weekly Automotive MMI®, US palladium bar finished as the week’s biggest mover with a 5.8 percent decline. After a 2.8 percent decline, US platinum bar closed out the week at $1,391 per ounce.
US HDG fell 0.4 percent over the past week to $744.00 per short ton.
The copper 3-month price fell 0.6 percent on the LME for the week to settle at $6,984 per metric ton. The primary copper cash price declined to $6,980 per metric ton after drifting 0.6 percent on the LME since last week. The price of Chinese lead dropped 0.5 percent this week, closing out the third consecutive week of falling prices at CNY 14,000 ($2,298) per metric ton. Prices for Korean 5052 coil premium over 1050 sheet remained constant, closing the week at KRW 4,360 ($4.13) 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.