The week’s biggest mover on the weekly Automotive MMI® was the price of US platinum bar, which saw a 2.9 percent decline. This week marked the third in a row of declining prices for the metal. The price of US palladium bar rose 0.7 percent after falling 5.8 percent during the previous week.
The price of US HDG rose 0.8 percent after falling 0.4 percent during the previous week.
The 3-month price of copper rose 1.2 percent on the LME to $7,068 per metric ton after falling 0.6 percent during the previous week. The cash price of primary copper rose 1.0 percent on the LME to $7,051 per metric ton after falling 0.6 percent during the previous week. The price of Chinese lead fell 0.5 percent over the past week. This was the fourth week in a row of declining prices. Korean 5052 coil premium over 1050 sheet remained unchanged for the 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.