Automotive Metal Prices Round-Up: US Platinum Bar Down for Third Straight Week

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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.

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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.

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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.