Prices for US palladium bar saw the biggest increase on the weekly Automotive MMI® this week, rising 1.4 percent and settling at $726.00 per ounce. The price of US platinum bar rose 1.1 percent to $1,366 per ounce after falling 2.9 percent during the previous week.
US HDG gained a slight 0.3 percent this past week, finishing at $752.00 per short ton.
The copper 3-month price fell 1.3 percent on the LME to $6,975 per metric ton after rising 1.2 percent the week before. Following a 1.0 percent increase in the week prior, the cash price of primary copper fell 1.1 percent on the LME last week to $6,975 per metric ton. The Chinese lead price fell 0.4 percent over the past week to CNY 13,875 ($2,278) per metric ton. This was the fourth week in a row of declining prices. At KRW 4,360 ($4.11) per kilogram, the week finished with no movement for Korean 5052 coil premium over 1050 sheet.
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.