Automotive MMI®: US Platinum Bar Rises 3.2% for the Week

The week’s biggest mover on the weekly Automotive MMI® was the price of US platinum bar, which saw a 3.2 percent increase to $1,357 per ounce. This comes on the heels of a 1.3 percent decline the week prior. Following a 1.6 percent increase, US palladium bar finished the week at $706.00 per ounce.

Finishing the fourth week of rising prices, the price of US HDG increased by 0.8 percent, finishing at $771.00 per short ton.

The cash price of primary copper increased 1.6 percent on the LME this week, closing out the fourth consecutive week of rising prices at $7,394 per metric ton. The copper 3-month price rose 1.4 percent on the LME over the past week to $7,370 per metric ton. This was the fourth week in a row of increasing prices. At KRW 4,360 ($4.14) per kilogram, the week finished with no movement for Korean 5052 coil premium over 1050 sheet. The price of Chinese lead stayed essentially flat at CNY 14,225 ($2,351) per metric ton.

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.