Renewables MMI®: 3.6% Decrease for Neodymium

Neodymium’s 3.6 percent decline made it this week’s biggest mover on the weekly Renewables MMI®, closing at CNY 405,000 ($66,930) per metric ton. At CNY 196,000 ($32,385) per metric ton, the week finished with no movement for Chinese cobalt cathodes. Closing at CNY 13,850 ($2,288) per metric ton, silicon remained unchanged for the week. Chinese steel plate traded sideways last week, hovering around CNY 3,890 ($642.74) per metric ton.

Following a steady week, prices for Japanese steel plate closed flat at JPY 76,000 ($729.18) per metric ton. Korean steel plate remained essentially flat from the previous week at KRW 900,000 ($856.69) per metric ton. At CNY 3,890 ($642.74) per metric ton, the week finished with no movement for Chinese steel plate. Prices for US steel plate remained constant, closing the week at $795.00 per short ton.

US grain-oriented electrical steel (GOES) remained essentially flat at $3,043 per short ton.

The Renewables MMI® collects and weights 8 metal price points used extensively within the renewable energy industry to provide a unique view into renewable energy metal price trends. For more information on the Renewables MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.