Automotive MMI®: US Platinum Bar Week Closes With 4.2% Rise

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Metal Prices
A 4.2 percent improvement on the weekly Automotive MMI® made US platinum bar the week’s biggest mover, closing at $1,414 per ounce. Over the past week, US palladium bar rose 4.1 percent to $735.00 per ounce.

The price of US HDG rose 0.1 percent over the past week to $772.00 per short ton. This was the fifth week in a row of increasing prices.

The price of Chinese lead fell 0.5 percent last week, settling at CNY 14,150 ($2,338) per metric ton. Following a 1.6 percent increase in the week prior, the cash price of primary copper fell 0.4 percent on the LME last week to $7,367 per metric ton. The copper 3-month price fell 0.2 percent on the LME to $7,355 per metric ton after rising 1.4 percent the week before. Korean 5052 coil premium over 1050 sheet prices held steady from the previous week at KRW 4,360 ($4.09) per kilogram.

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.

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