The 3-month price of copper finished as the week’s biggest mover on the weekly Automotive MMI® after dropping 0.9 percent on the LME and landing at $7,290 per metric ton. The cash price of primary copper saw a 0.8 percent drop this week on the LME, closing at $7,308 per metric ton. For the third week in a row, the Chinese lead price dropped, falling 0.2 percent. Following a steady week, prices for Korean 5052 coil premium over 1050 sheet closed flat.
Following a 0.1 percent increase in the week prior, the price of US HDG fell 0.5 percent last week.
The price of US palladium bar finished the week 0.8 percent higher. The price of US platinum bar rose 0.8 percent this week, closing out the third week.
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.