The week’s biggest mover on the weekly Automotive MMI® was the price of US palladium bar, which saw a 4.3 percent decline. This comes on the heels of a 0.5 percent increase the week before. Following a 2.0 percent increase in the week prior, the price of US platinum bar fell 3.1 percent last week.
The price of US HDG fell 0.7 percent over the past week. This was the third week in a row of declining prices.
The 3-month price of copper fell 1.8 percent last week on the LME, settling at $7,160 per metric ton. The primary copper cash price fell 1.6 percent on the LME to $7,209 per metric ton after rising 0.2 percent the week before. The Chinese lead price fell 0.4 percent over the past week. This was the third week in a row of declining prices. Prices for Korean 5052 coil premium over 1050 sheet remained constant, closing the 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.