The biggest mover this week was US platinum bar with a 2.3 percent fall on the weekly Automotive MMI®. US palladium bar fell 0.8 percent over the past week.
The price of US HDG rose 0.1 percent after falling 0.7 percent during the previous week.
The cash price of primary copper declined to $7,096 per metric ton after drifting 1.6 percent on the LME since last week. With a 1.4 percent decrease on the LME, the copper 3-month price closed the week. Korean 5052 coil premium over 1050 sheet remained unchanged for the week. The price of Chinese lead remained steady from the previous 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.