Automotive MMI®: LME 3-Month Price of Copper Falls 1.4% for Week
The week’s biggest mover on the weekly Automotive MMI® was the 3-month price of copper, which saw a 1.4 percent decline on the LME to $7,076 per metric ton. This comes on the heels of a 0.6 percent increase the week before.
The primary copper cash price fell 0.9 percent on the LME to $7,149 per metric ton after rising 0.6 percent the week before.
The Chinese lead price closed last week after a 0.6 percent drop. Following a steady week, prices for Korean 5052 coil premium over 1050 sheet closed flat.
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Following a 0.1 percent increase in the week prior, the price of US HDG fell 0.8 percent last week.
The price of US platinum bar rose 0.9 percent this week. The price of US palladium bar fell 0.4 percent after rising 2.2 percent the week before.
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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.