Automotive MMI®: Palladium Bar Falls Hard, Aluminum Gradually Invading Market

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Palladium is the stand-out precious metal du jour, but when it comes to the bar variety, it’s price is not going up for automotive customers.

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Aluminum prices are actually increasing for Ford and other manufacturers using it for the bodies of 2015 model-year cars and trucks. It’s not yet a part of the automotive MMI but that could change next year.

The week’s biggest mover on the weekly Automotive MMI® was the price of US palladium bar, which saw a 3.4 percent decline to $846.00 per ounce. This comes on the heels of a 0.8 percent increase the week before. Closing out the third week of declining prices, the price of US platinum bar dropped by 1.1 percent, finishing at $1,459 per ounce.

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Following a 0.7 percent increase, US HDG finished the week at $770.00 per short ton.

The cash price of primary copper fell 1.3 percent on the LME to $6,994 per metric ton after rising 0.4 percent the week before. At $6,976 per metric ton, the 3-month price of copper finished the week down 1.2 percent on the LME. Following a 6.3 percent increase in the week prior, the price of Chinese lead fell 0.8 percent last week to CNY 14,700 ($2,385) per metric ton. At KRW 3,890 ($3.76) per kilogram, the week finished with no movement for Korean 5052 coil premium over 1050 sheet.

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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