Mergers and acquisitions are back in full force in the global automotive industry and are reshaping the competitive landscape of both suppliers and manufacturers.
A total of 250 mergers and acquisitions were completed in the global automotive industry over the first six months of this year, according to a study completed by PriceWaterhouseCoopers. That’s a 13% increase compared with the 222 transactions completed during the first half of 2013.
Following a 7.8% decline to CNY 13,550 ($2,206) per metric ton, the Chinese lead price finished as the week’s biggest mover on the weekly Automotive MMI®. The 3-month price of copper rose 1.7% on the LME to $6,695 per metric ton after falling 3.0% during the previous week. The primary copper cash price rose 1.6% on the LME to $6,755 per metric ton after falling 3.0% during the previous week. Korean 5052 coil premium over 1050 sheet prices held steady from the previous week at KRW 3,890 ($3.64) per kilogram.
The price of US HDG fell 2.2% over the past week to $741.00 per short ton. This was the fourth week in a row of declining prices.
The price of US palladium bar rose 1.3% to $765.00 per ounce after falling 4.4% during the previous week. US platinum bar fell 1.0% over the past week to $1,190 per ounce.
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.