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Neodymium oxide saw a 4.3 percent decline this week, finishing at CNY 550,000 ($86,951) per metric ton and making it the week’s biggest mover on the Rare Earths MMI®. For the third week in a row, the price of cerium oxide dropped, falling 4.1 percent to CNY 82,500 ($13,042) per metric ton. Dysprosium oxide dropped four percent over the past week to CNY 4,800 ($758) per kilogram.

Yttria fell 2.8 percent over the past week to CNY 175,000 ($27,666) per metric ton. The price of praseodymium oxide declined 2.8 percent over the past week, settling at CNY 530,000 ($83,789) per metric ton. After a 2.8 percent decline, praseodymium oxide closed out the week at CNY 530,000 ($83,789) per metric ton. Europium oxide saw a 2.3 percent decline over the past week to CNY 8,400 ($1,327) per kilogram.

Terbium oxide gained a slight 0.8 percent this past week, finishing at CNY 6,700 ($1,059) per kilogram. Lanthanum oxide remained essentially flat from the previous week at CNY 82,500 ($13,042) per metric ton. Closing at CNY 715,000 ($113,036) per metric ton, neodymium remained unchanged for the week. At CNY 69,000 ($10,908) per metric ton, the week finished with no movement for rare earth carbonate.

Samarium oxide prices held steady from the previous week at CNY 90,000 ($14,228) per metric ton. Terbium metal traded sideways last week, hovering around CNY 8,750 ($1,383) per kilogram. Prices for yttrium remained constant, closing the week at CNY 690 ($109) per kilogram.

The Rare Earths MMI® collects and weights 14 global rare earth metal price points to provide a unique view into rare earth metal price trends. For more information on the Rare Earths MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

The week’s biggest mover on the Global Precious Metals MMI® was the price of US palladium bar, which saw a three percent increase to $613.00 per ounce. This comes on the heels of a 8.3 percent decline the week prior. The price of Chinese palladium bar fell 0.3 percent over the past week to CNY 146.50 ($23.16) per gram. This was the third week in a row of declining prices. Japanese palladium bar prices were off slightly at JPY 1,547 ($19) per gram, down from JPY 1,552 ($19) a week ago.

The price of US platinum bar rose 1.3 percent to $1,461 per ounce after falling 5.3 percent during the previous week. The price of Japanese platinum bar dropped 0.7 percent this week, closing out the third consecutive week of falling prices at JPY 3,737 ($47) per gram. For the third week in a row, the price of Chinese platinum bar dropped, falling 0.3 percent to CNY 317.50 ($50.19) per gram.

The price of Indian gold bullion rose 2.8 percent to INR 29,012 ($532) per 10 grams after falling 2.8 percent during the previous week. The price of US gold bullion rose 2.3 percent to $1,592 per ounce after falling 4.9 percent during the previous week. The price of Chinese gold bullion rose 0.7 percent to CNY 325.97 ($51.53) per gram after falling 2.9 percent during the previous week. The price of Japanese gold bullion rose 0.4 percent to JPY 4,077 ($51) per gram after falling 3.5 percent during the previous week.

Closing out the third week of declining prices, the price of Japanese silver dropped by 2.2 percent, finishing at JPY 722.00 ($9.10) per 10 grams. The price of Indian silver rose 1.5 percent to INR 53,656 ($985) per kilogram after falling 4.8 percent during the previous week. At CNY 6,000 ($948) per kilogram, the price of Chinese silver finished the week down 1.3 percent. Following a steady week, prices for US silver closed flat at $28.35 per ounce.

The Global Precious Metals MMI® collects and weights 14 global precious metal price points to provide a unique view into precious metal price trends. For more information on the Global Precious Metals MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

The price of Chinese slab closed May 21, 2012 at CNY 4,120 ($651) per metric ton, halting its three-day flat run with a 2.1 percent shift. After a couple of days of decreasing prices, the price of Chinese HRC held steady at CNY 4,130 ($652). The price of Chinese coking coal remained essentially flat at CNY 1,780 ($281) per metric ton. The price of iron ore 58% fines from India hit a high price of CNY 850 ($134) and a low price of CNY 840 ($132) per dry metric ton.

On the LME, the steel billet 3-month price declined two percent to $431 per metric ton. Also on the LME, the steel billet cash price held steady around $429 per metric ton.

Following a two-day drop, the US HRC futures contract spot price increased by 0.5 percent to $665 per short ton. The 3-month price of US HRC futures contract has been on the decline for seven days and is now at $655 per short ton.

The aluminum cash price saw the biggest upwards shift for the day, rising 1.5 percent on the LME to close at $2,016 per metric ton on May 21, 2012. On the LME, the 3-month price of aluminum inched up 1.1 percent to $2,055 per metric ton. Indian aluminum cash price weakened by one percent, settling at INR 109.55 ($2.01) per kilogram.

Chinese aluminum closed mixed yesterday. The cash price of Chinese aluminum increased 0.3 percent to CNY 16,070 ($2,540) per metric ton. The price of Chinese aluminum scrap saw essentially no change for the fifth day in a row, remaining around CNY 16,650 ($2,632) per metric ton. Chinese aluminum billet held its value yesterday at CNY 16,000 ($2,529) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,050 ($2,221) per metric ton.

The Japanese primary copper cash price fell 5.5 percent over the past week, settling at JPY 640,000 ($7,975) per metric ton. Korean copper strip remained essentially flat from the previous week at KRW 10,850 ($9) per kilogram.

Chinese copper prices were down for the week. The past week saw Chinese bright copper scrap close at CNY 48,550 ($7,675) per metric ton after a 3.9 percent decline. Chinese copper wire prices fell to CNY 56,030 ($8,858) per metric ton, down from CNY 57,850 ($9,167) a week ago. The price of Chinese copper bar declined 2.8 percent over the past week, settling at CNY 57,000 ($9,011) per metric ton. Since last week, the price of Chinese primary cash copper fell to CNY 57,200 ($9,043) per metric ton after moving 2.8 percent.

For the third week in a row, the price of primary cash copper dropped, falling 5.9 percent on the LME to $7,708 per metric ton. The primary copper 3-month price fell to $7,679 per metric ton on the LME, a 4.6 percent change from the prior week.

The Copper MMI® collects and weights 12 global copper metal price points to provide a unique view into copper price trends. For more information on the Copper MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

At INR 938 ($17) per kilogram, the cash price of Indian primary nickel moved up 2.1 percent on May 18, 2012, making it the day’s biggest mover. The price of primary nickel saw a 0.2 percent decline on the LME to $16,910 per metric ton. On the LME, the nickel 3-month price remained essentially flat at $16,975 per metric ton.

Chinese stainless steel closed mixed last Friday. The price of Chinese ferro-chrome saw essentially no change for the fifth day in a row, remaining around CNY 8,300 ($1,312) per metric ton. The price of Chinese ferro-moly remained essentially flat at CNY 145,000 ($22,924) per metric ton.

After three essentially changeless days, the price of Chinese 316 stainless coil dropped 1.3 percent last Friday to CNY 31,100 ($4,916) per metric ton. At CNY 18,300 ($2,893) per metric ton, Chinese 304 stainless coil fell 1.1 percent last Friday. Chinese 304 stainless steel scrap finished the day down 1.1 percent to CNY 18,300 ($2,893) per metric ton. The price of Chinese primary nickel weakened by 0.6 percent, settling at CNY 125,800 ($19,888) per metric ton. For the fifth day in a row, the price of Chinese 316 stainless steel scrap remained essentially flat at CNY 18,400 ($2,909) per metric ton.

With a decline of two percent to JPY 640,000 ($7,975) per metric ton on May 18, 2012, the cash price of Japanese primary copper recorded the biggest shift of the day. The price of US copper producer grade 110 fell 0.2 percent to $4.11 per pound. The price of US copper producer grade 102 declined 0.2 percent to $4.30 per pound. The price of US copper producer grade 122 flattened at $4 following two-days of declines.

Chinese copper prices were mixed for the day. The price of Chinese bright copper scrap fell 0.7 percent to CNY 48,550 ($7,675) per metric ton. Chinese copper wire saw its price rise 0.4 percent to CNY 56,030 ($8,858) per metric ton. At CNY 57,000 ($9,011), the price of Chinese copper bar finished the market day up 0.2 percent per metric ton. The Chinese primary copper cash price gained 0.2 percent to finish at CNY 57,200 ($9,043) per metric ton.

The 3-month price of primary copper rose 0.2 percent on the LME to $7,679 per metric ton after a two-day drop. The price of primary cash copper on the LME has been on the decline for seven days and is now at $7,708 per metric ton.

The week’s biggest mover on the Stainless MMI® was the price of Chinese primary nickel, which saw a 3.7 percent decline to CNY 125,800 ($19,888) per metric ton. This comes on the heels of a 0.5 percent increase the week before. Chinese 304 stainless steel scrap fell 1.6 percent over the past week to CNY 18,300 ($2,893) per metric ton. Chinese 304 stainless coil prices were off slightly at CNY 18,300 ($2,893) per metric ton, down from CNY 18,600 ($2,947) a week ago. The price of Chinese 316 stainless coil declined 1.3 percent over the past week, settling at CNY 31,100 ($4,916) per metric ton. Prices for Chinese 316 stainless steel scrap remained constant, closing the week at CNY 18,400 ($2,909) per metric ton.

Chinese ferro-chrome remained essentially flat from the previous week at CNY 8,300 ($1,312) per metric ton. Following a steady week, prices for Chinese ferro-moly closed flat at CNY 145,000 ($22,924) per metric ton.

At KRW 2.6 million ($2,213) per metric ton, the week finished with no movement for Korean 430 stainless steel coil. Closing at KRW 4.2 million ($3,616) per metric ton, Korean 304 stainless coil remained unchanged for the week.

Indian primary nickel cash price rose 2.8 percent to INR 938 ($17) per kilogram after falling 2.1 percent during the previous week. The nickel 3-month price fell 1.4 percent on the LME over the past week to $16,975 per metric ton. This was the third week in a row of declining prices. For the third week in a row, the primary nickel price dropped, falling 1.3 percent on the LME to $16,910 per metric ton.

The Stainless MMI® collects and weights 14 global stainless steel and raw material price points to provide a unique view into stainless steel price trends. For more information on the Stainless MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

Following two days of increases on the LME, the steel billet 3-month price dropped by 6.4 percent to end at $440 per metric ton on May 18, 2012. Weakening prices followed two days of improvement as the cash price of steel billet dropped six percent on the LME to $429 per metric ton.

Chinese steel prices were mixed for the day. The price of iron ore 58% fines from India hit a high price of CNY 850 ($134) and a low price of CNY 840 ($132) per dry metric ton. Chinese HRC ended the day at CNY 4,130 ($652) per metric ton, after the 0.5 percent drop last Friday. The price of Chinese coking coal remained essentially flat at CNY 1,780 ($281) per metric ton.

The 3-month price of US HRC futures contract has been on the decline for seven days and is now at $655 per short ton. The US HRC futures contract spot price has been on the decline for seven days and is now at $662 per short ton.

At INR 53,250 ($977) per kilogram, Indian silver moved up 3.5 percent on May 18, 2012, the day’s biggest change. The price of US silver increased 2.7 percent to $28.67 per ounce. Chinese silver prices inched up 1.5 percent to CNY 5,900 ($932) per kilogram. Japanese silver prices rose 0.4 percent to JPY 711.00 ($8.86) per 10 grams.

Indian gold bullion rose 3.1 percent to INR 28,800 ($528) per 10 grams. At CNY 322.00 ($50.91), the price of Chinese gold bullion finished the market day up 1.9 percent per gram. US gold bullion gained 1.7 percent to finish at $1,593 per ounce. The price of Japanese gold bullion remained essentially flat at JPY 4,013 ($50) per gram.

The price of Japanese platinum bar declined 1.2 percent to JPY 3,698 ($46) per gram. After a 0.3 percent increase, Chinese platinum bar finished the day at CNY 314.00 ($49.64) per gram. US platinum bar held its value last Friday at $1,453 per ounce.

Chinese palladium bar saw its price rise one percent to CNY 146.50 ($23.16) per gram. Following a couple days of improvement, the price of Japanese palladium bar weakened by one percent. Prices closed at JPY 1,542 ($19) per gram. US palladium bar finished the day up 0.2 percent to $604.00 per ounce.

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