Renewables MMI®: Silicon, US GOES Prices Decline

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Silicon’s 6.2 percent decline made it this week’s biggest mover on the Renewables MMI®.

Meanwhile, the latest monthly update of the US GOES (Grain-Oriented Electrical Steel) price shows that it dropped 5.8 percent. (The actual US GOES price is available in the MetalMiner IndX℠.)

The price of Chinese cobalt cathodes declined two percent over the past week. The price of neodymium did not change since the previous week. Chinese steel plate remained essentially flat from the previous week, resting between $750 and $775 per metric ton.

Closing at above $1,000 per metric ton, Japanese steel plate remained unchanged for the week. Korean steel plate traded sideways last week, hovering around between $900 and $950 per metric ton. Chinese steel plate prices held steady from the previous week at above $750 per metric ton. US steel plate closed out the week with a 1.2 percent decline.

The Renewables MMI® collects and weights 8 metal price points used extensively within the renewable energy industry to provide a unique view into renewable energy metal price trends. For more information on the Renewables 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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