A 4.5 percent improvement on the weekly Renewables MMI® made Chinese steel plate the week’s biggest mover.
The price of Chinese cobalt cathodes did not change since the previous week. The week also finished with no movement for silicon. Following a steady week, prices for neodymium closed flat.
Meanwhile, the US grain-oriented electrical steel (GOES) coil prices increased 1.1 percent over the past month, the third straight increase in the past couple months.
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.