A 2 percent decline in Chinese steel plate made it the biggest mover of the week, closing down on the weekly Renewables MMI®.
Following a steady week, prices for Chinese cobalt cathodes closed flat. Silicon traded sideways last week. Neodymium remained essentially flat from the previous week.
Japanese steel plate remained unchanged for the week. Prices for Korean steel plate remained constant. Meanwhile, US steel plate prices were off slightly, down about $1 per short ton from a week ago.
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.