It is reported that neodymium prices dropped, making the rare earth metal the biggest mover on the weekly Renewables MMI® this week, after drifting 3.5%.

Chinese cobalt cathodes saw its price rise 1.6% over the past week. The price of silicon did not change since the previous week. Prices for Chinese steel plate also closed flat.

The price of US steel plate declined 0.9% over the past week, while Japanese steel plate, Korean steel plate and Chinese steel plate.

The price of US grain oriented electrical steel increased 2.4% this month. Keep an eye on the MetalMiner Index for the GOES price update coming later this month.

Source - www.forexpros.com

(www.steelguru.com)