The monthly Renewables MMI® registered a value of 82 in June, a decrease of 2.4 percent from 84 in May.
The Renewables MMI® took its biggest dip between February 1 and March 1, but fell this past month along with all of the other MMI® index values. The Renewables MMI® baseline began on January 1, 2012 with a reading of 100. This report serves as the first public release of this data. The Renewables MMI® contains a broad range of constituent elements that go into the renewable energy industries.
“The metals that make up the Renewables MMI® fared similarly to most of the other monthly MMI reports this month by drifting slightly, but without any big drops,” said Lisa Reisman, managing director of MetalMiner. “Metals used for America’s shale gas boom continue to support the Renewables MMI® overall, despite what appears to be a decline in all of MMIs across the board.”
Biggest Drivers Of The Decline
Silicon was down 9.2 percent for the month. The US grain-oriented electrical steel (GOES) price followed suit with a 5.8 percent decline. Chinese steel plate dropped 4.4 percent. US steel plate prices decreased by 2.8 percent this month, while Chinese cobalt cathodes closed the month after dropping two percent.
The neodymium price did not budge the entire month. Korean steel plate traded sideways last month, staying above $900 per metric ton. Japanese steel plate experienced a flat month, staying above $1,000 per metric ton.
Disclosure: 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 over a 30-day period. MetalMiner will publish the monthly MMI® reports during the first week of the month, every month.
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
Monthly Renewables MMI® Falls 2.4% To 82, GOES Price Leads Drop
Published 06/08/2012, 03:23 AM
Updated 07/09/2023, 06:31 AM
Monthly Renewables MMI® Falls 2.4% To 82, GOES Price Leads Drop
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or
remove ads
.
Latest comments
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.