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Materials Tick Down As Stimulus Negotiations Are Delayed — Materials Roundup

Producers of metals and other raw materials ticked down as investors weighed delays in stimulus negotiations against recent medical advances.

Industrial metal copper finished the week with a robust 3.7% advance, reflecting the boost to risk appetite from vaccine hopes.

London-listed miner Red Rock Resources said it will start a geophysics exploration program at its Luanshimba copper and cobalt project in the Democratic Republic of Congo.

Gold futures rose for the first time in four sessions on Friday, but posted a second straight weekly decline, losing 0.7% to $1872.60 an ounce, as progress in vaccine development weighed on safe-haven demand.

 

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

November 20, 2020 16:45 ET (21:45 GMT)

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