DNMR - Compass Minerals tops materials stocks on lithium discovery; Gatos plunges to bottom amid offering

Basic material stocks recorded a marginally positive week, with iShares U.S. Basic Materials (IYM) +1.29% and Materials Select Sector SPDR ETF (XLB) +1.17%.During the week lumber futures (LB1:COM) surrendered all of their astronomical 2021 gains as demand eases and supply expands in response to earlier gains. Lumber futures ended the week at $546 per 1,000 board feet, down from levels as high as $1,733.50 in 2021.Meanwhile, gold maintained its methodical rise, reaching its highest settlement since mid-June alongside declines in the U.S. dollar and Treasury yields.Gold spot price (XAUUSD:CUR) settled to $1,810.7/oz after reaching $1,825 during the week, the highest for the most-active contract settlement since June 16. Gold prices remain at levels that still allow for healthy margins and free cash flows for the miners, Credit Suisse says, anticipating a healthy H2 for the miners' production.Benchmark Dalian iron ore futures in Asia jumped more than 3% on July 13, as

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Compass Minerals tops materials stocks on lithium discovery; Gatos plunges to bottom amid offering