LWLG - Materials Sector Weekly Round-up: Ferroglobe tops list; Glatfelter drops on earnings decline

The S&P Materials sector closed this trading week in green at +1.95%, one of the top gainers for the five-day period. The Materials Select Sector SPDR (NYSEARCA:XLB) was also up +1.01%. Copper futures (HG1:COM) closed at the same levels as it did at the start of the week, but surged in the last three days to its best percentage gain in nearly one month, dating back to Jan. 12. Copper got a boost from investors' stronger risk appetite demand as the major averages rally deep into the green and the dollar softens. A stock shortage is also impacting prices; Frik Els at Mining.com wrote that copper stocks are again approaching historically low levels, with only 200K metric tons of available inventory officially held by the exchanges in London, New York and Shanghai. Investors concerns over tight supply and falling inventories also fired up aluminum prices, which rose to near October's 13-year high

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Materials Sector Weekly Round-up: Ferroglobe tops list; Glatfelter drops on earnings decline