IMG:CC - Materials Sector Weekly Round-up: Hudson Livent top list after strong Q1; Iamgold drops on capex pressure

The S&P Materials sector closed this trading week with a slight dip of 0.68%. The Materials Select Sector SPDR (NYSEARCA:XLB) was also down 0.66%. Aluminum prices hit a four-month low on Friday as demand concerns created by slowdowns in manufacturing activity in China and elsewhere were reinforced by the strong dollar, Reuters reports. LME benchmark aluminum (LMAHDS03:COM) traded -0.7% at $2,895/metric ton after earlier touching $2,888/ton, a 30% decline since early March and the lowest price since Jan. 6. Copper prices, meanwhile, was down 0.2% at $9,467/ton, zinc fell 2.1% at $3,824/ton, lead dropped 1.4% to $2,246, tin lost 1.5% to $39,900 and nickel ceded 0.3% to $30,025. Base metals also tumbled at the start of the week in light of slowing manufacturing activities in China and the U.S., along with a stronger dollar, expected interest rate hikes in the U.S., and the war in Ukraine, which is pushing up

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Materials Sector Weekly Round-up: Hudson, Livent top list after strong Q1; Iamgold drops on capex pressure