METC - Materials Weekly Round-up: Danimer Scientific Benson Hill among top gainers; New Pacific Metals Intrepid Potash among losers

The S&P materials sector was +5.2% for the week and the Materials Select Sector SPDR ETF (XLB) +5.1%. Aluminum futures continued to make gains on worries about supply from Russia, with benchmark aluminum (LMAHDS03:COM) on the London Metal Exchange up 1% to $3,418/metric ton. Meanwhile, nickel (LN1:COM) tumbled 12% to the daily limit of $36,915/ton as glitches continued. "The market is concerned that the Ukraine conflict could persist for longer, so that's refocused attention on worries about supply for many commodities from Russia," Xiao Fu, head of commodity market strategy at Bank of China International, told Reuters, adding that higher oil prices will have a much larger impact on aluminum than other base metals. Precious metals and commodity prices also had a surge during the week, after Russia said reports of progress in negotiations with Ukraine are "wrong," and the dollar dropped. April Comex gold (XAUUSD:CUR) bounced back on March 17 after

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Materials Weekly Round-up: Danimer Scientific, Benson Hill among top gainers; New Pacific Metals, Intrepid Potash among losers