PLL - Materials Weekly Round-up: Intrepid Potash Mosaic among top gainers; lithium stocks among top losers

The S&P Materials sector and the Materials Select Sector SPDR (NYSEARCA:XLB) concluded the trading week with a slight dip of -0.7%. Copper and aluminum prices rebounded on Friday following two days of declines, helped by tight supply, firmer oil prices and hopes of more Chinese stimulus. As per Reuters, three-month copper on the LME (HG1:COM) reached $10,358/ton by 1115 GMT (+0.5%), while three-month LME aluminum (LMAHDS03:COM) gained 1% to $3,417. "Base metals have been tracking to some extent to what's going on in energy markets, not least because that pushes up their costs. Supply of most metals is constrained, stocks are low, so we're forecasting prices will stay high for most of this year, even with the slowdown in China," said Caroline Bain, chief commodities economist at Capital Economics. Other metals, LME zinc climbed 1.2% to $4,237/ton, tin grew 0.1% to $43,625, while nickel was little changed at $33,700. Lumber futures

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Materials Weekly Round-up: Intrepid Potash, Mosaic among top gainers; lithium stocks among top losers