SLVM - Materials Weekly Round-up: Intrepid Potash Ramaco among top gainers; Zymergen among losers

Base metals continued to make record gains as the Russia-Ukraine crisis escalates. Comex copper futures (HG1:COM) settled at a record high $4.938/lb on Mar. 04, capping a 10%-plus gain since Russia launched its invasion of Ukraine more than a week ago. April Comex gold (XAUUSD:CUR) also touched at $1,969.45/oz, following similar gains over the previous week and marking its largest weekly rise since May 2021. Gold futures traded higher as Russia's attack on the Ukrainian nuclear plant, which caused a fire and fears of a potential Chernobyl-style disaster, raises concern that the invasion is taking a more perilous turn. Western sanctions have not yet singled out the Russian aluminum industry, which is one of the world's largest suppliers of the metal, for fear of disrupting already short global supplies. Yet aluminum has been hitting record highs too. On the London Metal Exchange, aluminum (LMAHDS03:COM) hit a fresh record high $3,699/metric

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Materials Weekly Round-up: Intrepid Potash, Ramaco among top gainers; Zymergen among losers