POM:CC - Materials Weekly Round-up: TMC tops list of gainers; Benson Hill ranks bottom

The S&P Materials sector was down -0.3% this week and and the Materials Select Sector SPDR ETF (XLB) dropped -0.2%. Gold miners made gains this week; Comex gold's 5.9% rise in Q1 marked the metal's best quarterly showing since Q2 2020, with Russia's invasion of Ukraine, inflation worries and risks to global growth have boosted the appeal of gold as a safe haven asset. Iron ore prices also extended their recent rally, as markets expect robust restocking demand in China when COVID-19 restrictions are lifted, Mining.com reports. The most-traded Dalian iron ore (SCO:COM) for September delivery ended daytime trade +3% at 895 yuan/metric ton ($140.90) on Wednesday after touching 898 yuan, the highest since August 9, and benchmark 62% Fe fines (TIOC:COM) imported into Northern China +3.4% to $158.20/ton, according to Fastmarkets MB. Meanwhile, benchmark aluminum (LMAHDS03:COM) was up +3.3% at $3,549/metric ton in London on Wednesday, and has jumped ~25% YTD after rising 42% in 2021. Aluminum and

For further details see:

Materials Weekly Round-up: TMC tops list of gainers; Benson Hill ranks bottom