Materials Down On Central-Bank Policy Concerns -- Materials Roundup

Producers of metals and other raw materials slipped amid worries about the implications of global central bank policy.

"We expect the central banks of advanced economies to continue this year the hawkish shift that they began at the end of 2021," said strategists at brokerage BNP Paribas, in a note to clients.

Shares of Canadian miner First Quantum Minerals fell after the Panamanian government demanded an increase in royalty rates on the Cobre Panama copper mine from 2% of revenue to a range of 12%-to-15% on gross profit.

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01-14-22 1632ET