Materials Up In Anticipation Of Stimulus Spending -- Materials Roundup

Producers of metals and other raw materials rose in anticipation of stimulus spending by the incoming Biden administration.

Stimulus hopes pushed down the relative value of the U.S. dollar, which, in turn, drove up the price of gold.

Russian gold miner Nord Gold UK Societas, or Nordgold, is looking to list its stock in London as early as this summer in what would be one of the largest new mining listings in recent years, The Wall Street Journal reported.

Anglo Australian mining giant BHP Group said it produced more iron ore but less coal, copper and petroleum in the first half of its fiscal year, as it flagged an impairment charge of between $1.15 billion and $1.25 billion against an Australian coal unit.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

01-20-21 1703ET