Producers of metals and other raw materials rose as prices of many commodities hovered near records despite a flight from risk in global markets.
The price of copper slipped slightly in London trading but remained above the $10,000-per-tonne level breached for the first time ever earlier this month.
Lumber futures rose, according to data from the CME Group. Iron ore prices hovered near record highs in China.
Prices of commodities are set to keep rising as miners adjust to supply-chain and labor-force crunches triggered by a surprisingly rapid rebound in global demand.
Shares of Australian mining services company Perenti Global fell after it warned that labor shortages in Australia would hurt its production.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-13-21 1629ET
