Materials Down As Some Commodity Prices Retreat -- Materials Roundup

Producers of metals and other raw materials fell as some industrial commodities gave back some of their recent gains.

After spiking in May, the price of copper has levelled off in recent sessions, partly due to Chinese efforts to crimp speculation. Iron-ore futures rose after Chinese proposals to ease steelmaking restrictions in a key region.

Gold futures, which are particularly sensitive to movements in the value of the dollar, ticked up to settle at the highest price since January.

Tyson Foods replaced Chief Executive Officer Dean Banks with veteran executive Donnie King after about eight months on the job as the top U.S. meat company contends with production constraints and fallout from Covid-19.

 Write to Rob Curran at [e-mail] 

(END) Dow Jones Newswires

06-02-21 1653ET