Producers of metals and other raw materials fell sharply amid fears about rising interest rates. The yield on the 10-year Treasury topped 1.8% to close at the highest level since January 2020, before the onset of the pandemic. Shares of Rio Tinto fell sharply after the global mining giant's Australia iron-ore production projection lagged Wall Street expectations. Copper futures finished slightly lower, as concerns about falling demand in China offset global shortages of the metal, according to research firm Capital Economics.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-18-22 1639ET
