Producers of metals and other raw materials fell after a relatively weak jobs report.
American employers added 210,000 workers in November, the most meager growth in payrolls since last December.
China approved the creation of one of the world's largest rare-earths companies, a merger of existing rare-earth mining concerns dubbed China Rare Earth Group, as it seeks to maintain dominance in the global supply chain of the strategic metals, used extensively in technology manufacturing.
Shares of global mining giant BHP Group fell sharply, suggesting worries that the latest Covid 19 variant will affect demand.
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(END) Dow Jones Newswires