Producers of metals and other raw materials rose as investors bet the sector was poised to benefit from mounting inflation.
Federal Reserve Chairman Jerome Powell is among those warning that supply-side issues make it unlikely that inflation will ease in the short term.
Gold futures topped $1800 an ounce, closing at their highest level in roughly six weeks.
South African miner Sibanye-Stillwater is in advanced talks to buy two Brazilian nickel-and-copper mining companies for about $1 billion including debt, a bet on continued demand for metals used in the production of electric-car batteries.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
10-25-21 1631ET
