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Materials Up on Hopes for Less Aggressive Fed Policy -- Materials Roundup

08/11/2022 | 04:28pm EDT

Producers of metals and other raw materials rose as traders digested the prospects of a potentially less aggressive Federal Reserve.

The dollar continued its recent slide against other currencies amid speculation on the Fed's next move, buoying copper and other metals futures.

Chilean copper mining giant Antofagasta reiterated copper production targets for the year of 640,000-to-660,000 metric tons at a cost of $1.65 a pound.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

08-11-22 1627ET

Stocks mentioned in the article
ChangeLast1st jan.
ANTOFAGASTA PLC 0.00% 1101.5 Delayed Quote.-17.71%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.05% 0.64969 Delayed Quote.-11.37%
BRITISH POUND / US DOLLAR (GBP/USD) 2.64% 1.11176 Delayed Quote.-20.72%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.40% 0.7304 Delayed Quote.-7.88%
EURO / US DOLLAR (EUR/USD) 1.09% 0.9815 Delayed Quote.-14.64%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.07% 0.012274 Delayed Quote.-8.86%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.19% 0.57174 Delayed Quote.-17.64%
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