Producers of metals and other raw materials fell as volatility in precious metals continued and a mega-deal fell apart.
Rio Tinto said it was no longer considering a tie-up with Glencore after weeks of talks, killing a potential deal that would have created the world's largest mining company with a market value of more than $200 billion. Shares of Glencore plunged.
Canadian miner Barrick Mining will break off its North American gold assets into a separate company as the miner seeks to boost value at a time when prices for the precious metal have soared.
Silver futures plunged 9% to $76.53 an ounce amid after-shocks from last week's crash.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
02-05-26 1756ET
