Materials Up as Precious Metals Rally Stalls -- Materials Roundup

Producers of metals, grains and other raw materials ticked down as a precious metals rally stalled.

Silver futures fell for the first time in seven sessions, shedding 4.4%.

MP Materials shares rose after the company said it plans to invest more than $1.25 billion in its upcoming large-scale rare-earth magnet manufacturing campus in Northlake, Texas, fulfilling a key component of its partnership with the U.S. Defense Department. The company is among a small group of miners selected by the U.S. for support in the development of a full rare-earth supply chain, which would alleviate dependence on Chinese suppliers of the magnets used to make a wide array of defense, automotive and technology products.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

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