Materials Down as U.S. Dollar Remains Elevated -- Materials Roundup

Producers of metals and other raw materials fell as the U.S. dollar hovered near multi year highs ahead of key jobs data.

U.S. businesses created a solid 146,000 new jobs in November, paycheck company ADP said, in another sign the labor market has stabilized after big cool-down over the summer.

Rio Tinto, the world's second-biggest miner by value, expects annual iron-ore shipments from its Australian operations to be little changed in 2025, while forecasting its copper and bauxite production from its mines to rise from a year earlier.

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(END) Dow Jones Newswires

12-04-24 1817ET