Sunday, June 22, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

LSB tops list; Mechel drops as Russia attacks Ukraine

by Euro Times
February 26, 2022
in Business
Reading Time: 3 mins read
A A
0
Home Business
Share on FacebookShare on Twitter


LSB tops list; Mechel drops as Russia attacks Ukraine

D. Lentz/iStock by way of Getty Pictures

The S&P 500 Supplies sector closed this buying and selling week within the pink at -0.24%, whereas the Supplies Choose Sector SPDR (NYSEARCA:XLB) was up +0.11%.

Industrial metals surged throughout the board this week within the wake of Russia’s invasion of Ukraine, with aluminum costs (LMAHDS03:COM) hitting a document excessive of $3,450/ton and nickel (LN1:COM) leaping to a decade-high $25K/ton on the London Metallic Alternate.

Russia is the world’s second largest exporter of aluminum, and the struggle in Ukraine threatens provides which are already stretched skinny by robust demand and shrinking inventories. Current sanctions have excluded Russia’s vitality and aluminum sectors to this point. Nevertheless, subsequent sanctions might feed excessive vitality costs which might elevate manufacturing prices for aluminum and different base metals.

The Ukraine disaster additionally triggered a leap in gold futures to their highest ranges since early 2021 and on monitor for his or her largest day by day rally in about two years. April Comex gold (XAUUSD:CUR) crossed the $1,970/ouncesmark, the very best for a most-active contract settlement since January 2021, whereas March silver (XAGUSD:CUR) touched $25.50/oz.

Check out this week’s high gainers and losers amongst fundamental materials shares ($300M market cap or extra):

LSB Industries (NYSE:LXU) +31.51%; Shares have surged after a simple This fall earnings beat, with the corporate saying it expects demand for agricultural merchandise will “stay sturdy in 2022 after a really robust 2021.”

Benson Hill (NYSE:BHIL) +17.83%; The agency’s preliminarily 2021 outcomes counsel better-than anticipated consolidated revenues that additionally exceed its prior steerage.

Olympic Metal (NASDAQ:ZEUS) +14.18%; Olympic Metal posted This fall earnings and revenues that beat estimates, marking 2021 because the “most worthwhile yr” for the corporate.

Rayonier Superior Supplies (NYSE:RYAM) +12.00%; Rayonier missed This fall estimates, however income for FY21 grew 5% to simply over $1.4B. The agency additionally decreased debt by over $155M and grew money balances by almost $160M.

Mp Supplies (NYSE:MP) +11.63%; MP too posted a This fall earnings beat, and greater than doubled revenues from the year-earlier quarter.

Mechel PAO (NYSE:MTL) -39.02%; The Russian mining and metals chief seems to have been impacted by the struggle in Ukraine.

New Gold (NYSE:NGD) -15.00%; Shares have declined regardless of reporting This fall earnings which indicated the strongest manufacturing quarter of the yr, and lowest quarter from a price perspective.

Orion Engineered Carbons (NYSE:OEC) -12.83%; Earlier this week the agency introduced plans to lift costs for all specialty carbon black merchandise owing to rising uncooked materials, operations and provide chain prices.

Neenah (NYSE:NP) -11.87%

Bioceres Crop Options (NASDAQ:BIOX) -11.72%

Different supplies ETFs to look at: iShares International Timber & Forestry ETF (NASDAQ:WOOD), Supplies Choose Sector SPDR ETF, Vanguard Supplies ETF (NYSEARCA:VAW), iShares International Supplies ETF (NYSEARCA:MXI), SPDR S&P Metals and Mining ETF (NYSEARCA:XME), VanEck Vectors Gold Miners ETF (NYSEARCA:GDX), iShares MSCI International Gold Miners ETF (NASDAQ:RING), International X Copper Miners ETF (NYSEARCA:COPX).



Source link

Tags: attacksdropslistLSBMechelRussiatopsUkraine
Previous Post

What is flash memory and how does it work?

Next Post

What is a Dark Cloud Cover Pattern?

Related Posts

Chopper crashes must lead up to better regulation

Chopper crashes must lead up to better regulation

by Euro Times
June 22, 2025
0

Non secular tourism should be accompanied by extra accountable governance, each within the air and on the bottom | Photograph...

Ahead of Market: 10 things that will decide stock market action on Monday

Ahead of Market: 10 things that will decide stock market action on Monday

by Riya Sharma
June 22, 2025
0

The Indian market ended within the inexperienced on Friday, snapping a three-day shedding streak, as a rally in monetary shares...

US steps into war between Israel and Iran, strikes 3 Iranian nuclear sites

US steps into war between Israel and Iran, strikes 3 Iranian nuclear sites

by zee business
June 22, 2025
0

The US army struck three websites in Iran early Sunday, inserting itself into Israel ’s conflict aimed toward destroying the...

Houthis threaten US warships in Red Sea if Trump backs Israel against Iran

Houthis threaten US warships in Red Sea if Trump backs Israel against Iran

by Euro Times
June 21, 2025
0

 The menace escalates tensions within the broader Center East as President Donald Trump continues to weigh a doable U.S. entry...

FATF Report Links Dual-Use Equipment Seized By India In 2020 To Pak’s Defence Agency

FATF Report Links Dual-Use Equipment Seized By India In 2020 To Pak’s Defence Agency

by PTI
June 21, 2025
0

A dual-use tools seized by India from a Pakistan-bound service provider vessel in 2020 is linked to Islamabad's Nationwide Improvement...

Belarus opposition leader Tikhanovsky freed from jail

Belarus opposition leader Tikhanovsky freed from jail

by Euro Times
June 21, 2025
0

One of many leaders of Belarus's opposition motion, Sergei Tikhanovsky, has been launched from jail in Belarus after being pardoned,...

Next Post
What is a Dark Cloud Cover Pattern?

What is a Dark Cloud Cover Pattern?

Biden and Putin, Children of the Cold War, Face Off Over Ukraine

Biden and Putin, Children of the Cold War, Face Off Over Ukraine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

XRP, SOL, ETH, HYPE Oversold Bounce Possible If BTC Recovers

XRP, SOL, ETH, HYPE Oversold Bounce Possible If BTC Recovers

June 22, 2025
Spain reaches deal with NATO ahead of summit to be excluded from 5% defense spending goal

Spain reaches deal with NATO ahead of summit to be excluded from 5% defense spending goal

June 22, 2025
Chopper crashes must lead up to better regulation

Chopper crashes must lead up to better regulation

June 22, 2025
Real Madrid vs. Pachuca From Anywhere for Free: Stream FIFA Club World Cup Soccer

Real Madrid vs. Pachuca From Anywhere for Free: Stream FIFA Club World Cup Soccer

June 22, 2025
Dogecoin Falls Below alt=

Dogecoin Falls Below $0.16: Here’s How Its Price Action Could Play Out

June 22, 2025
Bitcoin crashes on Iranian Parliament approval of Hormuz Strait closure

Bitcoin crashes on Iranian Parliament approval of Hormuz Strait closure

June 22, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

XRP, SOL, ETH, HYPE Oversold Bounce Possible If BTC Recovers

Spain reaches deal with NATO ahead of summit to be excluded from 5% defense spending goal

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In