Materials Shares Slip; Gold and Copper Rise -- Materials Roundup
Shares of commodities producers slipped.
Gold prices inched higher, while copper for February delivery surged upward, continuing a rebound following last week's declines. The industrial metal has fallen 4% off four-year highs hit in late December, but some analysts expect supply disruptions from mining labor contract renegotiations and strong demand to buoy prices moving forward.
AptarGroup shares were up 9% Tuesday, hitting an all-time high, following a strong earnings report.
Louisiana-Pacific shares were also higher on better-than-expected earnings. The building products maker also reinstated its dividend.
FMC Corp. fell after the chemical manufacturing company topped earnings expectations but sales came up short. (firstname.lastname@example.org)