Materials Flat as Second Inflation Wave Seen -- Materials Roundup

Producers of metals and other raw materials were flat as traders anticipated more inflation.

Wholesale inflation this week heated up more than anticipated, in a development that could indicate metals and other input prices are undergoing a second wave of gains.

Gold futures slipped for the session and for the week, but remain within 2% of all-time highs above $2100 an ounce.

NAC Kazatomprom, the world's largest producer of uranium, booked a jump in full-year profit while revenue beat guidance on soaring uranium prices, and said global output won't cover market needs this decade.

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(END) Dow Jones Newswires

03-15-24 1755ET