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Materials Up After Fed Statement -- Materials Roundup

11/03/2021 | 04:18pm EDT

Producers of metals and other raw materials rose as the Federal Reserve gave no indication of plans to tame inflation by hiking interest rates.

Fed Chairman Jerome Powell said he continued to believe that the current bout of inflation was largely a transitory phenomenon, a side effect of the economic recovery from the pandemic. The central bank did say it will commence a tapering of bond purchases.

Anglo American said Chief Executive Mark Cutifani would retire next year, ending a near-decadelong tenure heading up one of the largest global miners.

BHP Group extended the deadline on its takeover offer for Noront Resources, saying it has entered talks with shareholder and rival suitor Wyloo Metals over its stake.

 Write to Rob Curran at rob.curran@dowjones.com 

(END) Dow Jones Newswires

11-03-21 1717ET

Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLATINUM LIMITED -0.77% 1587.71 End-of-day quote.-12.61%
ANGLO AMERICAN PLC 1.59% 3680 Delayed Quote.20.18%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.73% 0.7043 Delayed Quote.-2.40%
BELIEVE -3.66% 8.955 Real-time Quote.-44.99%
BHP GROUP LIMITED -10.00% 43.02 Delayed Quote.15.18%
BRITISH POUND / US DOLLAR (GBP/USD) -0.32% 1.24997 Delayed Quote.-7.11%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.37% 0.77685 Delayed Quote.-1.14%
EURO / US DOLLAR (EUR/USD) -0.68% 1.06593 Delayed Quote.-6.03%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.10% 0.012895 Delayed Quote.-3.95%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.01% 0.64439 Delayed Quote.-5.73%
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