XLB State Street Materials Select Sector SPDR ETF
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Sinomatech Raises $616.1 Million as Investors Bet on AI Materials
Sinomatech, the new-materials division of China National Building Material Group, announced a $616.1 million private placement. The deal attracted 15...
EU Backs 46 Critical-Minerals Projects with €21 Billion to Cut China Reliance
The European Union announced support for 46 new strategic projects to expand domestic supplies of critical raw materials. It is committing €21 billion in...
Materials Stocks Decline on Surging Yields and Broad Market Weakness
The materials sector, proxied by the XLB ETF, fell 1.51% in the pre-market session amid a broader market downturn. The primary driver was a surge in Treasury...
Materials Sector Declines on Weakness in Rare Earth and Critical Minerals
The materials sector is trading lower, with significant weakness observed in companies related to rare earth and critical minerals. Key players in this...
🟢 Materials ETF (XLB) is trading 5.4% up in after-hours trading as copper and silver rise
XLB is trading at $52.17, up 5.39% versus the regular-session close, with copper and silver gains supporting the materials move. - Copper rose as softer U.S....
Materials Sector Rallies as Copper and Silver Prices Climb
The materials sector, as measured by the XLB ETF, is trading higher today, primarily driven by a surge in key industrial and precious metals prices. Copper...
China Probes EU p-Nitrotoluene Imports After Prices Fall Nearly 60%
China’s Ministry of Commerce said on Saturday that it had launched an anti-dumping investigation into p-nitrotoluene imports from the European Union. The...
Mesabi Metallics’ $15B Iowa Steel Plant Hinges on Tax Vote
Iowa lawmakers convened a special session on October 2, 2026, to consider raising the state’s cap on tax incentives. The move could help secure a proposed $15...
Materials Sector Rises on Weak Jobs Data, Fed Rate Hike Hopes Fade
The materials sector, as measured by the XLB ETF, is trading up 1.50% in the current session. This move is likely part of a broader market rally following the...
🔴 Materials ETF (XLB) is trading 3.58% down in pre-market after steelmakers' guidance fell short of expectations
XLB is trading at $46.80, down 3.58%, as coverage points to continued pressure on steelmakers Nucor and Steel Dynamics after third-quarter guidance fell short...
Materials Sector Declines on Weak Steel Guidance and Rising Costs
The materials sector is trading significantly lower today, primarily driven by negative guidance from key steel producers Nucor and Steel Dynamics, which has...
INEOS Mothballs Three Hull Plants Amid High Energy Costs, Tightening Supply
INEOS is mothballing three acetyls production units at its facility in Hull, UK, citing persistently high energy costs. The move highlights the energy-cost...
Knife River Faces Activist Push for Strategic Review and Margin Plan
Activist investor Starboard Value is pressing Knife River (KNF) to explore strategic alternatives and lay out a clear plan to improve EBITDA margins. Knife...
BASF Proposes Evonik Takeover as Shares Jump More Than 7%
BASF, the world’s largest chemical producer, has submitted a takeover proposal for German rival Evonik Industries. The move could reshape Europe’s chemical...
Mesabi Metallics launches $2.5B iron mine, Minnesota's first in 50 years
Mesabi Metallics began iron ore extraction Thursday at its $2.5 billion Nashwauk facility. A single blast dislodged 1.3 million tons of ore to mark the start...
Prysmian and Aurubis sign record copper deal to fuel AI growth
Prysmian and Aurubis signed their largest-ever long-term agreement for copper wire rod supply. This deal deepens a partnership spanning more than three...
Sumitomo Chemical and Tata partner, localizing India’s semiconductor supply chain
Sumitomo Chemical and Tata Electronics signed a Memorandum of Understanding to develop a semiconductor materials supply chain in India. The companies will...
Materials Sector Declines on Weaker-Than-Expected Industrial Production
The materials sector experienced a significant downturn after the release of disappointing U.S. industrial and manufacturing production data for August....
Amcor and Dow partner on low-carbon packaging, targeting Scope 3 emissions
Packaging leader Amcor and materials science firm Dow launched a strategic partnership to accelerate low-carbon packaging adoption. The collaboration combines...
Nippon Steel invests $1B in Slovakia, accelerating green steel production
Nippon Steel will invest approximately €900 million ($1.04 billion) in its U.S. Steel Kosice unit in Slovakia. The capital will fund a new electric arc furnace...