Stocks in the materials sector fell along with the wider market as geopolitical tensions weighed on sentiment.
USA Rare Earth named Serra Verde Group Chief Executive Thras Moraitis to lead the company following the completion of a $2.8 billion combination of the two mining companies. Moraitis's appointment is effective Oct. 1, the company said. He will succeed Barbara Humpton, who is retiring from the company and board at that time.
The European Commission said it provisionally found that ten construction chemical groups and three trade bodies operated a cartel to raise prices following the Covid-19 pandemic and Russia's invasion of Ukraine.
Write to Patrick Sheridan at patrick.sheridan@wsj.com
(END) Dow Jones Newswires
