Producers of metals, grains and other raw materials fell as the U.S. dollar rebounded due to doubts about the reopening of the Strait of Hormuz.
Lithium prices buoyed Albemarle's Q2 earnings amid broader commodity decline driven by dollar strength and Strait-of-Hormuz risk. For infrastructure teams, sustained lithium costs signal capex headwinds on data-center cooling and AI hardware supply; Middle East shipping risk is critical for forecasting.
Producers of metals, grains and other raw materials fell as the U.S. dollar rebounded due to doubts about the reopening of the Strait of Hormuz.
Gold futures were more or less flat, at $4242 a troy ounce, ahead of the key July jobs data.
Albemarle shares rose after strong lithium prices buoyed the miner's second-quarter earnings.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
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