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Nucor's stock dropped 1.64% on December 17, 2025, as rising scrap steel costs began to counteract the benefit of benchmark steel prices reaching $900 per ton.
Shares of Cleveland-Cliffs (CLF) jumped significantly after Voya Investment Management highlighted the company's efficiency gains within its automotive platform. The market reacted positively, pushing the stock to new short-term highs and reinforcing its strong year-to-date performance.
Coeur Mining will acquire New Gold in a $7 billion all-stock deal, creating a major North American precious metals producer. The move comes as investors shift capital from technology stocks to the materials sector amid growing concerns over AI valuations.