Why Shares in Chemours Soared More Than 10% Today

·2 min read
Why Shares in Chemours Soared More Than 10% Today

Shares in chemicals company Chemours (NYSE: CC) were up almost 10% as of 3 p.m. EDT today. The move marks a sectorwide shift in sentiment on chemicals companies, particularly titanium dioxide suppliers like Chemours and its peers Kronos Worldwide, Tronox, and Venator Materials. Titanium dioxide is a critical ingredient in paint, coatings, and packaging, among other industries.

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