Cement is laid on the San Joaquin River viaduct portion of the high-speed rail line being built in Fresno, California, on May 8, 2019, amid ongoing construction of the railway in California’s Central and San Joaquin Valleys.

Frederic J. Brown | AFP | Getty Images

An infrastructure agreement between the Biden administration and a bipartisan group of senators represents a “big step forward” and a positive for two materials companies, according to Jefferies.

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