China, the world's top producer of rare earth elements, last year also emerged as the biggest importer of the group of minerals used in everything from ceramics to consumer electronics, analysts said on Wednesday.China has for years been the world's biggest rare earths exporter, raising shipments overseas by 4 percent year-on-year to more than 53,000 tonnes in 2018, and its emergence as the top im...Read More

There is still more room for downgrades on the medical device stockThe shares of Sientra Inc (NASDAQ:SIEN) are down 22.5% to trade at $8.82, one of the worst stocks on the Nasdaq this morning, after the company reported a fourth-quarter loss of 86 cents per share, steeper than the 68 cents per-share loss analysts were expecting. In response, William Blair downgraded the silicone implants producer...Read More

The London Metal Exchange's (LME) warehouse problems are back.Long load-out queues earlier this decade generated media scandal, a flurry of legal action and intense regulatory scrutiny of the exchange.The ensuing raft of reforms to its storage network appeared to have laid the issue to rest.At the end of February, there was a 229-day queue to get aluminium out of warehouses in Malaysia's Port Klan...Read More

"More red flags about Rio Tinto's reliance on iron ore, shareholder payouts, and state of its #copper division ($) | https://t.co/0FKQJ7Sq7o $RIO #LSE #ASX"Read full newsRead More

The stock has more than doubled year-to-dateStreaming name Roku Inc (NASDAQ:ROKU) is 4% lower at $67.87 this morning, after the shares were slapped with their first "sell" rating in nearly a year, per Thomson Reuters. Loop Capital downgraded ROKU to "sell" from "hold" on "excessive valuation" and increased insider selling. Meanwhile, Macquarie downgraded ROKU to "neutral" from "outperform," but...Read More

Yesterday’s slightly weaker US inflation data weighed on the dollar and this helped to maintain the recent short-term bullish trend for the buck-denominated precious and some base metals like copper. The metals have extended their gains this morning, with gold hovering just above $1300 and silver trading around $15.50 per ounce. The fact that more central banks turned dovish last week is a p...Read More

Russian billionaire Roman Abramovich sold $551 million worth of shares in mining giant Norilsk Nickel on Tuesday during an accelerated bookbuilding deal (ABB), the deal's arranger VTB Capital said.The shares, accounting for a 1.7 percent stake in the world's largest palladium producer, were bought predominantly by British-based investors, with Russian investors also buying a third of the shares, D...Read More

Rite Aid just announced that several executives are stepping down The shares of Rite Aid Corporation (NYSE:RAD) are up 9.8% at $0.74 in early trading after the company announced that several executives would be leaving the company, including CEO John Standley, CFO Darren Karst, and COO Kermit Crawford. In addition to the C-suite shift, 400 corporate positions will also be cut. The stock is now pac...Read More

Can mining be green?That's certainly the ambition of some of the biggest companies in the sector. Rio Tinto Group last year became the first major miner to stop digging up coal altogether. Glencore Plc, historically one of the commodity's most vocal boosters, has promised to cap production at current levels."We have a portfolio free of coal and oil and gas," Rio's Chief Executive Officer Jean-Seba...Read More

The weed stock tagged a record peak out of the gateThe shares of Aurora Cannabis Inc (NYSE:ACB) are trading up 11.2% at $8.89, fresh off a new per-share record high of $8.92. Boosting the weed stock is news Nelson Peltz has signed on as a strategic advisor, and will work with the cannabis company to explore possible partnerships and expand its global reach.ACB stock is fresh off a three-day winnin...Read More

Eskom Holdings SOC Ltd.'s biggest union threatened a week-long shutdown at the South African power utility ahead of national elections in May in the latest sign of tensions between President Cyril Ramaphosa and organized labor.The National Union of Mineworkers opposes the government's plans to split Eskom into generation, transmission and distribution units, it said in a statement. The labor group...Read More

Wall Street analysts are very bullish on AERI sharesAerie Pharmaceuticals Inc (NASDAQ:AERI) is trading up 7.8% this morning at $49.38, after the company said the Food and Drug Administration (FDA) approved Rocklatan, a treatment for glaucoma patients. This will be the second drug to hit the market for AERI, and an analyst at Stifel expects FDA approval for Rocklatan to provide a boost to Aerie's r...Read More

Roman Abramovich's sale of a stake in Russia's biggest mining company shows investor appetite for the country's assets is returning.Crispian Investments Ltd., a company controlled by Chelsea Football Club owner Abramovich and his partners, increased the size of the offering in MMC Norilsk Nickel PJSC to 1.7 percent from the originally envisaged 1.25 percent because of the strength of demand. The s...Read More

Durable goods orders rose in January for the third straight monthDow Jones Industrial Average (DJI) futures are pointed cautiously higher this morning, trying to shake off headwinds from the controversy surrounding Boeing's (BA) 737 MAX 8 aircraft. Global tensions remain high, as Britain's parliament will vote later today on whether to leave the European Union (EU) without a Brexit deal. Futures...Read More

Six foreign-controlled miners operating in Indonesia, including PT Vale Indonesia and a unit of Australia's Newcrest Mining, intend to divest some of their shares "in the near future" to meet regulations, an Indonesian official said.According to Indonesian mining rules, foreign-controlled miners are required to gradually start reducing ownership after five years of production. Within 10 years, for...Read More

Six foreign-controlled miners operating in Indonesia, including PT Vale Indonesia and a unit of Australia's Newcrest Mining, intend to divest some of their shares "in the near future" to meet regulations, an Indonesian official said.According to Indonesian mining rules, foreign-controlled miners are required to gradually start reducing ownership after five years of production. Within 10 years, for...Read More

Six foreign-controlled miners operating in Indonesia, including PT Vale Indonesia and a unit of Australia's Newcrest Mining, intend to divest some of their shares "in the near future" to meet regulations, an Indonesian official said.According to Indonesian mining rules, foreign-controlled miners are required to gradually start reducing ownership after five years of production. Within 10 years, for...Read More

UK Data Economic reports from the UK showed that the GDP rose 0.2% in the three months to January. On a quarterly basis, the economy picked up the pace, rising 0.5%. The gains came from an increase in IT, health services and wholesale trading. This offset the declines from manufacturing in metals, cars and construction repairs. Manufacturing production rose 0.8% on the month beating estimates of a...Read More

Northern Dynasty Minerals (TSX:NDM) has entered into a bought deal financing with Cantor Fitzgerald Canada to raise $10 million that will allow the miner to further advance its Pebble copper-gold-silver project in Alaska.The deal prices the company's shares at 64 Canadian cents, a 13.5% discount to the stock's price before the financing was announced.The Canadian miner has also granted the underwr...Read More

Northern Dynasty Minerals (TSX:NDM) has entered into a bought deal financing with Cantor Fitzgerald Canada to raise $10 million that will allow the miner to further advance its Pebble copper-gold-silver project in Alaska.The deal prices the company's shares at 64 Canadian cents, a 13.5% discount to the stock's price before the financing was announced.The Canadian miner has also granted the underwr...Read More