Rare earth prices have likely bottomed out and are poised to rise later this year on demand from electric vehicles (EVs) and wind power and as dominant producer China is expected to pull back on expanding output quotas, analysts said.
Chinese workers packed into trains on Monday, heading home for the Lunar New Year holidays with worries about their jobs and a stuttering economy overshadowing the build-up to the long-awaited family reunions.
Chinese brokerages, including state-owned behemoth China International Capital Corp (CICC), have restricted the amount of cross-border swap transactions domestic investors can undertake, as authorities seek to defend the weak stock market, according to six sources familiar with the matter.
Estee Lauder expanded its restructuring program on Monday to include cutting about 3% to 5% of its workforce, as the MAC lipstick owner aims to rebuild its profit margins after a delayed rebound in its key China business.
Caterpillar reported a double-digit increase in operating profit on Monday, beating Wall Street estimates as mining equipment sales remained robust as did demand for large construction equipment amid a rebound in the U.S. residential real estate market.