Molycorp Inc., the owner of the largest rare-earth deposit outside of China, jumped the most since its July 2010 initial public offering after posting a smaller-than-expected first-quarter loss as volumes rose.
Solvay SA, the chemical company created 150 years ago to produce soda ash, signaled that a lack of recovery in Europe will hurt earnings this year amid reduced demand for soda ash and plastics and lower sales of carbon credits.
President Barack Obama’s suggestion last weekend that he may favor greater U.S. exports of liquefied natural gas is a welcome sign. More exports would spur more domestic production and help balance U.S. trade.
Mitsui & Co. and Mitsubishi Corp., Japan’s biggest trading companies, expect a weaker yen to add almost $1 billion to profit this year, putting them on track to outpace their domestic peers in net income growth.