-- China exported 5,238 metric tons of rare earth magnets in March, down 1.6% from last year but up 11% from February, Reuters reported Monday.
This brought first-quarter exports to 16,001 tons, up 4.8% from the previous year, according to the report.
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MULTI COMMODITY EXCHANGE OF INDIA (BOM:534091) said it has received approval from the Securities and Exchange Board of India (SEBI) to invest in a proposed coal exchange company, according to a Monday filing on BSE.The company plans to incorporate a wholly owned subsidiary for the venture with an initial investment of up to 1 billion Indian rupees, the filing said. The proposed entity will develop a platform for coal trading and price discovery, it added.
Acom (TYO:8572) raised its attributable profit forecast for the fiscal year ended March 31 to 79.6 billion yen from 72.2 billion yen initially, according to a Tokyo bourse filing on Monday.The consumer loan company now expects basic EPS to reach 50.81 yen from 46.09 yen previously, and operating revenue to reach 337.7 billion yen from 331.8 billion yen.The upward revision was driven by interest on operating loans exceeding expectations and the impact of yen depreciation, while operating expenses fell below plan due to lower provisions for bad debts and loss on interest repayment.Additionally, Acom raised its year-end dividend forecast to 12 yen per share from 10 yen previously.
Inner Mongolia Baotou Steel Union (SHA:600010) plans to renew its financial services agreement with Baogang Group Finance for three more years, according to a Shanghai bourse filing on Saturday.The Chinese metal smelter's shares rose less than 1% at the close of Monday's trade.The financial services will include deposit services, which will have a daily maximum deposit balance of up to 5 billion yuan, bill acceptance capped at 1.9 billion yuan and loan services that have a daily credit balance cap of up to 5 billion yuan.