Basic Material Losers: Vale SA (NYSE:VALE), Companhia Siderurgica Nacional (NYSE:SID), Rare Element Resources Ltd (NYSEMKT:REE), Yanzhou Coal Mining (NYSE:YZC)

The state-sponsored committee in Guinea has recommended withdrawing the mining rights of BSG Resources Ltd. and Vale SA (ADR) (NYSE:VALE). The duos have got the rights of Simandou iron-ore project. The investigation was in process from last 18 months. The government committee said that the companies didn’t use the fair means to get the rights of Simandou iron-ore project. The deal is under scrutiny in the US too. They doubt that the deal has violated the Foreign Corrupt Practices Act. Vale SA (ADR) (NYSE:VALE) shares after opening at $14.24 moved to $14.25 on last trade day and at the end of the day closed at $13.90. Company price to sales ratio in past twelve months was calculated as 1.50 and price to cash ratio as 10.05. Vale SA (ADR) (NYSE:VALE) showed a negative weekly performance of -7.76%.

Zacks reaffirmed their “neutral” rating on Companhia Siderurgica Nacional (ADR) (NYSE:SID) in the research report that was issued on Thursday. Currently, they have a price target of $4.50 on the stock. This target price would indicate the potential upside of 9.76 percent from Companhia Siderurgica Nacional (ADR) (NYSE:SID)’s current price. The Zacks’ analyst wrote that CSN reported a loss per ADR of $0.15 in Q4 2013 despite its top-line improvement of 11percent. Steel sales-volume dropped 5% sequentially, while the iron ore sales volume rose 2%. The net fiscal-result was an expense of R$929M. Q4 results and the near-term risks, including the rising cost of sales, the growing competition and the exchange rate fluctuations, have forced the firm to maintain their “neutral” rating. Companhia Siderurgica Nacional (ADR) (NYSE:SID) shares fell -5.40% in last trading session and ended the day on $4.03. Companhia Siderurgica Nacional (ADR) (NYSE:SID) yearly performance is 13.52%.

Among these players in the recent weeks, Rare Element Resources Ltd (NYSEMKT:REE) has been seeing great movement on the stock market. Besides, Rare Element has been successful in building itself as a national player, being part of the Environmental Impact Statement (EIS) along with a lead contractor at US Forest Service, Tetra Tech. The panel will study the compliance requirements for the Bear Lodge Project as part of the National Environmental Policy Act (NEPA). Rare Element Resources Ltd (NYSEMKT:REE) shares moved down -9.15% in last trading session and was closed at $1.29, while trading in range of $1.26-$1.44. Rare Element Resources Ltd (NYSEMKT:REE) year to date performance is -16.77%.

Fitch Ratings has downgraded China-based Yanzhou Coal Mining Company Limited’s (Yancoal) Long-Term Issuer Default Rating (IDR) to ‘BB+’ from ‘BBB-‘.Yanzhou Coal Mining Co Ltd (ADR) (NYSE:YZC) weekly performance is 0.63%. On last trading day company shares ended up $7.96. Yanzhou Coal Mining Co Ltd (ADR) (NYSE:YZC) distance from 50-day simple moving average is 7.34%. Analysts mean target price for the company is $5.16.