The latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0919 ET - Lundin Mining's Caserones operations guidance could be at risk after the company found damaged powerline towers that need repairing following a storm. TD Cowen's Craig Hutchison figures that the two-to-three weeks downtime on top of the nine days since a power outage on July 18 will hit production by 8,000 to 10,500 tons of copper. Hutchison now estimates that operations will reduce to 125,000 to 127,000 tons of copper in the year, bringing total annual production to 312,000-314,000 tons from all its operations, in line with guidance of 310,000-335,000 tons. (adriano.marchese@wsj.com)

0620 ET - Syensqo still offers good value, Bernstein analyst James Hooper and Sebastien Afoy say in a research note. The Belgian chemicals company's strategic review of its performance and care division should enable more focus on the materials division, where there is higher potential, the analysts say. The trajectory of the share price depends on the outlook of the materials division, and how much value Syensqo could get from scaling the performance and care division, the analysts add. Bernstein raises its price target on the stock to 78 euros from 71 euros. Shares trade 0.2% higher at 71.2 euros. (nina.kienle@wsj.com)

0415 ET - The euro remains vulnerable to renewed falls even as oil prices ease after the U.S. and Iran halted attacks, ING's Francesco Pesole says in a note. The euro's rise above $1.14 looks "somewhat optimistic" given the absence of a clear de-escalation path, he says. "Any renewed military strikes could quickly send Brent crude back to $100 per barrel and the euro below $1.1380." Potential dollar buying ahead of the Federal Reserve's decision Wednesday could also weigh on the euro versus the dollar, he says. Elevated gas prices are another reason to remain cautious on the euro unless tensions ease quickly, he says. The euro rises 0.3% to $1.1402.(renae.dyer@wsj.com)

0041 ET - PT Timah (Persero) stands to benefit from Indonesia's crackdown on illegal mining, Bahana Sekuritas' Jeremy Mikael says in a research report. Tighter enforcement couldredirect ore produced within the tin-metal producer's concessions away from illegal collectors and competing smelters and back into the company's formal supply chain, the analyst says. As the government's enforcement pushes more local miners into legal channels, PT Timah should gradually recapture these volumes, boosting the Indonesian company's tin-metal sales over 2026-2028. The brokerage initiates coverage of the stock with a buy rating and a target price of 4,400.00 rupiah. Shares are unchanged at 3,430.00 rupiah. (ronnie.harui@wsj.com)

0007 ET - Crude palm oil prices are expected to remain well supported, with an upside bias toward the year-end as the effects of El Nino begin to emerge, RHB Investment Bank analysts say in a note. That is likely to provide a tailwind for the Malaysian plantation industry. Dry conditions are expected to peak between October and January, with fresh fruit bunch yields forecast to decline 10%-14% in the first year of El Nino and 3%-4% in subsequent years if dry weather persists, tightening palm oil supply, they say. Indonesia's B50 biodiesel mandate is also expected to support prices by boosting domestic consumption, they add. RHB maintains an overweight rating on the Malaysian plantation sector. (yingxian.wong@wsj.com)

2229 ET - Evolution Mining gets not just more copper ore from Carnaby Resources' Greater Duchess project under an agreed takeover, but "perhaps more importantly in our view access to significant underexplored acreage," says MA Moelis Australia. The 213 million Australian dollars deal is a modest investment for A$23-billion Evolution, it says. For Carnaby, "this deal represents value recognition by another corporate that the market was unwilling to pay," MA says. It keeps a buy rating and A$1.10 target on Carnaby shares. MA says investors should continue to hold the stock in case any further corporate activity arises, even if it appears unlikely at this stage. Shares in Carnaby are up 60% at A$0.77. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

2131 ET - Buying Carnaby Resources gives Evolution Mining an additional source of high-quality copper-gold ore to increase production at its Ernest Henry operation, says RBC Capital Markets analyst James Redfern. He expects the economics of Carnaby's Greater Duchess project can "be enhanced under EVN's ownership and processing at Ernest Henry." A recent project study assumed a processing toll with Glencore that will now be terminated, Redfern notes. RBC keeps a sector perform rating and A$11.50-per-share price target on Evolution. Shares in the miner are up 2.7% at A$11.59. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

2113 ET - A rival bid for Carnaby Resources can't be ruled out given recent demand for copper assets around Mt. Isa in Australia's Queensland state, Euroz Hartleys says. Its remark follows an all-stock takeover deal between the explorer and Evolution Mining. The broker cuts its target on the Carnaby to A$0.77, from A$0.96, to align with Evolution's implied offer price. Euroz reaffirms a Speculative Buy recommendation. Carnaby shares are up 60% at A$0.77. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

1950 ET - Gold rises in Asian trade. The metal likely found some relief as oil prices retreated, bond yields inched lower and the dollar softened, says Kudo.com's Konstantinos Chrysikos in an email. The U.S. and Iran also took a pause from fighting over the weekend, which could have contributed to falling oil prices. Lower oil prices likely helps to stem global inflationary pressures, easing concerns of monetary-policy tightening. A higher interest-rate environment typically weighs on nonyielding assets like gold. Spot gold gains 1.0% to $4,093.89 a troy ounce.(megan.cheah@wsj.com)

1900 ET - Australian stocks look set to rise in early trade, in line with strength in U.S. equity futures. Local stock futures are up by almost 0.6% ahead of Monday's open, suggesting that the S&P/ASX 200 will rally from the 0.75% drop that wrapped up a third straight weekly decline on Friday. Ahead of the open, Capricorn Metals said it was aspiring to produce 500,000 oz of gold annually within the next five years. U.S. equity futures were higher at the weekend as fighting between the U.S. and Iran paused and oil prices fell. U.S. stocks were mixed on Friday. The Dow Jones Industrial Average rose 0.5%, the S&P 500 gained less than 0.1%, and the Nasdaq Composite dropped 0.6%. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 27, 2026 12:20 ET (16:20 GMT)

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