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

0548 GMT - Aneka Tambang is likely riding the rally in gold prices, Bahana Sekuritas' Jeremy Mikael says in a research report. The Indonesian miner posted record-high gold sales of 15.2 tons in 4Q, which boosted its 2024 revenue by 69%, the analyst notes. The company has set a conservative 40-ton gold sales target for 2025, though robust 1Q momentum suggests potential to match 2024's sales, the analyst says. Management also guided 2025 nickel-ore production at 16.9 million wet metric tons, which is already approved and likely achievable, the analyst adds. The brokerage raises the stock's target price to IDR2,100.00 from IDR1,900.00 with an unchanged buy rating. Shares are 5.9% higher at IDR1,790.00. (ronnie.harui@wsj.com)

0530 GMT - Miners' quarterly operational results, due over the next few weeks, "have lost salience in the face of global risk-off and recessionary fears," Citi analysts say in a note. A roughly 30% selloff in stocks from year-to-date highs suggests that mining stocks are beginning to price in a tariff-induced shock to global growth, the analysts say. They don't expect upcoming quarterly results to give investors much reason for cheer. "We see the operational trends for Q1 25 to be soft, with copper and iron ore production likely declining sequentially but staying ahead of the last-year levels," they say. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

0255 GMT - Australian lithium and rare-earth miners are likely to broadly miss 3Q consensus output estimates, according to Macquarie analysts. The analysts forecast a weak quarter for Lynas, predicting that rare-earth oxide production and sales in the three months ended March will miss market expectations by 4% and 8%, respectively. Among lithium producers, they tip shipments from Pilbara Minerals and Mineral Resources to fall short of consensus by 4% and 11%, respectively. IGO is expected to post a slight beat, 2% above consensus. Pilbara Minerals remains their preferred Australian lithium stock, "given its strong balance sheet, potential to liberate cash flow via a productivity drive, and downshift in its growth ambitions." The companies are expected to report their quarterly operational results this month. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

April 14, 2025 04:20 ET (08:20 GMT)

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