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

0748 GMT - Shares in London-listed miners rise as European markets open strongly. Across the board, indexes in the region rise, with banking stocks recovering some of Thursday's loses. Luxury stocks in France and auto stocks in German perform well. For miners, the wider positive outlook is also underpinned by strong gold prices, with futures at $4,653.90 a troy ounce on safe-haven buying. Precious metals miner Hochschild Mining gains over 3% while Endeavour Mining is up 2.3%. Diversified miner Anglo American is up 1% while copper miner Antofagasta rises 1.3%.(adam.whittaker@wsj.com)

0352 GMT - Lynas Rare Earths has again been vague in its guidance for the year ahead, says UBS. "While there was much focus [and perhaps disappointment] on the FY27 outlook...we argue that LYC's value proposition [at least for us] has always been far more expansive than one-year earnings," the bank says. Its view is that the hurdle to higher volumes relates to Lynas's own ability to produce more, rather than any difficulty in finding customers. UBS says it is focused on costs, as expanded facilities ramp up, as well as continued increases in heavy rare-earths output and the miner's long-term downstream growth plans. UBS reiterates its buy rating. Its trims its target to 22.50 Australian dollars a share from A$22.75/share. The stock is down 1.4% at A$16.17.(rhiannon.hoyle@wsj.com; @RhiannonHoyle)

0240 GMT - Macquarie questions the role of manganese in South32's portfolio in the long term. As the miner sells its aluminum business, it is putting copper and zinc at the heart of growth plans. Alongside South32's FY results, management reiterated that copper and zinc are the preferred growth commodities, while the near-term focus for manganese is safe and stable operations, Macquarie says. "There was no update on potential portfolio action, leaving manganese's longer-term strategic fit unresolved as the aluminum divestment progresses," it says. Macquarie has a neutral rating on South32. It raises its target price by 16% to 5.00 Australian dollars a share, citing higher spot commodity prices, among other factors. Shares are unchanged at A$5.21.(rhiannon.hoyle@wsj.com; @RhiannonHoyle)

0224 GMT - Boss Energy bull Macquarie thinks investors are too wrapped up in the uranium producer's short-term outlook. "FY27 is not the destination, yet the market has over-focused on it," Macquarie says in a note. It says the year ahead will be one of transition for Boss, which disappointed with weak FY27 guidance reflecting lower grades. "We suggest looking longer term" and focusing on the ramp up to 1.9 million pounds a year, says the bank. "Honeymoon value will be better demonstrated when fully ramped," it says. Macquarie reiterates an outperform rating and raises its price target by 2.8% to A$1.80 a share. Shares of Boss are down 2.3% at A$1.48, adding to Thursday's 17% tumble. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

0202 GMT - Press Metal Aluminium is likely to post lower 2H earnings as aluminum prices pull back from 2Q peaks, Maybank IB analyst Loh Yan Jin says in a note. However, medium-term prices of the metal are expected to stay supported by elevated energy costs and structural demand from renewable energy, electric vehicles and AI infrastructure, she says. The company has locked in about 65% of 2026 estimated sales at around $2,800 a ton, 60% of 2027 sales at $2,900 a ton and 30% of 2028 sales at $3,000 a ton, she adds. Loh says lower alumina prices could also allow Press Metal to reduce hedging. Maybank maintains a buy rating on the stock with a target price of 9.41 ringgit. Shares are 0.1% lower at 8.00 ringgit. (yingxian.wong@wsj.com)

0119 GMT - Gold declines in early Asian trade as traders await a speech from Fed Chair Warsh, hoping for clues on the trajectory of interest rates as inflation stays sticky. A balanced tone at from Warsh at the Jackson Hole conference could support gold, says Kudo.com's Konstantinos Chrysikos, while hawkish remarks could lift bond yields and pressure the precious metal. he says. A higher rate environment typically weighs on nonyielding assets like gold. "Markets will also watch any shifts in geopolitical developments in the Middle East and their impact on oil prices and inflation expectations," he adds. Spot gold drops 0.3% to $4,588.23 a troy ounce. (megan.cheah@wsj.com)

0113 GMT - Westgold Resources reports a beat on its dividend alongside in-line earnings, says RBC Capital Markets analyst James Redfern. Westgold's final dividend of 10 Australian cents a share is above consensus of A$0.076/share, while underlying Ebitda of A$1.10 billion compares to consensus at A$1.12 billion. "A new FY27 shareholder capital return policy of a minimum of 3cps [cents per share] through dividends and share buybacks was also announced," notes Redfern. He says the market will be watching for further updates on Westgold's growth strategy and outlook, planned for Sept. 9. RBC has an outperform rating and A$6.50/share target on Westgold. The stock is up 1.4% at A$6.65/share. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

0101 GMT - Mineral Resources' FY result reflects a successful turnaround year, says Macquarie. It says the miner's resumption of dividends is a signal of returning balance-sheet strength. "Cost improvement/containment will remain an important focus in FY27 given inflation pressures," says the bank. Macquarie keeps its target of 80 Australian dollars a share and outperform rating on the stock. Shares are down 0.2% at A$65.26. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

1817 GMT - Gold futures edge up in a steady session with the market awaiting tomorrow's comments by Fed Chairman Kevin Warsh at Jackson Hole. "A balanced tone could support gold, while hawkish remarks may lift yields and pressure the metal," Konstantinos Chrysikos of Kudo.com says in a note. "Markets will also watch any shifts in geopolitical developments in the Middle East and their impact on oil prices and inflation expectations." Front month gold settles up 0.25% at $4,609.70 a troy ounce. Silver rises 2.1% to $69.429 a troy ounce.