Basic Materials Roundup: Market Talk

Market Overview - London's miners experienced a rise in opening trade as precious metal prices stabilized after declines on Monday, with Fresnillo up 3.2% and Hochschild Mining up just under 2% [2] - In New York, silver futures increased by 5.7% to $74.45 an ounce following the largest one-day fall in over four years, while gold prices also fell but remained near historic levels [2] Company Insights - DSM-Firmenich's inability to sell its vitamins and animal-nutrition businesses by year-end suggests challenging negotiations with private-equity buyers, with a potential outcome of DSM retaining a 35% stake in these businesses, which could positively impact share prices [3] - Kim Loong Resources is expected to report flat earnings for Q4 FY2026, as a recovery in milling earnings may be offset by weaker palm product prices; however, the company could benefit from any rise in crude palm oil prices [3] - AmInvestment Bank maintains a buy rating on Kim Loong Resources with a target price of MYR2.91, reflecting concerns over the company's ageing oil palm profile, as 44% of its planted area is over 16 years old [3]