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

0614 ET - Palm oil prices ended lower as profit-taking activities emerged following Monday's strong rebound, says David Ng, a trader at Kuala Lumpur-based Iceberg X. Softer crude oil prices and concerns over elevated domestic inventories weighed on sentiment, he adds. Ng sees prices to find support at 4,500 ringgit a ton and face resistance at 4,650 ringgit a ton. The Bursa Malaysia Derivatives contract for December delivery ended 18 ringgit lower at 4,560 ringgit a ton.(jiahui.huang@wsj.com; @ivy_jiahuihuang)

0532 ET - A successful takeover of Kenmare Resources would be a further blow to the embattled London bourse, AJ Bell's head of markets, Dan Coatsworth, writes. "While the investor audience for Kenmare is relatively niche, losing it would still be a crying shame given it has been a long-standing name in the U.K.-quoted mining space," he says. The Mozambique-focused titanium minerals producer said it received a takeover approach from International Resources Holdings, an Abu Dhabi-based mine-to-market natural resources extractive company. Kenmare said talks are continuing, but didn't disclose any financial details or terms being discussed. Kenmare shares are up 28% at 232 pence, but are down 5.7% over the year to date. (ian.walker@wsj.com)

2021 ET - The Huayue Nickel Cobalt HPAL--or high pressure acid leaching--project in which Nickel Industries owns a stake appears likely to keep producing more nickel than its nameplate capacity, Macquarie says following a site visit. "We believe the facility is on track to produce 80,000 tons nickel [contained metal in mixed hydroxide precipitate, or MHP] despite water supply challenges," the bank says. In 2025, the HNC site produced about 85,000 tons of contained nickel, roughly 40% more than its 60,000-ton annual nameplate capacity, says Macquarie. "However, higher sulphur prices could pressure HPAL margins," the bank says. "Site-visit discussions indicated that the operator is assessing sulphur recovery from tailings as a potential offset, although the economics and timing remain unconfirmed." Shares in Nickel Industries are up 1.0% at A$0.7725. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

1910 ET [Dow Jones]--If Rio Tinto can agree sales of stakes in its infrastructure assets on attractive terms, it "could demonstrate execution, improve balance-sheet flexibility and facilitate capital recycling," says Morgan Stanley. "However, value accretion would largely depend on the terms of sale," says MS. The bank views any deals as more of an incremental positive and says it doesn't change its underweight recommendation. "We ... do not see potential asset monetization as transformative to materially alter the outlook for enhanced shareholder returns," MS says. The bank thinks Rio Tinto's valuation is stretched and that it will face headwinds from an increasingly challenged iron-ore market and comparatively limited visible copper growth beyond the Oyu Tolgoi ramp-up. Australian shares in the miner are up 0.5% early in Sydney, at A$166.78.