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

0220 GMT - After Lynas Rare Earths' planned takeover of Meteoric Resources, Euroz Hartleys wonders: "How long will VMM [Viridis Mining] last from here?" Viridis's Colossus project neighbors the Caldeira project owned by Meteoric, which is being acquired by Lynas in a 968 million Australian dollars deal. Assuming equal treatment for Viridis implies a value of greater than A$5.00/share, the broker says. Viridis shares surge by 16% to A$3.87. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

0158 GMT - Lynas Rare Earths' planned acquisition of Meteoric Resources is "a decent deal" for Lynas, says Ord Minnett. "It adds a massive resource offering strategic options," the broker says. In the near term, the all-share deal is dilutionary for Lynas and adds some permitting risk, Ord Minnett says. Its net asset value on Lynas goes to A$7.10/share from A$7.60/share. The broker has a "lighten" rating and a A$14.00/share price target on Lynas, both of which are under review pending a detailed assessment of the acquisition, it says. Shares are down 5.7% at A$13.04. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

1157 GMT - The effects of higher energy costs on Johnson Matthey should be contained, and the business is well placed for sustainable shareholder returns, Jefferies analysts Helena Xu and Marcus Dunford-Castro write. The chemicals firm produces catalytic converters for combustion engines, and higher energy prices accelerate the shift to electric vehicles. "We believe the risk to JMAT is contained, given its underweight exposure to China where the acceleration is likely most pronounced," the analysts write. Jefferies reiterates its buy rating on the stock and ups its price target to 26.60 pounds from 23.30 pounds. Shares are 1.7% higher at 24.20 pounds but are down 17% year to date.