Citigroup raises CoreWeave PT to $159 from $142.

Bill Gates, founder of TerraPower, held meetings on the 14th with SK Group and HD Hyundai leaders to discuss cooperation on small modular reactors (SMRs) and power supply for AI data centers. In talks with SK’s chairman he focused on addressing rising electricity demand from AI data centers, next‑generation nuclear industry development and potential U.S.-Korea nuclear cooperation. SK and SK Innovation jointly invested $250m in TerraPower in 2022 and are TerraPower’s second-largest shareholders; SK Innovation on the same day signed a cooperation deal with TerraPower on a sodium‑cooled SMR. Gates also met HD Hyundai’s chairman and the CEO of Hyundai Engineering to review progress on previously signed commercial agreements; in May the three firms agreed to jointly commercialize sodium‑cooled SMRs and establish a division of labor.

LME base metals stocks: Copper 204,975 t, down 2,750 t; Aluminum 248,300 t, down 1,700 t; Zinc 88 t, down 92,462 t; Nickel 264,732 t, unchanged; Lead 412,675 t, down 1,700 t; Tin 5,485 t, down 50 t.