Market sources say Faraday Copper will acquire BHP's San Manuel mining assets in Arizona, US.

At a July 1 investor call attended by over 900 participants, Sungrow said the global energy-storage market will expand sharply this year, with Europe stronger than expected. It said financing restrictions by some EU banks on projects using Chinese inverters affect roughly 20% of the European market and have limited impact on Sungrow because the company has low participation in those projects. Falling lithium carbonate prices are increasing demand for long-duration storage, and Sungrow now expects European market growth about 10% above prior forecasts.

LME stocks: copper down 2,500 tonnes; aluminium down 1,500 tonnes; nickel up 390 tonnes; tin down 50 tonnes; zinc down 250 tonnes; lead down 1,450 tonnes.