AI boom pushes copper toward a supply crunch, BNEF warns
The race to build bigger, denser data centres for artificial intelligence is putting fresh strain on the copper market.
A new BloombergNEF report says demand could climb by 400,000 tonnes a year, with prices potentially hitting $13,500 a tonne by 2028.
At the same time, energy transition projects and fragile mine supply add to the pressure. We spoke with Rosemary Katz, Senior Associate at BNEF, to unpack whether copper can keep pace with AI, clean power, and a shifting global market.
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