The hunt for copper to wire the AI boom
Data centres and green grids are heavy users of the red metal, but mine supply is stagnating and new discoveries are rare
Data centres and green grids are heavy users of the red metal, but mine supply is stagnating and new discoveries are rare

Analysts expect demand for industrial metal to outstrip mined supply by 2030s

New data highlights the need for processing of the metal vital for power grids and electronics, rather than stockpiling

Market hit by disruption to production and Donald Trump’s tariffs

Production hold-ups at large mines and fears about Trump tariffs have helped to fuel sharp rally since October

Pendulum is swinging back to companies in areas such as servers, more general chips and software

The backlash against data centres chimes with energy Nimbyism of the past