2024-04-20 04:30:00 ET
Summary
- With the AI boom and green energy push fueling fresh copper demand, and with copper mines aging and not enough projects to match demand with supply, the forecasted copper shortage has finally arrived in earnest.
- The AI boom is stoking the need for more data centers, which will require around a million metric tons of copper by 2030.
- While some still believe the current rise in copper is mostly due to pure speculation, the majority of analysts now see the writing on the wall with copper supply and demand.
By SchiffGold
With the AI boom and green energy push fueling fresh copper demand, and with copper mines aging and not enough projects to match demand with supply, the forecasted copper shortage has finally arrived in earnest. Coupled with persistently high inflation in the US, EU, and elsewhere, I predict the industrial metal will surpass its 2022 top to reach a new all-time high this year:
Copper vs USD, 5-Year Graph: ...
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For further details see:
The Copper Supply Shortage Is Here