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Data Centers’ Copper Hunger: How AI is Driving a Looming Supply Crunch?
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Data Centers’ Copper Hunger: How AI is Driving a Looming Supply Crunch?
The rapid global rollout of artificial intelligence (AI) data centers is set to add new pressure to the already strained copper market. A recent BloombergNEF (BNEF) report warns that: Copper supply gap could swell to 6 million tonnes by 2035 if demand keeps rising at this pace. Copper demand from AI-powered facilities will average about 400,000 tonnes a year over the next decade, peaking at 572,000 tonnes in 2028. By 2035, the cumulative copper…
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