BHP’s finance chief Vandita Pant told the Financial Times that AI data centres, which currently consume less than 1% of global copper, are expected to account for 6% to 7% of total demand by 2050. This growth is driven by the need for extensive energy infrastructure.
Copper shortages are already affecting industries that depend on it, from construction to engineering, and global supplies are at their lowest levels since 2008. Prices recently fell to $9,207 a tonne due to an economic slowdown in China, while analysts predict prices could rise to $15,000 to $40,000 a tonne as the gap between supply and demand widens.
Source: Ferra
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