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Will rising AI, EV and energy demand turn copper into the next oil?
Yes - and the data increasingly supports that view. Copper’s role in the global economy is shifting from an industrial input to a strategic resource underpinning the energy and technology transitions. Prices are trading near $11,000 per tonne on the London Metal Exchange (LME), up about 27% since January 2025, as demand from AI data centres, electric vehicles (EVs), and renewable energy infrastructure surges. With global supply struggling to keep pace, analysts believe copper could soon become as central to modern growth as oil was to the 20th century - powering everything from high-voltage grids to the AI servers ... (full story)
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