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Copper rally accelerates on electrification and AI demand, with forecasts up to $14,000/t
The scramble for copper assets is being driven by a powerful demand outlook for a metal that already underpins construction, transport and electronics—and is now becoming essential to electrification and the soaring power needs of AI data centres. Info collated in a Forbes piece, more here (may be gated). Copper has surged 30% this year on the London Metal Exchange to about $11,189/t, with U.S. prices slightly higher amid uncertainty over tariff policy. Analysts expect the rally to continue as structural demand outstrips supply. UBS forecasts copper rising to $11,500/t in Q1 next year, • climbing steadily through ... (full story)
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