Apr. 18 at 10:06 PM
$NEXM is... A.I.
$ALOY $USAR $NUCL $USAR $MP
Copper - Nickel - Cobalt - Platinum
- With the Copper Mining Market expected to grow from
$9.24 billion in 2024 to
$13.93 billion by 2035, the race to secure units of the metal is rapidly becoming a central theme of global energy
- Copper prices hit record highs, fueled by a "perfect storm" of supply disruptions, high demand from AI data centers and the energy transition..
- Major financial institutions are aggressively revising their forecasts, with Citi predicting copper could reach
$15,000 per ton by the second quarter of next year due to an insatiable appetite for the metal and the mining industry's inability to keep pace.
- The supply crunch is accelerating efforts to diversify global production away from China, with new capacity coming online in regions like the Democratic Republic of Congo and Canada to secure the metal against a looming 30% deficit.. contd..
https://oilprice.com/Metals/Commodities/Copper-Prices-Surge-Toward-12000-on-AI-Demand-and-Supply-Chaos.html