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The Metal Behind AI Could Be Entering Its Moment Copper has never been the flashy trade. But it is everywhere. Inside data centers. Inside power grids. Inside transformers, substations, EVs, buildings, factories, and the infrastructure needed to keep the AI boom running in the real world. And now the numbers are getting hard to ignore. Copper recently hit historic highs after a reported 41% year-over-year surge. S&P Global forecasts global demand could rise 50% over the next 14 years, from 28 million metric tons today to 42 million by 2040. At the same time, new supply is not easy to bring online. That could be the opening. Because when demand accelerates but supply staggers, investors often start looking past the obvious names and toward smaller stories tied to future supply. One North American copper company may be sitting in that exact window. Still early. Still under the radar. But copper's moment may finally be here. |
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