Why copper markets are feeling the pinch due to aggressive AI data center expansion — expansive buildout to demand 1.1 million tonnes of copper annually by 2030, close to 3% of global demand

The rapid expansion of AI-driven data centers is significantly increasing the demand for copper, with projections indicating a need for 1.1 million tonnes annually by 2030, close to 3% of global demand. The surge in data center demand, fueled by generative AI, is straining the global copper market, which is already facing a supply deficit. Companies in the copper manufacturing space are capitalizing on this demand, with data center developers being key buyers. While alternatives like aluminum are being considered to mitigate potential copper scarcity, the overall impact of AI data center growth on copper markets remains a significant concern.