AI Boom Can Lead To 'Potential Demand Growth' For This Metal, Wall Street Turns Bullish
- last month
Wall Street is demonstrating an increased interest in copper, a trend driven by the metal’s growing use in data centers, which are essential for artificial intelligence (AI) operations.
What Happened: A note from Jefferies, predicts that global copper demand from data centers will jump from 239 thousand tons in 2023 to at least 450 thousand tons annually by 2030, reported CNBC.
What Happened: A note from Jefferies, predicts that global copper demand from data centers will jump from 239 thousand tons in 2023 to at least 450 thousand tons annually by 2030, reported CNBC.