AI Demand and Grid Upgrades Drive Fresh Copper Boom

Copper futures on the London Metal Exchange rose above $10,500 a ton - the highest since May 2024 - driven by a mix of investing themes, macro tailwinds, and worsening supply outlook.  Freeport-McMoRan's (FCX) recent force majeure declaration at Indonesia's giant Grasberg mine, the world's second-largest copper source, adds to mounting disruptions already squeezing the market. Add growing demand from AI data centers and grid upgrades, and the shiny industrial metal looks poised for further upside. Last week, Goldman's commodity specialist…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com