Copper Demand Surge for AI and Renewables Threatens Supply Deficit
• Copper demand from AI and data centers could add 1 million metric tons by 2030, exacerbating supply deficits • Energy transition expected to drive copper demand higher for EVs and renewable technologies • Global copper market already facing a deficit that could rise to over 100,000 tons by 2025 • China is world's top copper producer and consumer, and dominates supplies of many key energy transition metals • Geopolitical tensions could slow the green transition as China controls much production of critical raw materials