Copper Shortages Loom as AI and Green Energy Boom Collide with Limited Supplies
• 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 growth from EVs and renewable energy • Global copper market facing 4-5 million ton deficit by 2030 even before additional AI/data center demand • China dominates global copper production and consumption as well as supplies of many other industrial metals • Geopolitical tensions could slow down the green transition as China controls production of many critical raw materials