Copper Holds Historic Gains on AI Grid Needs and Mine Disruptions

AI and Grid Infrastructure

High-density AI servers require up to five times more copper than traditional facilities. This electrification surge is hitting a wall of stagnant mine production in Chile and Peru, creating a permanent structural deficit.

Supply Risks and Inventories

LME inventories remain near record lows. Traders are front-running potential mid-year import taxes in the US, sucking liquidity out of European and Asian hubs and supporting a high-price floor.