Copper Near Record Highs as AI Infrastructure Demand Hits Supply Wall

The AI Bottleneck

Copper is increasingly viewed as the ultimate 'choke point' for the AI revolution. With hyperscale data center projects outpacing global mine production, Goldman Sachs expects prices to consolidate near record levels before another leg up.

Strategic Stockpiling

Persistent mine disruptions in Latin America have left exchange inventories at multi-year lows. Major economies are reportedly treating copper as a strategic asset, with stockpiling efforts further removing available supply from the spot market.