Copper Prices Hold Historic Six Dollar Mark on AI Infrastructure Super Squeeze

The AI Proxy Play

Institutional investors have pivoted into copper as a proxy for the AI revolution. Every announcement of new hyperscale campuses by tech giants adds fresh momentum to the market, as the Department of Energy confirms a 60% grid expansion is required to meet current AI energy needs.

Supply Chain Vulnerability

The permanent closure of Cobre Panamá and operational disruptions in Indonesia have removed significant tonnage just as demand peaks. Physical premiums for immediate delivery are hitting multi-decade highs as US refiners front-run potential mid-year import taxes.