Copper Prices Hold Near Record Highs on AI Infrastructure Resilience

Data Center Bottlenecks

Hyperscale AI data centers consume copper at a rate four times higher than traditional office construction. With global exchange inventories at multi-year lows, the scramble for refined copper is creating a permanent scarcity premium.

Mining Supply Headwinds

Ongoing operational hurdles in Chile and the closure of major mines in Central America have prevented a meaningful supply response to high prices. Analysts expect copper to test the $6.50 level by mid-2026 to incentivize new exploration.