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Artificial Intelligence Boosts Copper Prices
Copper has outperformed gold since the beginning of the year, posting gains of nearly 16%, supported by strong demand from the artificial intelligence sectors, updates to electricity grids, and increased defense budgets. Concerns over the United States potentially imposing a 15% import duty on refined copper starting in 2027 also boost prices, as large stockpiles are accumulated within America to reduce reliance on the global market. Analysts expect the upward trend in copper prices to continue due to production deficits and growing demand, emphasizing the strategic importance of the metal for national security and infrastructure.
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