铜价狂飙逼近1.2万美元！AI数据中心引爆“红色金属”争夺战，供应链已拉响警报

Group 1 - The price of copper is approaching $12,000 per ton due to soaring demand for data centers driven by artificial intelligence and supply constraints, with a year-to-date increase of 35% [1] - Copper is essential for powering infrastructure needed for data centers, electric vehicles, and energy transition [1] - A survey predicts a shortage of 124,000 tons of copper this year and 150,000 tons next year, driven by significant investments in grid modernization and expansion [1] Group 2 - Global copper demand is expected to reach 27 million tons this year, with a 2.7% increase projected for 2024, and a 3.7% growth in demand from China [2] - Supply disruptions, including an incident at Freeport-McMoRan's Grasberg mine, have reinforced expectations of tight supply [2] - Copper inventories in major exchanges have increased by 54% this year, reaching 661,021 tons [2] Group 3 - Comex inventory has reached a record high of 405,782 tons, accounting for 61% of total exchange inventory, compared to 20% at the beginning of 2025 [3] - The supply of refined copper is under scrutiny due to ongoing reviews of import tariffs, with a 50% exemption on tariffs effective from August 1 [4]