AI Needs Copper—Can the World Deliver? | Presented by CME Group

Market Trends - Artificial general intelligence (AGI) is booming, driving growth in the data center industry [1] - Copper prices have been on an upward trajectory in the last 3 years, potentially due to Gen AI and electric vehicles, while crude oil prices have generally decreased [2] Supply and Demand - Global demand for copper is growing, while the supply remains relatively stagnant [2] - Copper has the slowest growing supply of any industrial metal over the last 30 years [3] - Increased demand for resources from Gen AI in the coming years could be bullish for the price of copper [3] Industry Impact - Data centers are crucial for AGI development and rely on copper wiring for internal and external connections [1]