Copper supply shortage arguments center on rising demand and declining ore quality
FCX Freeport-McMoRan Inc
$69.54 -0.74%
View chart & analysis → 
- 1An S&P Global report forecasts copper demand will exceed baseline supply, with the gap widening after 2030
- 2Supply is expected to decrease around 2035, while over 60% of demand growth from 2024 to 2040 will come from AI, data centers, and energy transition
- 3Declining ore quality in US and Chilean mines is cited as a problem, and the author expresses a long-term bullish view on copper
So what's the key point?
A forecast suggests that while the desire to use copper is growing, the amount being mined is expected to decrease around 2035. More than 60% of this rising demand is expected to come from AI and the energy transition.
Source The Motley Fool +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.