AI’s future rests on copper, and global supply shortages could hamper big tech infrastructure plans

Copper demand is expected to skyrocket over the next two decades, according to new research from S&P, fueled in part by surging AI industry growth.

Analysis from the consultancy shows demand for copper will soar by 50% across the next 14 years. Demand levels in 2025 stood at 28 million metric tons, S&P noted, and this is expected to grow to 42 million by 2040.

This surging demand poses questions about the ability of global copper producers to meet expectations across the period, with concerns about looming bottlenecks rising.

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