The electric vehicle, Artificial Intelligence, power infrastructure and automation boom will drive at least 10 million metric tons of additional copper demand by 2035
The electric vehicle, Artificial Intelligence AI, power infrastructure and automation boom will drive at least 10 million metric tons of additional copper demand by 2035, Swiss multinational commodity trading company Trafigura has predicted.
Copper supplies are coming under pressure as Chinese smelters approach their regulatory approval to cut output, with supply shortage resulting from disruptions in key mines across major producing regions. Rising U.S. PMIs and supply disruptions, due to drought in Zambia, are also bullish for near-term prices. Adding to the supply disruption, the U.S.
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