Global Copper Supply Faces Crunch as AI Investments Reshape the Energy Landscape

USA News Group News Commentary
Issued on behalf of Usha Resources Ltd.

VANCOUVER, BC, Dec. 16, 2024 /CNW/ -- USA News Group – The ongoing boom in Artificial Intelligence (AI) is lifting demand on several commodities, in particular copper. AI's infrastructure needs, especially data centers, are fueling a copper surge, to the benefit of mining companies. According to a "never-wrong" oil hedge fund manager from France, copper could hit $40,000 a tonne over "the next four years or so". With AI-focused tech giants reportedly set to invest over $1 trillion in infrastructure and power grid development, analysts are expecting a significant surge in demand for copper. Swiss bank UBS foresees a copper shortage, with a predicted supply deficit surpassing 200,000 tons by 2025. S&P Global Market states that copper mines are one of the slowest to develop, taking 24.1 years on average, meaning work being done now is becoming increasingly more important for tomorrow. Among the mining-focused companies making recent important progress include Usha Resources Ltd. (TSXV:USHA.VN) (OTC:USHAF), Capstone Copper Corp. (TSX:CS.TO) (OTCPK:CSCCF), Lundin Mining Corporation (TSX:LUN.TO) (OTCPK:LUNMF), Orla Mining Ltd. (TSX:OLA.TO) (NYSE-American:ORLA), and Arizona Sonoran Copper Company Inc. (TSX:ASCU.TO) (OTCQX:ASCUF).