How Copper is POWERING the future

Copper has to be used not only for getting electricity to the data center, but these data centers are very energy intensive endeavors. What we see is copper being used often times in favor of fiber optics, for example, because it runs much cooler than what fiber optics does, and that keeps the cooling costs lower.

Another thing that benefits copper as it relates to AI is it is very energy intense, but at the same time, these tech companies have to grapple with the energy intensity along with staying true to their clean energy mandates that they often have on a corporate level. So, what we see is they're investing in things like wind and solar and a lot of investments for power data centers going to nuclear power.

When you look at the renewable energy side, it tends to be very much copper intensive. It's about two and a half times the amount of copper needed for a solar wind installation compared to a traditional fossil fuel counterpart.

Just to give you an idea of the growth that we see in this industry, out through 2030, AI is expected to require about 5 metric tons of copper through the rest of this decade. If we go out to 2050, it's anticipated that on an annual basis, AI will consume about three million metric tons.