Under the combined influence of multiple factors such as the boom in artificial intelligence investment, global supply concerns, and the weakening US dollar, international copper prices are entering their strongest year since 2009. Analysts believe that against the backdrop of a continued tightening of the supply and demand pattern and the acceleration of data center construction, the upward momentum of copper prices is expected to continue until next year. Astris Advisory commodity strategist Ian Roper pointed out that AI has become one of the latest core factors driving the rise in copper prices. Against the backdrop of tight global supply, the copper market is still “highly tight”, and there is room for further upward price growth. Roper said that the main support for copper prices in the past few years has come from investment in green energy and electric vehicles. As data centers become a new investment focus, the demand structure for copper is being further skewed towards high value-added areas.

Under the combined influence of multiple factors such as the boom in artificial intelligence investment, global supply concerns, and the weakening US dollar, international copper prices are entering their strongest year since 2009. Analysts believe that against the backdrop of a continued tightening of the supply and demand pattern and the acceleration of data center construction, the upward momentum of copper prices is expected to continue until next year. Astris Advisory commodity strategist Ian Roper pointed out that AI has become one of the latest core factors driving the rise in copper prices. Against the backdrop of tight global supply, the copper market is still “highly tight”, and there is room for further upward price growth. Roper said that the main support for copper prices in the past few years has come from investment in green energy and electric vehicles. As data centers become a new investment focus, the demand structure for copper is being further skewed towards high value-added areas.