AI Set to Drive 50% Rise in Copper Demand by 2040

Artificial intelligence could boost global copper demand by as much as 50% in the years to 2040, which will cause a supply squeeze due to the long lead times on new mines. That’s according to S&P Global Energy and Market Intelligence, which released a special report on the issue today, warning that the gap between demand and supply could reach 10 million tons by 2040. Total copper demand could soar from 28 million tons in 2025 to 42 million tons in 2040, the S&P Global report’s authors, including Daniel Yergin, said. The general…