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

Market Intelligence Analysis

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Why This Matters

AI-driven copper demand is expected to rise by 50% by 2040, potentially leading to a supply squeeze due to long lead times for new mines, with a projected demand-supply gap of 10 million tons.

Market Impact

Market impact analysis based on bullish sentiment with 85% confidence.

Sentiment
Bullish
AI Confidence
85%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

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…

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Original article published by OilPrice.com on January 8, 2026.
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