Artificial intelligence: driving the demand for copper (and gold)
The adoption of artificial intelligence (AI) – and more specifically generative AI – has ramped up since early 2023 when ChatGPT opened up to the general public.
This growth in the development of AI generates an increase in the demand for electronic components used in data storage systems (chips, printed circuit boards), which are made from metals such as copper, gold, palladium and platinum.
The acceleration in the growth of AI also results in an increasing demand for electricity with the creation of new data centres for developing new generative AI. By 2030, electricity consumed by AI is expected to account for 3% to 4% of global demand.
These increased needs are further contributing to the booming demand for copper linked to the above, and accentuating an imbalance in this market, in the medium to longer-term,
https://www.banque-france.fr/en/pub...-growth-data-centres-challenges-copper-market
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
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