Why copper markets are feeling the pinch due to aggressive AI data center expansion — expansive buildout to demand 1.1 million tonnes of copper annually by 2030, close to 3% of global demand

Data center demand is skyrocketing as the generative AI revolution continues at pace. The racks of servers already use around 1.5% of global electricity, but by 2030, it's estimated that data centers will need around 1.1 million tonnes of copper annually by 2030, or close to 3% of global demand.